Solana (SOL) Founder Warns Small Altcoins: “Always Prepare for a Crash”

Solana Labs co-founder Anatoly Yakovenko shared an important piece of advice for founders of cryptocurrency projects in a statement he made on social media. Yakovenko said that it is necessary to be prepared for possible sharp market declines and that it would be beneficial to conduct a “pre-rehearsal” every quarter. Yakovenko said these rehearsals should focus on scenarios such as a 95% market crash. He suggested founders ask three key questions: Which products should be focused on in such a downturn? What competencies should a core team have? Are there sufficient cash reserves to sustain operations for 18 months before the market recovers? Related News: Analysis Company Shares New Price Prediction for Bitcoin: “It Could Turn Around Here in the Short Term” In addition, Yakovenko said that statements that Solana had achieved significant victories in the market were damaging the ecosystem, and that the cryptocurrency still had a lot of work to do. The price of SOL has increased by 5% in the last week and is trading at $175 at the time of writing. In the last month, there has been a significant increase of 17%. *This is not investment advice. Continue Reading: Solana (SOL) Founder Warns Small Altcoins: “Always Prepare for a Crash”

Source: BitcoinSistemi