Solana: A Quick Review And Look Ahead
06 Enero 2022 - 10:02PM
NEWSBTC
Solana has had an amazing past 2 years as it became one of the
fastest growing altcoins; in 2022, we see how they are doing what
many tokens couldn’t and won’t be able to do. Few fall in the same
category as Solana, so let’s take a look at what’s taken the token
here, and what may look ahead. Related Reading | GameStop Turn
To NFTs, Plans To Launch Marketplace Later In The Year Briefing Of
Solana And It’s Rise During 2021… Solana in short, is a public
blockchain platform. It achieves consensus using the proof of stake
mechanism. It’s internal cryptocurrency ticker is SOL. In 2021,
Bloomberg journalist Joanna Ossinger described Solana as “a
potential long-term rival for Ethereum,” citing superior
transaction speeds and lower associated costs. Last year was a
pretty good year for Solana ($SOL) as many early investors saw
upwards of 45,000% gains in 2021 – which propelled Solana to being
a top 10 crypto. Altcoins had a booming year, and Solana was no
exception. The project has a unique blockchain that uses
‘proof-of-stake’ coupled with ‘proof-of-history’. This means
transactions are processed in order, which results in very quick,
very low costs transactions. SOLANA hit a 10% drop this past week.
SOL-USD on TradingView.com Solana also made headlines with Visa as
they get ready launch their Fast Track program. According to a
press release in recent months, Zebec is the first Solana-based
project accepted to the Visa program, which has supported companies
such as Stripe, Chime, and Crypto.com. Here’s what Sam Thapaliya,
founder and CEO of Zebec Protocol, stated regarding the release:
“By joining Visa’s Fast Track program, exciting Fintechs like Zebec
Protocol gain unprecedented access to Visa experts, technology, and
resources. From payroll to investments, subscriptions, rewards and
more, Zebec is completely reimagining every financial transaction
by making it programmable and continuous. We’re thrilled to join
with Visa to accelerate the process of bringing our innovative
payment solutions to millions of users worldwide.” The Good And The
Bad.. Many investors are excited to see what Solana brings to the
table, as recent studies show that a survey of 30 random crypto
token holders, 10 held Solana’s token over bigger coins. Despite
high rising movement throughout 2021 for many of the biggest names
in altcoins, 2022 has been a rough go for most if not all of the
top altcoins on the market. SOL’s price has not been kind to bulls
of late. Over the past nine trading days, SOL has dropped nearly
30% from the high of nearly $205. With that being said, the selling
pressure at the highs was nothing compared to the buying pressure
at the lows, and that is a sign of hope for the near future.
Related Reading | TA: Bitcoin Consolidates Below $45K: What
Could Trigger Another Decline
Solana (COIN:SOLUSD)
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Solana (COIN:SOLUSD)
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