Bons Makes a Point
In a recent tweet, the founder of CyberCapital, Justin Bons, shares that blockchain Cardano ($ADA), and Algorand ($ALGO) should follow Solana’s ($SOL) example and not criticize it.
High Bot Activity
According to Bons, bots’ active participation in the network provides liquidity, high network usage, and is indicative of a healthy ecosystem. He suggests that low transaction fees should be encouraged, no matter the activity, as long as it generates fees and benefits the network. He compared bot activity in the blockchain to bot activity in the stock market, which is beneficial.
Challenges for Solana
The Solana network has faced challenges, with its 11th major outage and increasing security vulnerabilities, raising concerns about high bot activity. Solana’s price surged over 300% in the past year and is experiencing growing adoption despite the challenges it faces.
Cardano’s Potential
Popular crypto analyst believes that Cardano could see a $3 high and potentially reach the $8 mark in 2025 if its price behavior mimics that of 2020.
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