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The Legend of Solana. A year of success that never ends | by Muhammed El-Maraghy | The Capital | Nov, 2024

J_News by J_News
November 10, 2024
in Crypto Technical Analysis, Top News
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The Legend of Solana. A year of success that never ends | by Muhammed El-Maraghy | The Capital | Nov, 2024
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A year of success that never ends

The Capital

The 380% increase in Solana $SOL in one year made its story truly remarkable, and everybody talks about it.

This chart is amazing, with significant growth of your assets if you invest in Solana.

If you invested 200 USD in $SOL one year ago, that means you have 760 USD now. An excellent investment to buy a new iPhone for 200 USD.

Solana, launched in 2020 by the Ukrainian Anatoly Yakovenko, a former Qualcomm engineer, Solana aimed to solve the common blockchain issues of high fees and slow transaction times, which plagued older networks like Bitcoin and Ethereum.

Anatoly Yakovenko in the middle of the picture.

Solana gained attention through its high-performance blockchain capable of processing thousands of transactions per second while Ethereum faced scalability issues and high gas fees. Solana gained the opportunity to become the favorite network for many.

In 2021, as DeFi and NFT applications gained traction, Solana saw explosive growth. Major projects like Serum, a decentralized exchange, and the popular NFT collection…



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