Solana: The cryptocurrency that eliminates the weakness of Ethereum

• Solana is a protocol that is a candidate for the future
• Sol is the native token with a market capitalization of over $ 47 billion $
• the token in seventh place in the top 99.9 % of the asset class
• SOL did much better during the correction of last week than Bitcoin and Ethereum
• burning token or new Smart Contract functions have raised the value of sol

The trade with or the investment in cryptocurrencies can be as if you are racing on a psychotic horse by burning. Just as and ready to be ready to challenge the all -time highs from May and June, the prices went upwards on September 7th and they gave up. Ethereum lost more than Bitcoin, but Bitcoin showed a declining key reversal trade pattern on his daily futures chart on Tuesday, September 7th. The two leading cryptos are now facing lower highs, which is not a zinsbullic technical sign for the asset class.

meanwhile the extraordinary price variance could easily make the price campaign of the past week a flash on the way to new highs. Bulls consider the movement as an opportunity when bears emit, I warned you.

Solana is one of the emerging cryptocurrencies that recently jumped before Dogecoin (). During the recent correction, sol-token Bitcoin and Ethereum exceeded their profile further.

Solana is a protocol that is a candidate for the future

In the world of cryptocurrencies, speed and efficiency are a crucial success factor. Solana claims to be the fastest blockchain in the world and the fastest growing ecosystem in the crypto area, with over four hundred projects that include Defi, NFTS, Web3 and others.

on the Solana website it says: "Powerful for developers. Quick for everyone."

On September 7, Bitcoin, Ethereum and many other cryptocurrencies were strong. Solana exceeded the rest of the field. In an article by CoinTelegraph dated September 9, it was said that a SOL target of $ 500 could be "conservative". "With more than two different NFT project starts and embossing in the ecosystem per day, there is an endless demand for SOL from retail buyers. As a result, the price this week has kept more than 50 % despite a market-wide crash."

Sol is the native token with a market capitalization of over $ 47 billion

On September 14th, the SOL-TOKEN at the level of $ 158.80 with a market capitalization of $ 47.356 billion.

The chart from April 2020 shows the increase of less than 60 cents to a high from $ 191.04 on September 7th. On September 14, Sol was traded at $ 158.80, 16.9 % below the latest maximum.

The token in seventh place in the top 99.9 % of the investment class

On September 14th, a total of 11,875 cryptocurrency tokens floated around in cyberspace. Sol, the seventh cryptocurrency, had a higher market capitalization than 99.94% of its competitors. Sol was a place in the market capitalization hierarchy and one via Polkadot ().

with $ 47.356 billion, the market capitalization of SOL corresponds to 2.25 % of the overall market capitalization of the asset class. Solana rose to a new record high on September 7, 2021, while Bitcoin, Ethereum and many other tokens reach lower maximum.

SOL did much better than Bitcoin and Ethereum

during the correction of last week

The decline from the high of September 7th brought Bitcoin Futures on September 13th to the latest low of $ 43,310, a decrease of $ 18.5%. However, the leading crypto fell 33.9% under his record high of April 14, 2021.

Ethereum-Futures fell from $ 4,056.25 on September 3 to the latest $ 3,110 on September 13th or 23.3%. Ethereum's record high in early May was $ 4,406.50. In the recent low of September 13th, the second crypto had fallen by 29.4%.

Solana (Sol) Bitcoin and Ethereum has exceeded this month and their record highs in April and May since the youngest highs.

Burning token or new Smart Contract functions have raised the value of Sol

Solana 2020 finished $ 1.8421 per token. Sol-token have shot up and offered fantastic returns at the youngest high of over 158 USD per token on September 14th. While the chart on Coinbase (Nasdaq :) marked the record high at $ 191.04, Messari said that the maximum value was $ 214.36. It is difficult to keep up with the fast -moving investment class, as different price data report different platforms. On September 14th, Coinbase Sol listed as seventh token, but Messari had it in sixth place before XPR.

Apart from Solana's speed, efficiency and a variety of projects, it has prioritized Smart Contracts, which are programs stored in the blockchain that are carried out when predetermined conditions are met and automate agreements that offer the result of results. In addition, the market speculated that Solana is burning token, removing available coins from the stocks, increasing the scarcity and increasing the value.

burning token is the opposite measure that governments take when they increase the money supply.

Solana is a blockchain that could fix some of the weaknesses of Ethereum in terms of scalability and high transaction costs. Sol, Dot and Cardano () are a group of cryptos that call some analysts "Ethereum-Killer".

The latest price campaign at SOL is another crypto success story that will continue to drive speculators on the market in search of the next explosive token. If you approach a cryptocurrency from the smallest token to Bitcoin, only invest capital, the loss of which you can afford. The high volatility and uncertainty of the investment class is a perfect example of how the earnings potential is appropriate to the high risk.