Cathie Wood, CEO of ARK Invest, has recently been vocal about Solana, which has been recently experiencing a huge price rally.

In her comments earlier this week, Wood praised the blockchain protocol for its efficiency and cost-effectiveness, especially when compared to Ethereum.

“Solana is doing a really good job. If you look at Ethereum it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum”, she said during an interview with CNBC’s “Squawk Box” on Tuesday.

Solana saw a 15% increase on the day following her comments, with the price of Solana’s SOL token extending its monthly rise to nearly 200% and eyes on the $100 target. Since she made her comments on Tuesday, SOL has gained another $10 and was trading at $62 as of this writing, according to CoinGecko.

Wood’s sentiments this week echo her past comments because it’s not the first time she’s praised Solana.

On November 1, in another CNBC interview, Wood highlighted Solana’s efficiency and indicated its potential to outpace Ethereu

Go to Source to See Full Article
Author: Stacy Elliott

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details