If you have invested $ 1,000 in Solana 5 years ago, here is what you have today

Photo of author

By [email protected]


  • Solana works on the ventilation proving network, which is one of the fastest in the world of encryption.

  • The network has already processes thousands of transactions per second.

  • The technical power of the network has made the house run for investors.

  • 10 shares we love better than Solana ‘

It was launched only about 5.5 years ago, Solana (Crypto: Sol) It is now the sixth largest encrypted currency in the world with the market value of more than $ 96 billion as of July 30.

Many investors see huge potential in the Solana Network. It is one of the few Cross currencies To work on the mechanism of adulthood (POS) to control the network. After realizing the intensity of energy, it has become the encryption system (POW) BitcoinThe largest cryptocurrency in the world, many encryption networks moved to the points of sale.

A person looking for a chart on the computer.
Photo source: Getty Images.

Instead of using the high computing power to solve the puzzle as is the case with POW, POS participates in their icons on the network, then randomly appoints them to verify the authenticity of the new transactions and mint. The higher the number of distinctive symbols, the greater the chance of their choice and the earnings. The most unique, the Solana Network also has a mechanism to prove the date that mainly creates a serial record of transactions, allowing even the fastest transactions on the network.

As a result, the Solana network can process thousands of transactions per second (TPS), but it has theoretical ability to process up to 65000 TPS, if not more. This gives Solana and his network Huge potential To disable the global payment system.

Although it is volatile like most encrypted currencies, Solana was a great winner of investors who bought the distinctive symbol five years ago. The technical power of its network has made Solana one of the few in which investors see a strong use issue.

About five years ago, Solana was traded for only $ 1.73. Today, it is trading for more than $ 179. This is a gain of about 10,264 %. So, if you have invested $ 1,000 in Solana five years ago, you now have $ 103,636! This is simply incredible. Investors are unlikely to find many investments like this in their lives.

Before buying shares in Solana, think about this:

the Motley Adviser is a lie The analyst’s team has just identified what they think 10 best stocks For investors to buy now … Solana was not one of them. The ten shares that made the pieces can produce monster revenues in the coming years.

Look at when Netflix This list was submitted on December 17, 2004 … if you invest $ 1,000 at the time of our recommendation, You will have 624,823 dollars!* Or when Nafidia This list was presented on April 15, 2005 … if you invest $ 1,000 at the time of our recommendation, You will have 1,064,820 dollars!



https://s.yimg.com/ny/api/res/1.2/7SB62BzuyY_2gB29mmM8Mw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02MzM-/https://media.zenfs.com/en/motleyfool.com/3a088d5c078ca7425bac8d87b6478767

Source link

Leave a Comment