Introduction

One major theme of this cycle has been $ETH lagging behind, while $BTC and $SOL charge ahead in full force. Just today, $SOL punched in new all-time highs for the first time since 2021, even despite the significant amount of supply dilution in the past years. Meanwhile, $BTC is sitting just under the key $100K level, all while becoming fully accepted as a macro asset and garnering attention from the largest asset managers, institutions, and governments in the world.

On the surface, it might seem like $BTC and $SOL optimize for different things, and this statement would mostly be correct. However, there is one project building at the intersection of both; ORE. $ORE creates a $BTC-like asset leveraging a Proof-of-Work (PoW) consensus mechanism, but built on the Solana blockchain. This creates an interesting dynamic where this experiment can leverage both the network effects and mindshare of Solana, while also bringing back some of the initial attractive elements of early $BTC mining.

Source: Kaito.ai | $ORE has recovered significantly, but still remains well below it’s ATH achieved during it’s V1 earlier this year – recent catalysts could give markets the fuel to reprice the token faster