Solana’s Status and Future Amid Challenges and Loss of Institutional Investors

During the bull season of 2021, cryptocurrency investors reaped massive gains from their early investments. Many altcoins have increased in value by tens of times from their 2020 lows, reaching historical highs in 2021. Ethereum‘s favorite competitor, who targeted $500 back then, significantly melted because of losing its institutional investors. So what now? Current Status of Solana (SOL) Despite facing numerous network interruptions, bridging of leading NFTs to other networks, and loss of institutional investors, Solana manages to stay afloat. High speed and low transaction fees will continue to be a requirement for users in the future. In this respect, Solana has a significant advantage and manages to attract users to its network despite all the adversity. Recent data from Artemis indicates that the number of new contracts launched on Solana is increasing rapidly. Since the beginning of 2023, active contracts on the network have peaked. This signifies significant growth […] The post Solana’s Status and Future Amid Challenges and Loss of Institutional Investors appeared first on COINTURK NEWS.