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Respected Ethereum expert Max Resnick has made a bold move to the Solana blockchain. This change follows his departure from ConsenSys, where he played a key role in the development of the Ethereum ecosystem. This unexpected decision sparked debate in the crypto community, given Resnick's strong ties to Ethereum and growing enthusiasm for Solana.
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Resnick wrote a blog post explaining his motivations for joining Solana, highlighting his desire to learn more about the protocol's key components, including the consensus process and fee market. He clarified that he “hopes to figure out implementation details as soon as possible,” adding that his efforts could ultimately open the door for others to help Solana thrive.
Last week was my last week at ConsenSys. today is my first day @anza_xyz.
I bring my talents to Solana.
In the first 100 days, we plan to specify as much of the Solana protocol as possible, prioritizing pricing markets and consensus implementation.
— Max Resnick (@MaxResnick1) December 9, 2024
Focus on collaboration and innovation
Resnick's decision wasn't just about Solana's technology. He also highlighted the important work of Solana-focused research and development company Anza. He praised Anza's behind-the-scenes efforts, including its contribution to strengthening the network.
“Those of you in Easland may not have heard much from them, but they have been quietly delivering significant improvements to the network over the past year,” Resnick pointed out.
Despite his transformation, Resnick hasn't given up on Ethereum completely. He will continue to work as a Research Scientist at ConsenSys and provide advice and support. Resnick's dual role suggests that he aims to traverse knowledge between two important blockchain environments, thereby benefiting both communities in the long run. Masu.
SOL is currently trading at $225. Chart: TradingView
Solana price momentum
With positive confidence, Solana's market performance gradually improved. SOL has risen 5.9% in the past 24 hours to $225. The altcoin has soared since early November, breaking above key resistance levels. SOL's value has increased 215% over the past year, suggesting growing investor confidence.
A gradual increase in prices suggests a stronger technical structure and more market utilization. Analysts predict Solana's momentum will continue, especially with the addition of big names like Resnick to the development team.
#Solana $SOL Based on this cup and handle pattern, the price can reach $4,000. pic.twitter.com/dXZLI9urOh
— Ali (@ali_charts) December 10, 2024
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different price predictions
Still, predictions for Solana's final price vary widely. Crypto analyst Ali Martinez believes SOL could reach $4,000, inspired by the “cup and handle” chart pattern shown on the monthly chart. This optimistic framework suggests that above $260 will trigger an exponential increase.
Meanwhile, asset manager Bitwise has set a more conservative price target of $750, citing macroeconomic variables and broader market patterns. These differing expectations demonstrate the unpredictability in the world of cryptocurrencies, where optimism and caution often coexist.
Featured image from Medium, chart from TradingView