3 Reasons to Buy Solana In 2022

3 Reasons to Buy Solana In 2022
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Here are the 3 Reason to Buy Solana in 2022

The starting days of 2022 have not been fruitful for the Crypto market. Bitcoin which breached $67,000 in 2021 is trading just over $41,000, Solana, on the other hand, has lost big in the first 10 days of January 2022. Solana at the starting of 2021 was trading just over $3 but by November Solana breached $250. However, since then Solana lost its momentum.

How to Buy Solana: The Easiest Way to Buy Solana

In 2022, Solana has been struggling. Currently the “Ethereum Killer” has been trading between $140-150. Despite trading much below its ATH price of November 2021, Solana has performed better than most of the cryptocurrencies.

Read: Solana Price Prediction

Here are the 3 Reasons to Buy Solana in 2022:

What Is Solana (SOL)? | Binance Academy
  1. Highly Rated Project

Solana since its launch has proved to be one of the best currencies in terms of ROI (Return on Investment). If an investment was made in Solana at the time of launch, the would have gained 64753.4% in profit as of today.

Solana hit its all-time high of $260.0 in November 2021. Two years ago that is in May 2020, Solana was trading just over $0.50. Since then Solana has traveled a long path. The scalability and speed of Solana has been better than Ethereum. If you transaction per second, the Solana is capable of doing 50000 transactions per second while Ethereum struggles between 30-50 transactions per second.NFT marketplaceSolana hit its all-time high of $260.0 in November 2021. Two years ago that is in May 2020, Solana was trading just over $0.50. Since then Solana has traveled a long path. The scalability and speed of Solana has been better than Ethereum. If you transaction per second, the Solana is capable of doing 50000 transactions per second while Ethereum struggles between 30-50 transactions per second.

2. Quick Adoption of Technology

The Solana infrastructure is highly advanced. It houses several projects cutting across dApps, DEXs, DeFi platforms, and automated market makers (AMMs). The latest advancement of Solana has been diving into NFTs (non-fungible tokens) through its NFT marketplace, Solonart. With this latest venture, the NFT investors can now easily buy and sell NFTs through the Solana marketplace.

Apart from this, Solana has over 400 dApps projects on its network which includes Serum, Audius, Raydium, Open Ocean, DeFi Land and others.

3. Less Environmental Impact

Unlike the cryptos like Bitcoin and Ethereum, Solana is highly eco-friendly project. On Solana, there is no need for energy-intensive mining, meaning the network is extremely environmentally efficient. Added to it, Solana which is dubbed as Ethereum Killer has developed a bridge that allows the transfer of assets from Ethereum to Solana easily. This helps reduce the use of Ethereum and thereby helps in creating more eco-friendly environment.

3 Reasons to Buy Solana In 2022: Other Reasons

1. Excellent outperformance during the last few months, outperforming the likes of Ethereum and Cardano

2. Outstanding ecosystem which is focussed on applications for Solana

3. It performs well on many metrics, for example, blockchain speeds

4. Gas fee that is lower than Ethereum

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