Sirwin
Sirwin
Will Solana hit 500$ ? Solana future plans. Short Article about it.

Will SOLANA hit 500$ ? Will it go 100% in next 5 months

By cybercrypto | YourFinonymous | 11 Nov 2021


So Solana coin has been really bullish since Facebook has announced its metaverse.

 

 

Solana Branding | Solana: Build crypto apps that scale

 

 
 
Many of people are assuming it will boom after the this meta verse thing cause they are also developing something called Break Point.

Since then Solana rate has been booming. It was around 100$ in September  now it is around 237$. Freaking Double the price those who have taken the opportunity must have made some good gains.

So it has been gone up around 237$ and its not stopping right now.

 

So main reason Solana was created to solve the problem of Etherium.

If you dont know etherium got a gas fees which insanely high. It is around nearly 30-40$

Most of them say it low who are rich but for us it extremely high.

To solve this issue solana was created which has very negligible fees, and time taken for transaction is very very less.

So many of them believe Solana could a next big hit in the Long Term.

The thing is Solana came up with a new model called proof of history which basically stores

the part of transaction made which reduces time in next transaction. It can handle 10x times

of what etherium would take time to create blocks which now and will work on Proof of Stake model

Proof of History: the consensus algorithm for blockchain time  synchronisation

Another reason Solana getting popular is a lot of crypto's and NFT are coming on SOLANA.

A lot of NFTs are coming on "Solana Art" where you can connect your wallet and buy and sell nft's.

Many people are staking solana and also farming which is basically lending out money and it gives you good interest.

So just after facebook meta verse solana has announced an event called break-point in Portugal where they are going to reveal about future of solana. It will be great to see.

 So in my view solana going to hit 500$ very soon in these coming months. It has got good fundamentals and great plans ahead.

What You Should Know About Proof Of History - ox-currencies

Again guys this is not a buying recommendation and crypto market is very volatile invest carefully.

 

Thank You

Cybercrypto

 

 

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cybercrypto
cybercrypto

Crypto Enthusiast | Blogger | Cook | Philosopher |


YourFinonymous
YourFinonymous

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