Solana has had a repression of price for a long time due to some skeletons in its closet its been recently separated from.
The network is a layer 1 and is incredibly fast with the same kind of versatility and use cases as etherium in a more affordable and faster moving package.
The price increases of late have been the coin returning to a more natural state of price point comparatively for how much support it has gotten from not only large whales and extreme numbers of smaller investors - but from companies such as Visa who look to utilize the speed and reliability of the network, speaking to how it has more literal use case than just about any other crypto currency in existence.
Short term the coin is poised to push well over 100 dollars and probably kick off a bull run that the entire market has been waiting on - the momentum from its continued rise has literally been as much of a driver in price for bitcoin as the ETF news has been - though with Etherium getting some ETF news of its own the rivalry between Sol and Eth has been ignited.
Market dominance is a good metric to look at when determining how much a coin is doing - and Sol has been rising steadily while Eth has been falling off.
All signs in the current market point to Sol makinga large push to take over the #2 spot from etherium within the next 3 years - but it could be sooner if we continue to see as strong a slipping of long term investors moving to Sol. My only regret was that I only had 350 bucks to throw at the project when I found this all out in my research - and in just a few months I am at 1,100 for my investment.
Solana has had a repression of price for a long time due to some skeletons in its closet its been recently separated from.
The network is a layer 1 and is incredibly fast with the same kind of versatility and use cases as etherium in a more affordable and faster moving package.
The price increases of late have been the coin returning to a more natural state of price point comparatively for how much support it has gotten from not only large whales and extreme numbers of smaller investors - but from companies such as Visa who look to utilize the speed and reliability of the network, speaking to how it has more literal use case than just about any other crypto currency in existence.
Short term the coin is poised to push well over 100 dollars and probably kick off a bull run that the entire market has been waiting on - the momentum from its continued rise has literally been as much of a driver in price for bitcoin as the ETF news has been - though with Etherium getting some ETF news of its own the rivalry between Sol and Eth has been ignited.
Market dominance is a good metric to look at when determining how much a coin is doing - and Sol has been rising steadily while Eth has been falling off.
All signs in the current market point to Sol makinga large push to take over the #2 spot from etherium within the next 3 years - but it could be sooner if we continue to see as strong a slipping of long term investors moving to Sol. My only regret was that I only had 350 bucks to throw at the project when I found this all out in my research - and in just a few months I am at 1,100 for my investment.