Solana Gains Momentum as Anthony Scaramucci Predicts Its Rise to Industry Standard
Solana received a significant boost midweek after SkyBridge founder Anthony Scaramucci expressed his confidence in the blockchain, declaring it the top contender in the race to become the industry standard for tokenized assets. In a recent interview with CNBC, Scaramucci compared the current blockchain competition to the early days of cloud computing, where several big winners emerged. He believes that Solana, with its architecture based on proven computing concepts, stands out from other blockchains and is poised to become a global standard for tokenized assets as blockchain rails replace legacy financial assets.
Scaramucci’s Endorsement and Solana’s Potential
Scaramucci’s endorsement of Solana is not surprising, given his company’s early commitment to the blockchain. He compared SkyBridge’s investment in Solana to its Bitcoin strategy about five years ago, when critics were skeptical, and institutions had not yet committed. However, as institutions eventually invested in Bitcoin, Scaramucci expects a similar scenario to play out with Solana. He argues that Solana’s familiarity and proven computing concepts have helped it become a platform of choice for builders, making it a core position for both SkyBridge and his personal portfolio.
Source: CoinGecko
SOL’s Price Rally and Technical Analysis
Solana’s price has been staging a comeback, trading above its 100 hourly simple moving average after breaking above key Fibonacci retracement levels of its previous decline. The digital asset’s recovery came alongside gains in other major cryptocurrencies. According to technical analysis, SOL’s hourly MACD shows bullish momentum building, and the RSI is above 50. However, the token is still facing strong resistance at the ceiling, and analysts say a breakout could open the door to higher price targets. Failure to clear short-term resistance could see SOL fall back towards its recently broken trendline and lower support levels.
Conclusion and Future Outlook
While the overall trend remains bearish until SOL can close above $158 and hold above $176, Scaramucci’s endorsement and the blockchain’s potential for tokenization could lead to a bullish reversal. As Scaramucci argues, today’s prices could look favorable if Solana becomes a central platform for tokenization. It’s worth noting that Scaramucci is promoting a book he wrote about Solana called “Solana Rising.” For more information on Solana and its potential, visit https://crypto.news/scaramucci-solana-big-winner-tokenization/
