ARK Invest’s former head of cryptocurrency research, Chris Burniske, made waves last week by declaring Solana the top “non-consensus” layer 1 blockchain.
While Solana has seen its share of ups and downs in recent years, the former crypto chief still sees long-term potential.
As traders begin reconsidering their stance on Solana, one alternative project starting to gain traction is TG.Casino (TGC), a blockchain-based crypto casino currently in presale.
Chris Burniske’s comments have reignited interest in Solana as a viable blockchain, potentially setting it up as a better option for developers than the market’s current favourites.
Burniske’s description of Solana as ‘non-consensus’ refers to the fact that SOL is not yet a widely-held top crypto-asset like Ethereum.
Burniske explains that Ethereum was not widely held during the 2018 bear market but is now a consensus top holding.
Solana is in a similar position today as Ethereum was then – not yet widely embraced but still has enormous potential.
Burniske points out that when non-consensus assets like Solana eventually become consensus holdings, money floods in as retail and institutional investors scramble to buy.
He also notes optimistic technical signs, saying the SOL/ETH pair appears ready to finally overcome the level it lost during FTX’s collapse last year.
Given the current undervaluation of Solana, Burniske hints that this presents an excellent opportunity to buy tokens at a discounted rate.
Riding high on Burniske’s comments, Solana has seen impressive gains over the past week, outpacing competitors like Ethereum and Cardano.
SOL has surged 37% since last Monday to around $30.17, propelling Solana to seventh in CoinMarketCap’s list of the world’s largest cryptocurrencies.
Solana is now valued higher than Dogecoin, Toncoin, and Chainlink – signalling a significant shift in sentiment towards the blockchain network.
Data show that much of this rally is driven by Asian investors, with the APAC region demonstrating a significant upward trajectory in cumulative SOL returns relative to the U.S. and EU.
Beyond the token’s price, Solana’s NFT market is also booming, with $1.1 million in sales over the past 24 hours – higher than Polygon, Bitcoin, and Cardano combined.
With strong technical and fundamental tailwinds, Solana appears poised to continue outpacing its competitors and solidify its position as one of the world’s most innovative blockchain projects.
As traders look beyond Solana for the next altcoin with breakout potential, one project that’s capturing attention is TG.Casino and its native TGC token.
TG.Casino is an online crypto casino built on Telegram, allowing users to play hundreds of games and bet on sports anonymously – all within the messaging app’s interface.
The project is already live and seeing significant user growth, with TG.Casino currently offering 25% cashback on all losses sustained by those betting using the TGC token.
TG.Casino’s team is also hosting a presale for TGC, which has already raised over $1.4 million as investor excitement builds.
TGC offers holders rewards on the platform and can be staked to earn yields of 364% per year.
As noted in TG.Casino’s whitepaper, the token also benefits from buybacks and burns, making it deflationary.
The inherent value of these features has attracted major crypto influencers to the project, with Eric Cryptoman joining as an ambassador.
YouTube analysts are also bullish, an example being Michael Wrubel, who revealed that he had invested $1,000 in the TGC presale.
Wrubel highlighted the project’s innovative Telegram integration, deflationary tokenomics, and growth potential in the thriving crypto casino space as crucial factors influencing his buying decision.
As Solana and other altcoins push higher, TGC looks primed as a token ready to ride the wave of enthusiasm rippling through the market.
Prospective investors can buy TGC through the TG.Casino website, with tokens currently priced at $0.1375.
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