Solana is a decentralized, public blockchain application that has smart contract functions with reliable features. It has its very own cryptocurrency called SOL. It also has an extensive variety of music streaming through non-interchangeable unit data (mainly NFT or Non-Fungible Tokens).
Solana merges a proof-of-stake algorithm of the consensus with its proof-of-history structure, which boosts the speed of the micropayments. It is capable of handling more than 700,000 micro-transactions per second.
Reasons to invest in Solana
Figures show Solana to be among one of the best performing cryptos for the current year. It hit a maximum of $259.96 on November’21. Its market cap shot up too in recent times. It was 0.07 billion USD in December’20, now it is about 36 billion USD.
This blockchain network is one of the top cryptos currently. Its market share in the NFT world has risen sharply. Being a high-speed network of transactions, Solana charges less. This has made it a top competitor for Ethereum.
Fastest Cryptocurrency and Solana Smart Contract
Since its start, it’s been one of the fastest blockchain platforms. It allows 65,000 transactions per second while others provide 15 to 45TPS.
Solana is engineered to support growth and to set up financial systems to work without permission. Its smart contract varies from EVM-based blockchains. EVM contracts merge codes into a single contract to be deployed on a chain. Whereas, Solana, is on read-only mode containing programming logic. It is accessible from external accounts.
Solana Price Prediction 2023
The market of Solana at present is booming. Reports suggest that its price may reach around $350 by December 2023. Some also propose it to cross $400. However, we assert to be careful while pursuing crypto.
Solana Price Prediction 2024
We can find a lot of data about the SOL market. All seems quite positive so it is highly unlikely to lose its market cap or its value. If its upward trend remains unstopped then the price by February-March’24 may reach about $445. Reports about Solana prices witnessing $500 by the end of 2024 are around as well.
Solana Price Prediction 2025
Predictions support it to cross a maximum of $600 if nothing changes. But changes in government policies may regulate its market from around $350-$530 by 2025.
Solana price prediction 2030
As aware of some regulations the US trade currency might be switched to bitcoin by 2030. If the paradigm remains unaltered Solana prices may rise to a minimum of $1000. But by the end of the year, it is expected to cross $2000. Some bizarre and unbelievable predictions expect it to strike $3000.
Top places to buy Solana
Solana is bound to grow in this decade. All facts considered, investing and trading in Solana will be highly remunerative.