{"id":211863,"date":"2022-01-10T20:30:13","date_gmt":"2022-01-10T15:00:13","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=211863"},"modified":"2022-01-10T21:05:03","modified_gmt":"2022-01-10T15:35:03","slug":"analyst-bets-on-solana-calls-ethereum-overly-complicated-expensive-and-awkward","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/analyst-bets-on-solana-calls-ethereum-overly-complicated-expensive-and-awkward\/","title":{"rendered":"Analyst bets on Solana, calls Ethereum ‘overly complicated, expensive, and awkward’"},"content":{"rendered":"

Just like the bloodbath seen across the rest of the crypto-market, Ethereum has also lost<\/a> over 17% of its value in a week. At the time of writing, the coin was hovering close to the $3,165-level.<\/p>\n

Meanwhile, analyst Peter Brandt indicated in a tweet that ETH appeared to be in a bear trend as it was an “overly complicated, expensive, and awkward platform.”<\/p>\n

And, not just that, he added that ETH’s bear trend against SOL is completely warranted.<\/p>\n

Needless to say, many in the Ethereum community disagreed with the same. However, a Twitter user with the handle name Satoshi Friends presented a contrary point of view.<\/p>\n

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No, @PeterLBrandt<\/a>, you simply either do not know, or you are deliberately ignoring the issue related to the fact that almost all of the $SOL<\/a> (>95%) emission is bought by funds (@AlamedaResearch<\/a> & Co) at 4-20 cents and manipulated to sell on the highs.<\/p>\n

— Satoshi Friends (@slezisatoshi) January 8, 2022<\/a><\/p><\/blockquote>\n