• Solana is a modern blockchain that differs significantly from the Bitcoin network. It makes use of modified cryptographic algorithms to create a fast and scalable blockchain.
• The crypto token that runs on Solana’s blockchain is called Solana (SOLUSD) with the ticker symbol SOL. Unsurprisingly, this crypto has increased by an astronomical 12,000% since 2021.
• At the time of compiling this article, Solana is selling for $20.80 according to data sourced from Coinmarketcap. In addition, Coincodex gives their Solana prediction for this year to be bearish in the first few months of the year before we start seeing green candles.
Since the advent of Blockchain technology in 2009, which gave rise to the first decentralized digital currency – Bitcoin – blockchain tech has grown in leaps and bounds. In the early stages, this novel tech was just a secure computer network used to exchange digital currencies. Presently, it has evolved into an ecosystem where other blockchains are built, maintained, or advanced upon. At the time of writing this article, there are several types of blockchains available for public use and each carries out and stores unique transactions as well as provides several other services which help meet the needs of ever-increasing network users.
Solana Price Prediction
Solana is one of these newer Blockchains but has quickly gained mainstream acceptance due its ability to host scalable and decentralized apps when launched in 2017 by Geneva-based Solana Foundation although it was built by San Francisco’s own Solana Labs. One unique feature that sets it apart from its competitors is its speed which can process more transactions than most cryptos out there today at a much lower transaction fee than rival projects like Ethereum whose crypto token (SOLUSD) also goes by SOL as its ticker symbol on Coinmarketcap with a market cap at one point reaching $66 billion making it world’s 5th largest crypto at some point last year before experiencing 12000% growth since 2021 even though current market trend isn’t exactly positive yet future still looks bright for project with current price being at $20 peaking according Coincodex predictions for 2021 being bearish in first few months before stabilizing later on investors advised exercise caution while trading same coin especially given high volatility associated with cryptomarket overall .
Why Pikamoon Will Pump Faster in 2023
Even though many investors have already set their eyes on investing in cryptocurrencies such as Solanoa , there’s another potential cryptocurrency coming up soon called Pikamoon which experts believe will pump faster within 2023 compared to solanoa . Even thought not much specifics have been revealed about pikamoon yet , early reports suggests that investor should keep an eye out for this new cryptocurrency .
In conclusion , despite current bearishness present within cryptocurrency market , future still looks promising for all forms blockchain based technologies such as solanoa whose crypto token (solusd )has experienced massive growth over past years despite volatility present in crypto space investor should take precaution while investing in them given their risky nature while keeping an eye out new upcoming tokens such pikamoon who experts believes will pump faster during 2023 .