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Solana (SOL): Cryptos that could be good investments

El_KEl_K Member, Swaye's Wigwam Posts: 1,298 Swaye's Wigwam
edited May 2022 in Tug Tavern
To help those who might want suggestions on cryptos that could be good investments, here is some info on Solana

https://coinmarketcap.com/currencies/solana/

Solana Report Highlights
Solana won’t likely unseat Ethereum or Binance Smart Chain, but it could compete for a leading position in the space;
The team knows where to expand, how to do it, and has plenty of resources to execute its plan;
Although the project’s ecosystem is still small, its rapid growth instills optimism;
SOL held stronger than the rest of the market during the recent market correction.
Solana is a general-purpose smart contract platform that launched its mainnet in 2020 and is now focused on the DeFi space. In 2021, the project started actively working on ecosystem expansion and significantly grew in capitalization.

Even though it entered a saturated market Solana was able to establish a competitive advantage. The project features fast transactions along with a decent user and developer experience.

So far, the team's approach has been professional and efficient. If it does not change, Solana will take one of the leading positions in its space.


Grade B
Jul 15, 2021
Market Opportunity
7.5
Underlying Technology
7.5
Ecosystem Structure
7.3
Core Team
8.0
Token Economics
8.0
Token Performance
7.5
Roadmap Progress
7.0

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