SOLANA ;a Scalable successor for Ethereum
Build Crypto Apps that Scale
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
What Is🌟 Solana (SOL)🌟?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Say goodbye to high fees and slow confirmations. Solana is built for speed, without trade-offs.
1-Scalable
Solana leverages Proof of History and several other breakthrough innovations to allow the network to scale at the rate of Moore's Law.
2-Low Cost
Never worry about rising fees as your user base grows. Solana is designed to keep fees low for applications with billions of users.
3-Composable
Solana's single global state ensures composability between projects. Never deal with multiple shards or layer 2 systems.
coinmarketcap- solana.com
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✅TECHNICAL ANALYSIS
As you can see in the Weekly time frame for SOL/USDT, the price is trading around 40.46 $ .
Solana has been on the rise since its launch on an uptrend channel. Which can still continue its long-term trend, although it may once again approach the bottom of the bullish channel near the supportive green line and area close to the ema50, and then continue its price action
I think what is certain is its overall bullish trend that hasn't been completed .
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinionand you are responsible for your own trading or investment.💯
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards and being successful ❤️
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
What Is🌟 Solana (SOL)🌟?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Say goodbye to high fees and slow confirmations. Solana is built for speed, without trade-offs.
1-Scalable
Solana leverages Proof of History and several other breakthrough innovations to allow the network to scale at the rate of Moore's Law.
2-Low Cost
Never worry about rising fees as your user base grows. Solana is designed to keep fees low for applications with billions of users.
3-Composable
Solana's single global state ensures composability between projects. Never deal with multiple shards or layer 2 systems.
coinmarketcap- solana.com
------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the Weekly time frame for SOL/USDT, the price is trading around 40.46 $ .
Solana has been on the rise since its launch on an uptrend channel. Which can still continue its long-term trend, although it may once again approach the bottom of the bullish channel near the supportive green line and area close to the ema50, and then continue its price action
I think what is certain is its overall bullish trend that hasn't been completed .
--------------------------------------------------------------------------------------------------------------------
💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinionand you are responsible for your own trading or investment.💯
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards and being successful ❤️
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