Solana Price Prediction
– TIMESTAMPS –
0:00 Intro
1:55 Solana Recap
4:14 SOL Updated Tokenomics
7:08 Solana Updates
9:52 SOL Price Analysis
12:31 Solana Ecosystem
15:14 Conclusion
👨🏫Solana Recap👨🏫
Solana was created by Solana Labs, which was founded in late 2017 by a team of senior software engineers in San Francisco. Proof of history makes it possible for Solana validators to cram as many transactions as they can into a block since they can be easily sorted out and verified by other validator nodes later using timestamps.
When you combine this feature with Solana’s block time of 400 milliseconds, you get a blockchain that can process over 50 thousand transactions per second.
💱SOL Updated Tokenomics 💱
100 percent of all SOL used to pay for transaction fees are burned. Solana’s updated documentation reveals that this will cut to 50 percent at some point, with the other 50 percent going to validators.
SOL inflation began in February at 8%, and this 8 percent inflation rate will be cut by 15 percent per year until SOL’s annual inflation hits 1.5%.
This is projected to occur sometime in early 2031. Solana’s documentation also notes that the Solana Foundation will earn inflationary rewards as well, though it is not entirely clear if this will add to the current inflation schedule.
📰Solana Updates📰
In late October 2020, Circle partnered with Solana to launch its USDC stablecoin on the Solana blockchain. A few days later, Audius announced that they would be migrating their decentralized streaming protocol from Ethereum to Solana.
By the end of 2020, there were over 100 projects building on Solana sustained by a network of over 350 validators processing the transactions from 5 million unique wallet addresses. There are now 250 projects building on Solana, which is insane considering there were just 100 at the start of the year.
📈SOL Price Analysis📈
SOL has gone up more than 20x since the start of the year. This is actually quite surprising when you recall the aggressive vesting schedule of SOL’s initial supply. SOL’s parabolic run seems to have been cut at the 45-dollar range, which is roughly where all early investors would be in a 200x profit, even the run-of-the-mill retail investors from the public ICO. Popping open the price charts reveals SOL might be entering a phase of consolidation that could last a few days or more.
This is forming a descending triangle pattern. Because we are in a long-term uptrend, it is likely that we will snap back and retest SOL’s all-time high of roughly 50 dollars when the triangle breaks.
🤝Solana Ecosystem🤝
Given how quickly Solana’s ecosystem is growing, my suspicion is that Solana’s technical development has been less of a priority. After all, adoption is everything in the cryptocurrency space and Solana has a lot of catching up to do if it wants to spar with the likes of Ethereum and Polkadot.
Luckily for Solana, it has strong support from two very big players in the cryptocurrency space: the FTX exchange and Alameda Research.
Alameda Research shelled out over 90 million dollars on just two projects that are building on Solana. The first is called Maps.me, an offline map and travel app with over 140 million users. The second is called Oxygen, a DeFi lending protocol that will provide additional infrastructure for Maps.me. FTX and Alameda hope this will serve as a catalyst for the adoption of their Serum project.
► CRYPTO TOOLS & RESOURCES ◄
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Cryptocurrency Exchanges:
► BlockFi Exchange:
Earn up to 8.6% APY on crypto with the BlockFi Interest Account, take out fast and secure USD loans on your crypto, and buy and sell different currencies on this no-fee trading platform.
Sign up using the following link and you will earn $10 in BTC after making a min deposit of $100 into your BlockFi Interest Account (BIA).
https://blockfi.com/?ref=8196c8ae
► Changelly Exchange:
For buying or trading one cryptocurrency with another cryptocurrency:
https://changelly.com/?ref_id=nMo94rePnVfrug0R
For buying Cryptocurrency with Fiat Money using Bank Card:
https://changelly.com/buy?ref_id=nMo94rePnVfrug0R
► Kucoin Exchange:
https://www.kucoin.com/ucenter/signup?rcode=rJGK1VM
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
► Trade Cryptocurrency Derivatives on Bybit Derivative Exchange:
https://partner.bybit.com/b/Crypto$
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
► Automated Trading Made Easy with Coinrule:
http://bit.ly/automated_trading_with_Coinrule
As more and more retail investors start buying and selling crypto, they continuously are looking for more automated solutions to assist in their trading. CoinRule is a platform that allows you to build automated trading solutions with no coding required.
Coinrule lets you automate your investments across platforms to protect your funds and catch the next market opportunity. It offers the best-in-class User Experience for Automated Trading for Cryptocurrency Exchanges like Binance, Binance Futures, Coinbase Pro, Kraken, and many others.
You can select from over 150 rules such as stop loss, trend rebalancing, daily top performance, and more.
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
► Buy Hardware Wallet:
Ledger Crypto Starter Pack: https://shop.ledger.com/products/crypto-starter-pack?r=eee8629af7c5
Ledger Nano X: https://shop.ledger.com/products/ledger-nano-x?r=eee8629af7c5
Trezor Hardware Wallets:
https://bit.ly/GetTrezorHardwareWallet
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
► Get Billfodl: https://bit.ly/Get-Indestructible-Billfodl
What Is a Billfodl?
The Billfodl is a small, wallet sized stainless steel enclosure designed to house any kind of crypto private key or recovery seed you may need to protect from physical threats of destruction. With the Billfodl, you don’t need fancy stamping sets or hammers. Instead we provide a randomized set of character tiles, laser engraved for maximum readability and ease of installation.
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
► Best Crypto Tax Software (Get 10% discount):
http://cryptotrader.tax/?fpr=valuevaults (Promo Code: CRYPTOTAX10)
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
For more Cryptocurrency News & Tips:
BITCOIN PRICE PREDICTION – WILL HIT $250K!
Greatest Ethereum Price Prediction of 2021!
Dogecoin Value to the Moon and Back! (May 10, 2021)
BIG ELROND PRICE PREDICTION (Hashoshi Interview)
CARDANO PRICE PREDICTION! EXPERT BENJAMIN COWEN EXPLAINS
Elon Musk’s Secret Plans for Increasing Dogecoin Value?!
Elon Musk to Pump the Dogecoin Value on SNL?!
Dogecoin Value Blasting to $5 in 2021?
Chainlink Price Prediction – $1000 Possible?!
Best Altcoins 2021 – 5X Altcoins Are Everywhere – Get Rich With Crypto!
TOP ALTCOINs 2021 That Will SIZZLE To The MOON
LAST CHANCE to Become a Cryptocurrency Millionaire in 2021?!
Find out How You Can Become the Next Bitcoin Era Millionaire
Disclaimer: We are not a financial advisor. We do not provide tax, legal, or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
This site is reader-supported – if you make any purchase or subscription via some of the links which are affiliate links, we may be compensated with commissions, at no extra cost to you. Thank you.
