Solana (SOL) is now the recent hype which creates a huge curiosity among the millions of investors with its exciting developments. At present, all crypto users are planning to invest their assets into Solana for its massive performance in the marketplace. Besides, all investors believe that SOL will overtake Ethereum (ETH) in the near future.
Moreover, Solana is progressing forward offering great deals to the investors and to the entire crypto space. All investors must know when to invest their savings into the crypto assets as the market is always unpredictable. But now, Solana is fast approaching and SOL adoption is remarkable with a market cap of $50 billion.
Why invest in Solana (SOL) ?
Solana is the decentralized Finance (DeFi) token which recently gained the users attention with its innovation in the market. The creative ideas of the developers working behind the Solana network provides the users with unique features and infrastructure. Moreover, SOL’s decentralized applications (Dapps) offer the users fast, safe and secure transactions.
Notably, Solana protocol strengthens the network to provide nearly 50,000 TPS, much faster than ETH network’s 30 per second. Also the Solana network is capable of working with a variety of Dapps on its infrastructure. Thus, these features create a hype among the investors for Solana to become the world’s most popular DeFi network.
Earlier in September, Solana grabbed the title of best Ethereum killer in competition with Cardano. Also proving that SOL is 3,800 times faster than the ETH network. Hence with its significant utility and conduct it will increase its value and reach greater heights in the digital space.
Following, Solana is massively rocking the crypto industry by thrashing the value of other digital assets. Recently, SOL’s continuous rise pushed itself into the top 10 cryptocurrencies with remarkable market cap. Surprisingly, Soalan surpassed XRP, Polkadot, Dogecoin and became the seventh-largest cryptocurrency by market value.
SOL Market Status
According to CoinMarketCap, the Solana (SOL) holds the value of $163.61 with a rise of 15.98% in the last 24-hours. Besides, with a 16.81% increase its current market capitalization is $48 billion with huge trading volume. Also, Solana’s innovative proof-of-history (PoH) will boost its value and usability in the industry very soon.
Thus, with an unique integrated blockchain technology, Solana (SOL) will incredibly fly high in a very short period. With its developments and smart contracts it has attracted millions of investors in a lightning processing time. Hence, it is a good time for all the investors, crypto traders to cash out their assets into the digital currencies.