Solana Pay and Open Sea Integration are hailed to be game changers in the Solana Ecosystem. Also, the institutional inflow is also hailed to be a growth factor. All of these are considered to be bullish triggers for the ecosystem, and therefore investors are encouraged to pick up a profitable entry to take advantage of the Solana Bullish Rally.
Open Sea Integration: OpenSea is well known to host NFTs based on Ethereum; however, of late NFTs from SOL are also gaining widespread support, which is expected to contribute to further growth.
Institutional Inflows: The coming in of institutional investors means big bucks flowing in to the Solana blockchain. Solana has become a leading investment product. This also means increased energy usage on-chain and further consequences.
Profitable Entry: Solana (SOL) is expected to trigger another run-up to nearly $136 after a minor retracement. The price of Solana has been up by nearly 26.64% over the past 7 days; however, there is a mild exhaustion seen after the uptrend. If the candle stick trends below 77.61 this can invalidate the bull run. At the time of writing the price has been trending at $123.93.
Solana Vs Bitgert: New competitors are forever popping up. Now it is Bitgert claiming to be superior to Solana. Investors might have to DYOR to cross check reality and competitiveness of Bitgert.
For those who are new to Solana, Solana is hailed to be a game changing cryptocurrency to buy before the next bull run happens. During the ongoing market crash, Solana did fall by 60% from its all time high. When looking among the DeFi platforms, it is one of the competitive platforms with considerable numbers of users.
Solana Pay is the product which is expected to disrupt the financial ecosystem in a big way. While predictions are only approximations, the widespread belief is that Solana will be x 10 returns for those who are going to hold it for the long term.
Most glorious stories of cryptocurrencies are narrated from the point of their best days. For now the May 2021 when the crypto market peaked before it fell down by 50% is a very common reference standard used by supporters to talk about the performance of the SOL. During May 2021, the crypto market peaked and all of them were in agreement about the oncoming inflation and there was a massive sell off and the market crashed. This led to Solana falling down by 60% from its all-time high.
This is not uncommon in the cryptocurrency markets. When there has been a very drastic downtrend, it becomes the time for investors to buy and when the price peaks to ATH – smart investors cash out. This is how profiting from speculation takes place.
So, when the price of SOL is low, it just means it is time to buy. Solana as a smart contract platform supports, user friendly applications which are scalable. The consensus protocol of Solana combines the PoS and PoH where the transactions are documented by time stamps providing for a verifiable order of events – eventually accelerating the confirmation process. The SOL blockchain processes 50,000 transactions per second (TPS) and it is capable of achieving finality in just 13 seconds – the when the transactions are incorporated in the blockchain. When compared to Ethereum – SOL is hailed to be a faster and cheaper solution.
There are more than 1,500 projects on Solana which also includes NFT market places and DeFi Ecosystems.
Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9
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