Franklin Templeton, one of the largest asset management companies that also issues spot Bitcoin, shared his prediction about the altcoin that has the potential to become the largest cryptocurrency after Bitcoin and Ethereum.
In the note shared by Franklin Templeton, it was emphasized that Solana has the potential to become the third largest cryptocurrency in the crypto market.
In the post shared on
While the post predicted that Solana's growth will continue, it was emphasized that it is in a good position to increase its capital in the next crypto adoption.
Franklin Templeton analysts also talked about the robustness of the Solana network. Solana, which was seriously affected by the collapse of the FTX exchange, which was the largest investor in the network in the past, also had to struggle with network problems. During this period, Solana's local asset, SOL, dropped to $8, but managed to recover quickly thanks to the developers who supported the network.
Developers, who were initially successful in solving network issues, were able to increase the adoption of Solana thanks to the offering of low transaction fees and successful scalability activities. Solana, which also significantly benefited from the memecoin demand that emerged during the recent crypto rise, hosted the development of popular memecoins of recent months such as BONK and WIF in its network.
Sectors that can develop the Solana network
Franklin Templeton also thinks that Solana, in addition to being a network preferred by memecoin developers, can also benefit from other prominent trends in the industry. Among these, it is thought that payment systems and decentralized physical infrastructure (DePIN) projects can contribute to the growth of the Solana network.
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