Firstly, non of this is financial advice. This is just my personal opinion and my view on Solana.
Solana is one of the fastest blolckchains out there. Solana Blockchain can average over up to 50000 TPS (transactions per second). It's also one of the cheapest ones out there, in terms of gas/transaction fees that are about 0.000005 SOL ($0.001).
How can Solana Network be so fast, so cheap and so secure at the same time? Well Solana uses Proof of Stake and also Proof of History. Proof of Stake gives permit to the Validator to Validate the transactions based on how many tokens they hold. Proof of History allows transactions to be timestamped and verified very quickly.
What else does Solana offers tho?
Solana is easy-to-use for developers. You can see that many NFTs are now created in Solana, because it's easier and cheaper. Buyers dont have to pay $50 dollars fee for a mint, a buy, or a sell. Then can do it for almost free in Solana Marketplaces like MagicEden.
With the uprising of the NFTs, and all the new utilities that NFTs offer, 2022 seems that will be a very good year for Solana.
Solana (SOL) right now is at $115 with a market cap of about $36,000,000,000. Solana (SOL) All Time High was $260.06. In order to beat the all time high we have to expect for an Increase of about 126%.
Do you consider that a long shot for Solana or as people say it "The Ethereum Killer"? Can't wait to hear your thoughts on Solana in the comment section! Let's talk!
