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Home Cryptocurrency News

Mike Tyson Is Betting Big on Solana Cryptocurrency

Fred Fulton by Fred Fulton
January 17, 2022
in Cryptocurrency News
0
Mike Tyson Is Betting Big on Solana Cryptocurrency

Mike Tyson, one of the greatest heavyweight boxers in the world, is quite active in the space of cryptocurrency. In the latest development, the boxer, who is also known by his nickname Iron Mike, has asked his 5.7 million followers on Twitter about the price projection of the Solana (SOL) cryptocurrency. Asking this question with his tweet on Saturday, Tyson got 2.4k comments as a reply to his query though none of the answers had been able to provide serious analysis about the future of cryptocurrency and its price projections. 

 Tyson’s love and affinity for digital currencies are not new. He had been a follower of the cryptocurrencies segment for quite a long time now. In the past, too, Tyson had asked his followers to choose between Bitcoin and Ethereum. Later on, he shifted his preference between Solana and Ethereum. In the month of September last year, Tyson tweeted and asked his followers to choose between Solana and Ethereum.  

In terms of market capitalization, Solana is the 5th largest cryptocurrency, with the total value pegged at around $47 billion, as per the data of Bitcoin.com Markets. The current valuation of the coin is around $149.84, and in terms of growth, it has registered an exponential gain of 4,495% over the year, but in monthly comparison, the coin is down by more than 15%. 

Tyson has also got his own exclusive NFT collection on the NFT buying and selling market platform, OpenSea. The collection was launched by the Boxer on the platform in the month of August last year, and for this launch, Tyson collaborated with Cory Van Lew. The entire collection celebrates the iconic life of the legendary boxer and traces the legacy of one of the greatest Boxers in the history of humankind.

The involvement of Tyson in cryptocurrency and NFT domains is very beneficial for the industry. This is because Tweets from one of the greatest boxers in history will help the industry not only to attract fans and followers to segment but also a wider group of audiences for the adoption of cryptocurrency in the current situation. As far as the price projections of Solana are concerned, the cryptocurrency has remained a strong performer despite not having a very positive performance in the last month. Still, the long-term prospects of the cryptocurrency are very bullish as the basics related to the cryptocurrency seem to be intact. It will be interesting to witness how the prices of Solana cryptocurrency will take off from here as the hype and euphoria around the digital coin is sure to get increase thanks to specific tweets from Mike Tyson. If you’d like to check out the Solana price prediction and t know more about its future price, click here.

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Fred Fulton

Fred Fulton

Fred Fulton holds 10+ years of experience in news writing, and he recently joined BitcoinNewsUpdates as a news editor. His writing and analytical skills are very sharp, and he always tries to cover all the necessary information in the articles, which helps the reader a lot.

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