Sam Bankman-Fried is one of the most influential people in the crypto industry, he is the 32nd richest billionaire in the US, with a fortune of 22.5 billion USD and entered the Top 10 Crypto Person of the Year 2021. His FTX brand has a very strong coverage in many different countries, especially with an exclusive presence in the field of professional sports.
That is why crypto investors always want to consult his predictions and comments on future market trends. After listing the crypto industry’s focus for 2022, he made his pick for the three most promising blockchains, excluding Bitcoin and Ethereum.
Solana (SOL)
Anyone who follows Sam on social media knows he is a “hard fan” of Solana (SOL). In the past, he has had a relatively harsh attitude towards those who are constantly criticizing and skeptical of SOL, when the coin experienced a period of price stagnation in January 2021.
Up to now, it can be affirmed that Sam’s belief about SOL is completely correct. Solana was voted project of the year with a growth rate of more than 11,000%, at the highest price of $260 set in November.
Avalanche (AVAX)
His second choice is Avalanche (AVAX), founded by Emin Gün Sirer. Regarding the further potential of AVAX, the CEO of FTX made the following brief remarks: “Avalanche is a really great blockchain, the development team knows what are the strengths and weaknesses of the platform, they put a lot of effort into developing AVAX. I think AVAX will help make the world more positive”.
In fact, there is no denying the fact that AVAX has achieved many unexpected successes in 2021. Since the announcement of the new roadmap in mid-June, the platform immediately “transformed” with explosive growth with series of innovations in the area of DeFi, stablecoins, etc., as well as forming strong relationships with major institutional investors in the world.
Wrapped Token
The third representative named by Sam is an interesting unknown. It is not an individual project, but a general category, commonly known by the term ” Wrapped Token”.
Wrapped Tokens are tokens stored on a blockchain, pegged to the asset they represent. This allows users to transfer their tokens from one blockchain to another, extending the utility of the token to work across multiple networks, making money transfers cheaper and easier.
Finally, the FTX CEO noted that Bitcoin’s influence on the overall market is likely to decline in the future, given the lack of flexibility and ubiquity of the Bitcoin blockchain. Even so, he still hopes Bitcoin will always play an important role as a hub of the cryptocurrency ecosystem.
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