Crypto News

Next Altcoin to Explode by 2022

I’m going to show you the next cryptocurrency that will explode by 2022.

I want to share with you how my research led me to believe the next coin to make a huge splash in crypto is Solana, but before we get into it, let’s go over some important points about Solana.

Solana is an open-source, high-performance, decentralized blockchain for trustless transactions.
It was designed from the ground up to be able to achieve 710K TPS and 400ms Block Times using a Proof of History (PoH) algorithm, a Proof of Stake (PoS) algorithm with a novel system known as Proof of Caring (PoC), and a complex system to distribute the workload.
The blockchain is designed specifically for use cases developing applications or running dApps in a web-scale environment where it is needed to support many dApps simultaneously and handle a large number of transactions.
For dApps to succeed, they need several properties: high scalability, fast transaction times, and a secure network. Solana looks to have all the kinks worked out with its novel Proof of History algorithm, Proof of Staking, PoC (Proof of Caring), and the ability to handle extremely high transaction throughput.

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Solana is the future of cryptocurrency, according to experts, because it can conduct transactions much faster and for a lot less money than any other option, including Ethereum. Investors are turning to Solana and other alternatives as to the Ethereum network Conjunction, making the network unusable.

next altcoin to explode

“We saw a huge spike in the price of Solana in the last few months and do not doubt that it has a bright future. Solana is just a 1-year-old coin, and it was launched in 2020 with a starting price of $0.77.” It is currently trading between $200 to $250 with a market cap of approximately 70 Billion dollars.
That’s a gain of 46712.36 percent in value, which is crazy. Solana transactions are 20 times faster than VISA and 100 times quicker than Ethereum transactions. Solana’s Proof-of-History gives it an edge over Ethereum because of its greater scalability. This makes Solana one of the most anticipated cryptocurrencies for future success.
Solana coin price has significant room for growth since it is a very young blockchain. According to our analysis experts, If we look at the 24-hour trading chart of SOL, we can see a downtrend. However, the price of SOL has found support at $195 and bounced back sharply from there. This is a huge positive divergence and signals a strong rally in the near future. Solana’s charts indicate that bullish momentum is likely to continue through 2022 because it has broken out from key resistance levels.
The first resistance is near the 50-day SMA at $255. Above this, the next resistance level is close to the downtrend line and the 100-day SMA at $290. A break above this will open up an upside toward its all-time high at $386.78.
As far as the question of Solana’s long-term potential, the SOL price can reach $1000 by 2022.

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As always this is not financial advice. Always DYOR. This is just my opinion based on my research.

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