Why is Solana's price and popularity going up? Should I invest?'
Since Solana can boldly compete with Ethereum, it’s worth considering as a solid investment in 2021.
Why is Solana's Price + Popularity Going Up?
Solana's price and popularity are surging due to its unique blockchain architecture that promotes high performance, low fees, and innovative solutions for decentralized applications (dApps). The blockchain has curated a niche for itself in the crypto space by hosting projects and features that are "Only Possible On Solana." Recent partnerships with payment giants like Visa, the integration of Real World Assets, a thriving gaming ecosystem, and the novel concept of compressed NFTs have contributed significantly to its growing appeal and, by extension, its price.
Key Themes Driving Solana's Price:
High Performance and Low Fees: Solana's fundamental promise of high throughput and low transaction costs.
FireDancer: Firedancer is a next-gen validator client that is expected to take Solana's performance to extreme new heights
Only Possible On Solana: Unique projects that leverage Solana's distinctive features.
Payments + Visa: Visa's integration to facilitate stablecoin settlements.
DePin: Decentralized Physical Infrastructure Networks harnessing Solana's capabilities.
Real World Assets: Tokenization of tangible assets on Solana.
Gaming: The rise of blockchain-based gaming on Solana.
NFT Compression: Innovative compression technology to enhance NFT functionality.
