{"id":660778,"date":"2024-12-11T22:30:45","date_gmt":"2024-12-11T22:30:45","guid":{"rendered":"https:\/\/wncen.com\/?p=660778"},"modified":"2024-12-11T13:41:01","modified_gmt":"2024-12-11T13:41:01","slug":"solana-welcomes-ethereum-prodigy-is-a-price-surge-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-welcomes-ethereum-prodigy-is-a-price-surge-on-the-horizon\/","title":{"rendered":"Solana Welcomes Ethereum Prodigy \u2013 Is A Price Surge On The Horizon?"},"content":{"rendered":"

Max Resnick, a reputable Ethereum expert, has taken a bold shift to the Solana blockchain. The change follows his departure from Consensys, where he played an important role in advancing Ethereum’s ecosystem. Given Resnick’s strong ties to Ethereum and growing enthusiasm for Solana<\/a>, this unexpected decision has sparked debate in the cryptocurrency community.<\/p>\n

Related Reading: Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows<\/a><\/div>\n

Resnick wrote a blog post outlining his motivation for joining Solana, emphasizing his wish to become knowledgeable about the protocol’s main components, including consensus processes and fee markets. He clarified, “I want to get up to speed on the implementation details as soon as possible,” adding that his work might open the door for others to eventually help Solana flourish.<\/p>\n

\n

Last week was my last week at Consensys. Today is my first day at @anza_xyz<\/a>.<\/p>\n

I\u2019m taking my talents to Solana.<\/p>\n

In my first 100 days, I plan on writing a spec for as much of the Solana protocol as I can get to, prioritizing fee markets and consensus implementations where I\u2026<\/p>\n

\u2014 Max Resnick (@MaxResnick1) December 9, 2024<\/a><\/p><\/blockquote>\n

Focus On Collaboration And Innovation<\/strong><\/h2>\n

Resnick’s decision was not solely about Solana’s technology; he also emphasized the important work of Anza, a Solana-focused R&D firm. He applauded Anza’s behind-the-scenes efforts, namely its contributions to network enhancements.<\/p>\n

“Those of you in Eth land may not have heard much from them, but they’ve been quietly shipping major improvements to the network over the past year,” Resnick pointed out.<\/p>\n

Resnick hasn’t completely given up Ethereum despite his transformation. Working as a Research Fellow at Consensys, he will keep providing advise and support. Resnick’s dual function suggests that he aims to cross knowledge between two important blockchain environments, therefore benefiting both communities over time.<\/p>\n

SOL is currently trading at $225. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Solana Price Momentum<\/strong><\/h2>\n

Positive confidence has helped Solana’s market performance to progressively get better. SOL has risen 5.9%, to $225<\/a> within the past 24 hours. The altcoin has surged sharply since early November, surpassing levels of crucial resistance. SOL’s value jumped 215% during the past year, suggesting rising investor confidence.<\/p>\n

The slow rise in price suggests stronger technical structure and more market use. Analysts predict Solana’s momentum will keep on, especially with well-known people like Resnick on its development team.<\/p>\n

\n

#Solana<\/a> $SOL<\/a> will hit $4,000, based on this cup and handle pattern! pic.twitter.com\/dXZLI9urOh<\/a><\/p>\n

\u2014 Ali (@ali_charts) December 10, 2024<\/a><\/p><\/blockquote>\n

\"\"<\/h3>\n
Related Reading: HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential<\/a><\/div>\n

Differing Price Forecasts<\/strong><\/h3>\n

Still, forecasts of Solana’s eventual price vary widely. Inspired by the “cup and handle” chart pattern showing on monthly charts, crypto analyst Ali Martinez thinks SOL might reach $4,000. This optimistic framework suggests that a breach above $260 would cause exponential increase.<\/p>\n

On the other hand, asset management Bitwise has set a more conservative price target<\/a> of $750, citing macroeconomic variables and broader market patterns. These divergent expectations illustrate the unpredictability in the cryptocurrency world, where optimism and caution frequently coexist.<\/p>\n

Featured image from Medium, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Max Resnick, a reputable Ethereum expert, has taken a bold shift to the Solana blockchain. The change follows his departure from Consensys, where he played an important role in advancing Ethereum’s ecosystem. Given Resnick’s strong ties to Ethereum and growing enthusiasm for Solana, this unexpected decision has sparked debate in the cryptocurrency community. Related Reading: Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows Resnick wrote a blog post outlining his motivation for joining Solana, emphasizing his wish to become knowledgeable about the protocol’s main components, including consensus processes and fee markets. He clarified, “I want to get up to speed on the implementation details as soon as possible,” adding that his work might open the door for others to eventually help Solana flourish. Last week was my last week at Consensys. Today is my first day at @anza_xyz. I\u2019m taking my talents to Solana. In my first 100 days, I plan on writing a spec for as much of the Solana protocol as I can get to, prioritizing fee markets and consensus implementations where I\u2026 \u2014 Max Resnick (@MaxResnick1) December 9, 2024 Focus On Collaboration And Innovation Resnick’s decision was not solely about Solana’s technology; he also emphasized the important work of Anza, a Solana-focused R&D firm. He applauded Anza’s behind-the-scenes efforts, namely its contributions to network enhancements. “Those of you in Eth land may not have heard much from them, but they’ve been quietly shipping major improvements to the network over the past year,” Resnick pointed out. Resnick hasn’t completely given up Ethereum despite his transformation. Working as a Research Fellow at Consensys, he will keep providing advise and support. Resnick’s dual function suggests that he aims to cross knowledge between two important blockchain environments, therefore benefiting both communities over time. Solana Price Momentum Positive confidence has helped Solana’s market performance to progressively get better. SOL has risen 5.9%, to $225 within the past 24 hours. The altcoin has surged sharply since early November, surpassing levels of crucial resistance. SOL’s value jumped 215% during the past year, suggesting rising investor confidence. The slow rise in price suggests stronger technical structure and more market use. Analysts predict Solana’s momentum will keep on, especially with well-known people like Resnick on its development team. #Solana $SOL will hit $4,000, based on this cup and handle pattern! pic.twitter.com\/dXZLI9urOh \u2014 Ali (@ali_charts) December 10, 2024 Related Reading: HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential Differing Price Forecasts Still, forecasts of Solana’s eventual price vary widely. Inspired by the “cup and handle” chart pattern showing on monthly charts, crypto analyst Ali Martinez thinks SOL might reach $4,000. This optimistic framework suggests that a breach above $260 would cause exponential increase. On the other hand, asset management Bitwise has set a more conservative price target of $750, citing macroeconomic variables and broader market patterns. These divergent expectations illustrate the unpredictability in the cryptocurrency world, where optimism and caution frequently coexist. Featured image from Medium, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":660832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1020,6664,1946,12837,83626],"class_list":["post-660778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-crypto","tag-ethereum","tag-sol","tag-solana"],"acf":[],"yoast_head":"\nSolana Welcomes Ethereum Prodigy \u2013 Impact On SOL Price<\/title>\n<meta name=\"description\" content=\"Max Resnick, a reputable Ethereum expert, has taken a bold shift to the Solana blockchain. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Welcomes Ethereum Prodigy \u2013 Is A Price Surge On The Horizon?","url":"http:\/\/wncen.com\/news\/solana-welcomes-ethereum-prodigy-is-a-price-surge-on-the-horizon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana-welcomes-ethereum-prodigy-is-a-price-surge-on-the-horizon\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/a_9394f7.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/a_9394f7.png?fit=1043%2C575"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["blockchain","crypto","ethereum","sol","solana"],"dateCreated":"2024-12-11T22:30:45Z","datePublished":"2024-12-11T22:30:45Z","dateModified":"2024-12-11T22:30:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Welcomes Ethereum Prodigy \\u2013 Is A Price Surge On The Horizon?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-welcomes-ethereum-prodigy-is-a-price-surge-on-the-horizon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-welcomes-ethereum-prodigy-is-a-price-surge-on-the-horizon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/a_9394f7.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/a_9394f7.png?fit=1043%2C575\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"blockchain\",\"crypto\",\"ethereum\",\"sol\",\"solana\"],\"dateCreated\":\"2024-12-11T22:30:45Z\",\"datePublished\":\"2024-12-11T22:30:45Z\",\"dateModified\":\"2024-12-11T22:30:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/a_9394f7.png?fit=1043%2C575","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/660778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=660778"}],"version-history":[{"count":6,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/660778\/revisions"}],"predecessor-version":[{"id":660865,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/660778\/revisions\/660865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/660832"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=660778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=660778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=660778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}