I saw someone asking in the comments why this round of SOL is so strong. Mumu will give you an answer here.
First of all, from a technical point of view, Solana is very fast and processes many transactions quickly. It's like when you go to a bank to do business, one bank has more windows and is efficient, and the other bank has fewer windows and is slow, then everyone will definitely prefer to go to the more efficient bank. Solana is the efficient one, so many developers and project parties are willing to develop applications on it, which requires the use of SOL tokens. With more people using it, it will naturally become stronger. Moreover, it can continue to expand and accommodate more people and transactions in the future. Everyone thinks it has a future and is willing to buy its tokens.
Secondly, from the perspective of its ecosystem, there are many things that can be done on Solana, such as decentralized finance, issuing NFTs, making games, etc. For example, some popular NFT projects are issued on it, just like a shopping mall has many popular stores, which naturally attracts many people to visit and brings in a lot of funds. Moreover, it also cooperates with some large companies and platforms, just like a person who knows many powerful friends, his own fame and influence will also increase.
Finally, some institutional investors have started to buy SOL. Institutions are generally more professional. Their purchase shows that they think this thing is good, which will make others more confident. In addition, many people are applying for Solana's ETF. If this is approved, it will be like opening a more convenient road. More money will flow into SOL, and the price will rise easily.
