Max Korpusov

Solana (SOL) 2023 investing perspectives

Solana is a highly functional open source project that is based on the blockchain technology to provide smart DeFi solutions. The project was officially launched in March 2020 by the Solana Foundation. The Solana protocol is designed to facilitate DApp creation. It aims to improve scalability particularly through the implementation of Proof-of-History (PoH) consensus and Proof-of-Stake (PoS) consensus. The PoH feature enhances the speed of blockchains by recording past events and producing verifiable proof of time. PoS ensures that the network is decentralized, secure, and offers incentives. The combination of these two features makes Solana one of the fastest blockchain networks currently available.
The Solana network can efficiently handle approximately 65,000 transactions per second with each transaction executing in less than a second.

Benefits Offered by Solana

Solana network has some features that make it attractive for potential investors:
  • Solana provides low transaction costs, making it an efficient choice for implementing various dApps.
  • Additionally, its fast transaction speeds enable traders to save money on fees.
  • Moreover, with its efficient and scalable system both institutional and small-time traders can swiftly adopt Solana as their preferred platform.
The impressive growth within Solanas's ecosystem has caught the attention of investors and developers alike. As a result, this platform is gaining traction faster than its competitors.

Growing Ecosystem of Solana

Despite being relatively new in the market Solana has experienced exceptional growth within its ecosystem. Developers are increasingly building on this platform while investors are actively investing in it.
This growth exceeds that seen with Ethereum during its early stages - illustrating the vast potential of the Solana platform. Such rapid expansion promises to improve the overall blockchain industry and unlock numerous possibilities.

Solana's Environmentally-Friendly Approach

As cryptocurrency adoption and blockchain technology usage continue to rise, energy consumption has become a concern. For instance, Bitcoin alone consumes more energy than Argentina does within a year! However, Solana adopts an environmentally conscious approach by incorporating green mining as one of its core principles.
Unlike other blockchain networks that rely on the energy-intensive Proof-of-Work consensus, Proof-of-Stake consensus that is used by Solana blockchain significantly reduces energy consumption. Consequently this eco-friendly alternative attracts environmentally conscious investors seeking to invest in cryptocurrencies.

Solana: Performance Assessment and Prospects

Despite challenges faced by various cryptocurrencies within the recent bear market, Solana has managed to uphold a favorable position based on market capitalization rankings. As of now the current market value for Solana stands at $21.83 with approximately 402 million SOL tokens circulating in the market.
Moreover, what adds significance to these statistics is how favorably the value of Solana token has been trending upward through most of 2023.
Significant attention is given to Solanas' technical analysis by industry experts signaling a bullish outlook for cryptocurrency in the near future. This optimistic projection evokes excitement among investors who anticipate greater long-term profitability.
When discussing the future price movement of Solana it becomes evident that industry professionals collectively recognize its exceptional growth potential and undervaluation within the current market landscape. Forecasts indicate that throughout 2023 SOL price will experience significant surges beyond initial expectations while continuing on a consistent upward trajectory over an extended period.

How to buy Solana (SOL) using Debit or Credit Card?

You need to find a trustworthy platform that makes your crypto journey secure and convenient. The simplest platform to buy your first SOL is OTC trading desk. It provides high transaction speed, full confidentiality, an ever-growing list of the most popular cryptocurrencies and 24/7 support.
Let's take FinchPay as an example of OTC trading platform where users can buy and sell crypto assets in 6 steps:
FinchPay Widget Image
Source: FinchPay Website
  • Select SOL in the list of the most popular cryptocurrencies
  • Enter your wallet address and select the payment method
  • Verify your identity (only if your transaction is more than 500 EUR)
  • Enter your bank card details or make a SEPA bank transfer
  • Wait for your transaction to complete


Solanas's positioning as the ninth largest cryptocurrency denoting impressive market capitalization attests to its reliable and effective nature as a blockchain network. Its outstanding transaction speed of 65,000 TPS coupled with minimal transaction costs further assures potential for substantial implementation of dApps while ensuring cost efficiency among traders. Technical analysis confidently reinforces positive market sentiments and remarkable growth prospects for Solana moving forward. The combination of its high market ranking and upward value trend solidifies intuitive awareness regarding an exceptionally bright future ahead – confirming Solana as an asset worthy of inclusion within any crypto portfolio.

This article is not financial advice! Always do your own research before investing.

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