Bitcoin: On “The Crypto Show,” which aired on May 18, Fool writer Travis Hoium answered questions posed to him about cryptocurrencies. The expert shares that he does not have Bitcoin (BTC) and why he closely monitors 2 altcoin projects.
- 1 Travis Hoium: I don’t have Bitcoin (BTC), I’m buying these 2 altcoin projects
- 2 Solana comes to the fore with network cuts
- 3 Share this:
Travis Hoium: I don’t have Bitcoin (BTC), I’m buying these 2 altcoin projects
Travis Hoium is a seasoned finance writer and writes about the solar industry, renewable energy and gaming stocks, among other fields. He told in the interview that he is currently only investing in Ethereum (ETH) and Solana (SOL). Hoium makes a different argument for Bitcoin:
Would we mind adding to Ethereum, Solana? These are the two I have. I don’t have any Bitcoin. I think the best argument for bitcoin is gold, and that’s not something I normally understand or invest in.
Solana (SOL), the 9th largest cryptocurrency by market cap, has become one of the most popular GameFi and win-to-play networks, given Ethereum’s network bottlenecks. The Solana network also hosts many popular NFT collections. On this matter, Travis Hoium says that despite a major fix, NFTs can bounce back:
This has been a major pullback as I am bullish on Ethereum and Solana and mostly own NFTs. What tends to happen is that the market will fall, the value of NFTs in crypto terms will rise at least a little. That blunts the blow for me from a valuation perspective, not saying it’s good when the crypto market drops, but I think I’d be comfortable adding both at this point because of what we’ve talked about. Construction is ongoing on both of these blockchains and, in my opinion, with some or at least some of the best projects in the NFT space. That’s my thoughts on this right now.
Against all odds, however, it’s worth noting that Solana has been struggling with network outages for a while.
Solana comes to the fore with network cuts
AmkNews.com As we covered in the news, the network was temporarily suspended due to a block generation error in the Solana main beta. To fix the outage, Solana volidators had to reboot as per the instructions shared by the Twitter handle. The outage lasted more than 4 hours. Meanwhile, the SOL price dropped over 12%.
Solana (SOL) is the native and utility cryptocurrency for the Solana network. Launched in March 2020, SOL is used for value transfer on the Blockchain. It also ensures the security of Blockchain through staking. At the time of writing, Solana is trading at $38.82, down 8% in the last 24 hours.
Disclaimer: The articles and articles on AmkNews do not constitute investment advice. AmkNews.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is AmkNews an investment advisor. For this reason, AmkNews and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of AmkNews and quoting by giving a link is subject to the permission of AmkNews. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of AmkNews in violation of intellectual property law and relevant legislation.