Recently, crypto analyst\/influencer\u00a0Elliot Wainman, the owner\/host of YouTube channel \u201cEllioTrades Crypto\u201d talked to his over 340K subscribers about two L1 blockchain projects: Solana ($SOL) and Kusama ($KSM).<\/p>\n
Wainman said:<\/p>\n
\u201cI wanted to cover Salona here, which is only down 30%. As you can see, over the last you know 30 days or so, we got the big drop here in May, but there\u2019s been just higher lows and higher highs ever since, and it\u2019s trying to bust again through this resistance that was created here by these these bases around, you know, 42 bucks. <\/em><\/p>\n \u201cAgain, a really bullish chart and you can see here that these high quality L1s are really defying gravity here and behaving better than these other alts in the ecosystem, and of course the other one that you know fits that description to a T is Kusama. I mean, look at this Kusama chart. It\u2019s is absolutely incredibly bullish here even after this shocking drop, again down about 30% from its highs. <\/em><\/p>\n \u201cBoth of these charts are moving in a fantastic direction. It shows you that the projects with really strong fundamentals are going to perform differently here and Kusama, of course, has their upcoming parachain auctions this month, which is one of the best tokenomics you could have\u2013just essentially permanently locking, or not permanently but for years on end, locking up huge amounts of the supply. <\/em><\/p>\n