The Founder of the cryptocurrency exchange FTX – Sam Bankman-Fried – believes Solana (SOL) could become the next most dominant digital asset project. He added that Avalanche (AVAX) is another blockchain network that can climb to the top.
In a recent interview for Kitco News, the 29-year-old American shared his thoughts on the current cryptocurrency landscape and which projects could outlive a potential market crash.
Asked if this was the last bull-run in the sector, Bankman-Fried asserted that there will always be crashes followed by price increases. In the next two years, he expects to “see substantial institutional adoption of cryptocurrencies,” which will benefit the entire ecosystem.
FTX’s CEO did not rule out the possibility of experiencing a 2018-style bear market. Nonetheless, he thinks that the blockchain protocols with loyal supporters and important use-cases would not vanish even in such harsh conditions. Hype-related projects such as memecoins are more likely to plummet:
“The projects that you see surviving the best are the ones which have huge really loyal followers and the ones that have really important use-cases. I think the ones that seem more like hype-driven often crash the hardest.”
