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Solana - the public chain most likely to challenge Ethereum

As an upstart in the last bull market, Solana ignited the entire market. Affected by the thunderstorms of FTX and occasional downtime news, Solana fell from the highest point of 259 to 9.6 yuan, almost returning to zero. It can be said that it is not ruthless. In 2023 The year has come back again, soaring from 9.6 to 126 yuan, an increase of nearly 23 times, making him the most eye-catching player in crypto finance last year👍

So does Solana, which currently has a market capitalization of 43 billion, still have room for growth? Let’s analyze it from the following aspects

1 technology

SOL adopts the POH mechanism, a single-chip parallel mode, its TPS is as high as 100,000+, and its actual operating processing capacity has reached 2,000+, which is much higher than ETH and many L2s. The high concurrent processing capacity makes SOL capable of accessing more There are many WEB2 applications, and during the inscription mint craze some time ago, solana is the only public chain that does not get stuck, and its performance is very good;

2. Strong and stable team

Lianchuang Anatoly Yakovenko has a background in Qualcomm and has more than ten years of work experience in high-performance operating systems. He can lead SOL through the technical path of high-concurrency processing;

Three ecology

The ecology on the SOL chain is currently the most prosperous outside of ETH. The Saga mobile phone was launched in January, which successfully attracted global attention. The price of Saga on the eBay secondary market once reached US$5,000, and the DEX transaction volume once exceeded Ethereum. Ecology, JUP, which was launched yesterday, is another large-scale ecological airdrop, and its on-chain ecology is improving in the long term;

four community

The SOL community has been working with consensus. Even when it fell the hardest in 2022, it also created a MEME coin to hype up. SOL will open offline experience stores in the United States, and ecological co-construction work is being carried out both online and offline;

5 Liquidity

As a representative of the next-generation public chain, the current turnover rate exceeds 80%, and the consensus among retail investors and institutions is relatively high.

Operation suggestions

As a regular position configuration for stablecoins, as the ecology continues to emerge, the currency price will continue to push up. However, don’t expect more than ten times the increase in 23 years. Ideally, it will significantly outperform the market in 24 years.

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