Let’s explore why Solana’s co-founder believes Ethereum price struggles around $1808 and why it cannot follow XRP’s sentiment-driven strategy for success.

 Solana co-founder Anatoly Yakovenko has recently shared his view on Ethereum (ETH) that it cannot mirror the XRP strategy to achieve success in the current crypto world.

Solana co-founder Anatoly Yakovenko has shared his view on why he thinks Ethereum price struggles to stay above $1,808 and cannot follow XRP’s sentiment-driven strategy for success.

This discussion arose when Omid Malekan, an adjunct professor at Columbia Business School, shared his criticism of the inconsistent way in which Ethereum market trends seem to be lagging.

Malekan highlighted that, despite lack of strong narrative or fundamentals, XRP continues to be highly valued by the market, which is surprising considering a corporation holds a large sum of XRP supply.

“I enjoyed the Chopping Block convo with @TheStalwart but it remains maddening to me how people keep ascribing the underperformance of ETH to poor chain design and falling fundamentals without addressing XRP. Not only is XRP the 3rd most valuable chain with a higher FDV than ETH,…”

To this comment and view, Solana co-founder Yakovenこ had shared his own view that, without being able to accurately model why cryptocurrencies like XRP or Bitcoin have value, it is impossible to recreate their success or effectively compete against them.

“They’re different assets with unique features (eg, strong digital gold meme, good story, strong retail trader community, etc) that your asset apparently doesn’t have. Unique outliers do not mean that these rules apply to everyone. This is just a denial excuse to ignore problems.”

Overall, Yakovenko’s post-conclusion is that the XRP approach is unlikely to be replicated for ETH, as he points out the importance of different fundamentals for each blockchain.

“I see this all the time in Ethereum:BTC/XRP/etc is valuable & they don’t have ‘fundamentals’, so why should ETH need it? It’s illogical & needs to die. Imagine Bezos on an earnings call going "ya GME/AMC stock ripped without earnings, so we don’t need to make $$ either now"”