💥Jamie Coutts, a cryptocurrency analyst at Real Vision, said that Solana (SOL), a major competitor to Ethereum, has significant upside potential. According to recent data, the number of Solana wallets has skyrocketed in the past three months, with growth rates outpacing other smart contract platforms.
💥What contributes to Solana's growth?
👉Coutts believes that SOL’s recent price correction and positive network metrics have created the foundation for the upcoming explosion. The number of active addresses increased by 276%, while transaction fees decreased by 11.3%. Coutts likened the situation to “a compressed spring”, ready to bounce.
💥Giants Head to Solana
👉Interest in Solana is also bolstered by major payments companies like Stripe, which plans to push USDC payments on the network. “One of the world’s largest payments companies is returning to the crypto market after a six-year hiatus,” Coutts commented, suggesting a strong outlook for layer-1 solutions like Solana.
👉Even if other use cases fail, Coutts believes the demand for stablecoins will maintain value for the network.
👉Currently, SOL is trading around $146.56, up slightly by 0.63% in a day. Coutts emphasized that the increase in network activity is a positive sign for the future of Solana.
Wish everyone successful trading👌
