• Solana is a modern blockchain that 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.
Solana Price Prediction
Solana is one of the newer Blockchains but has gained mainstream acceptance within a short time. This open-source project was built by Solana Labs in San Francisco and run by the Geneva-based Solana Foundation. It was designed to host scalable and decentralized apps and its unique features include its speed which is faster than most cryptos and low transaction fees compared to rival projects like Ethereum. At the time of writing this article, it is selling for $20.80 according to Coinmarketcap with Coincodex predicting bearishness in first few months of the year before we start seeing green candles.
Why Pikamoon Will Pump Faster Than Solana
Pikamoon is another cryptocurrency on the horizon for investors and analysts expect it to pump faster this year than Solana. It could be due to several factors including its potential for scalability, its low transaction costs and its ability to provide network security through proof-of-stake consensus mechanisms among other features.
Advantages of Using Blockchain Technology
Blockchain technology provides several benefits over traditional networks such as decentralization, immutability, transparency and trustworthiness among many others. These features make it ideal for applications such as financial services where there are concerns about data privacy or fraud prevention measures among other issues which can be addressed through blockchain solutions.
Solana has had an impressive run so far but investors must tread carefully given that 2020 saw bearishness in the crypto market overall. However, things are looking up for this project with predictions suggesting bullishness from mid-year onwards while Pikamoon promises even higher pumps during the same period based on its potential for scalability and other attractive features mentioned above.