Solana (SOL) $SOL

Solana was built for high-speed & high-volume transactions

Solana is designed for high-speed and high-volume transactions. It provides a more scalable and efficient alternative to other blockchain networks, making it well-suited for applications that require fast and frequent transactions. There was a time when it was considered the best crypto for staking.

Solana suffered a lot due to its connection to Sam Bankman-Fried, the fraudulent founder of FTX and proponent of the blockchain. 

If the project manages to rid itself of some remaining technical hurdles and deliver on their promise of great usability (e.g. with their own smartphone), SOL could rise back like a phoenix. 

Market Capitalization: High

Trading Volume: HighLiquidity: High

Use Case/Adoption: Great (the high speed of Solana makes it the best solution for many use cases which led to strong adoption in a very short period of time)

Tokenomics: Medium (with an initial inflation rate of 8% scaling down to 1,5% the tokenomics are not favorable, but also not too bad)

Development Team: Medium (it remains to be seen if the big issues of Solanas unique consensus algorithm can be fixed in the future)

Community Support: Great

Security & Transparency: Bad (due to the high resource cost needed to run a Solana node, the control of the network lies in the hands of few actors, who have high power over it, as seen by multiple chain halts in the past)

Performance: Great

Risk and reward is probably higher than most other top projects.

Do you hodl #SOL ?

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By: #cr7ypto