Scaramucci praises Solana as ‘one of the big winners’ of tokenization

Solana gained momentum midweek after SkyBridge founder Anthony Scaramucci appeared on CNBC and declared blockchain a frontrunner in the race to become the industry standard for tokenized assets.

In classic Scaramucci fashion, he used equal parts hype and metaphor to describe this moment, comparing today’s blockchain race to the early cloud wars, when everyone wondered which rough-and-tumble upstart would become the next AWS. Spoiler: There was more than one winner.

Source: CoinGecko

According to Scaramucci, tokenization will drive the next chapter of digital finance as smart contracts move to faster and cheaper blockchain rails. And Solana (SOL) stands out because its architecture borrows proven computing concepts rather than crypto-native experimentation, he says.

That familiarity, he claims, has helped Solana become the go-to platform for builders and a core position for both SkyBridge and his personal portfolio. Scaramucci likened the firm’s early SOL exposure to the firm’s Bitcoin (BTC) strategy about five years ago, when it was ridiculed by critics and financial institutions had yet to invite participation.

And they did. He hopes a similar scenario will happen with Solana, where “everyone said I was fast and then all of a sudden I’m not.”

Will SOL produce a comeback story?

The cryptocurrency has risen above the important Fibonacci retracement level from its previous decline and is trading above the 100-hour simple moving average. The digital asset’s recovery occurred in parallel with gains in other major cryptocurrencies.

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Is Solana rising, a sign of a bullish reversal?

Solana’s technical setup shows increasing bullish momentum with the hourly MACD and RSI above 50, but the token still faces stiff resistance overhead.

Analysts said that while a breakout could open the door for higher price targets, failure to clear short-term resistance could push SOL back to the recently broken trend line and lower the support level.

Scaramucci argues that today’s price could look cheap if SOLANA becomes the core platform for tokenization, but the overall trend remains bearish until SOL closes above $158 and moves above $176.

It’s worth noting that Scaramucci is promoting a book he wrote about Solana called Solana Rising.

read more: Aster token price failed to recover the $1.10 volume resistance, a sign of a dead cat bounce.