Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has called on President-elect Donald Trump to appoint a blockchain advisor in his administration.

The suggestion comes as the newly created Department of Government Efficiency (DOGE) reportedly explores implementing a blockchain-based election system.

Kusama Explains Why Trump Should Hire a Blockchain Advisor

On November 15, Kusama shared concerns about the rumored blockchain election platform reportedly under review by Trump’s team. The rumored system, dubbed “eVote,” is said to involve partnerships with prominent blockchain platforms like Cardano, Hyperledger, Hedera, and X (formerly Twitter). It aims to create a nationwide electronic voting and identity verification solution.

The eVote initiative seeks to combat election fraud by requiring its adoption across all US states. Analysts believe this aligns with Trump’s long-standing emphasis on ensuring election integrity, particularly in light of controversies surrounding past electoral processes.

While the idea has gained traction, Kusama insists that its success depends on integrating Fully Homomorphic Encryption (FHE). This advanced encryption ensures voter data remains secure both on the blockchain and against external threats.

Kusama warned that without FHE, sensitive voter information, such as identities and preferences, could be exposed to decryption attempts by malicious actors. This vulnerability could lead to widespread disruption. He emphasized that encryption must be robust enough to resist quantum computing threats, ensuring both on-chain and off-chain security.

“Without FHE, this concept fails. Here is why. Votes to be protected, not just on chain… encrypted in a way that is quantum proof. Otherwise, bad actor country decodes the votes and publishes wallets & who voted for whom. Chaos ensues,” Kusama explained.

Due to this, the Shiba Inu developer called on Trump to appoint a dedicated blockchain advisor to tackle these challenges. Such an appointment could bridge the gap between technology and public policy.

Notably, industry leaders like Cardano’s founder, Charles Hoskinson, have shown interest in collaborating with government policymakers to develop regulatory clarity and foster blockchain innovation.

If Trump follows through, this move would align with his growing engagement with crypto-focused figures. Recently, he appointed crypto advocates Elon Musk and Vivek Ramaswamy to lead DOGE and nominated Florida Congressman Matt Gaetz, a Bitcoin supporter, as Attorney General. Additionally, Robert F. Kennedy Jr., known for his pro-Bitcoin stance, is set to become the Secretary of Health and Human Services.

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On November 12, Solana’s (SOL) trading volume hit a four-month high of $12.60 billion amid the altcoin’s rally above $200. However, the same volume is now less than half of that, suggesting that Solana bears are ensuring that the price fails to rally toward $300.

But the question remains: Is a SOL rally no longer on the cards? This analysis examines the chances.

Solana Sees Waning Interest, Low Activity

According to Santiment, Solana’s volume is down to $5.72 billion. In the crypto market, trading volume represents the total number of coins or tokens exchanged during a specific period. This key metric offers insights into market activity and liquidity, helping traders assess the strength of price movements and overall interest in a particular asset.

From a price perspective, the increase in volume alongside a rise in a crypto’s market value is a bullish sign. 

However, in this case, the decline while the token trades at $216 suggests that Solana bears are restricting it from rousing higher. Thus, if the volume continues to decline, Solana’s price might also follow a downward trend.

Another metric that affects this is Solana’s active addresses. Active addresses measure the unique wallet addresses involved in sending or receiving funds within a specific timeframe. This metric reflects network activity and user engagement. 

A rise in active addresses often signals increased adoption and usage, which can positively influence a cryptocurrency’s price. Conversely, a decline may indicate waning interest in the network, potentially exerting downward pressure on the price.

According to Glassnode, Solana’s active addresses declined from over 20 million during the last days of October to 17.98 million. If this decrease continues, SOL might not have enough user engagement to support the uptrend.

SOL Price Prediction: Drop Below $200?

On the daily chart, Solana bears pushed the price back as soon as it hit $222.49. This pullback ensures that the altcoin’s hopes of reaching $300 have diminished. As mentioned above, the volume has decreased, which is also validated on the chart. 

If that is the case, Solana’s price could decrease toward the $190.30 level. This will happen if selling pressure increases and SOL bears continue to control the price direction.

On the other hand, an increase in volume accompanied by buying pressure could invalidate this thesis. If that happens, Solana’s price might cross above $225 into the $300 level.