Solana has had an amazing past 2 years as it has become one of the fastest growing altcoins; In 2022, we see them doing what many tokens could not and will not be able to do.
Few of them fall into the same category as Solana, so let’s look at what is taken here as a sign, and what could be seen in the future.
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Briefing on Solana and its growth during 2021…
Solana is, in short, a public blockchain platform. Achieves consensus using the share proof mechanism. Its internal cryptocurrency designation is SOL. In 2021, Bloomberg journalist Joanna Ossinger described Solana as “a potential long-term rival to Ethereum,” citing superior transaction speeds and lower associated costs.
Last year was a pretty good year for Solana ($ SOL) as many early investors saw more than 45,000% gains in 2021 – making Solana one of the top 10 cryptocurrencies. Altcoins had a year of prosperity, and Solana was no exception. The project has a unique blockchain that uses ‘proof-of-stake’ along with ‘proof-of-history’. This means that transactions are processed in order, resulting in very fast transactions with very low costs.
SOLANA hit a 10% drop this past week. SOL-USD on TradingView.com
Solana was also on the front pages with Vis as they prepare to launch their Fast Track program. According to a press release in recent months, Zebec is the first Solana-based project to be accepted into the Visa program, which has supported companies such as Stripe, Chime and Crypto.com. Here is what Sam Thapaliya, founder and CEO of Zebec Protocol, said about the release:
“By joining Visa’s Fast Track program, exciting Fintechs such as Zebec Protocol gain unprecedented access to Visa experts, technology and resources. From payroll to investments, subscriptions, rewards and more, Zebec completely re-imagines every financial transaction making it programmable and continuous. We are thrilled to have joined Visa to accelerate the process of bringing our innovative payment solutions to millions of customers around the world. ”
Good And Evil ..
Many investors are excited when they see what Solana brings to the table, because recent studies show that a study of 30 random crypto token holders, 10 held Solana’s token instead of larger coins.
Despite a large increase in movement during 2021 for many of the biggest names in altcoins, 2022 was difficult for most, if not all, of the best altcoins on the market. SOL’s price hasn’t been kind to bulls lately. Over the past nine trading days, SOL has fallen nearly 30% from a high of nearly $ 205. In addition, sales pressure at the highest levels was nothing compared to the pressure of buying at the lowest levels, which is a sign of hope for the near future.
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