Visa Cryptocurrency

A Quick Review And Look Ahead

A Quick Review And Look Ahead
Written by publishing team

Solana has two amazing years of becoming one of the fastest growing altcoins; In 2022 we see how they do what the tokens could not and never will be able to do.

Little falls into the same category as Solana, so let’s take a look at what the token was taken here, and what we might look forward to.

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Brief about Solana and rising during 2021…

Solana in short, is a public blockchain platform. Achieves compatibility using the proof-of-stake mechanism. The internal cryptocurrency indicator is SOL. In 2021, Joanna Osinger, a journalist at Bloomberg, described Solana as a “potential long-term competitor to Ethereum,” citing its superior transaction speeds and associated lower costs.

Last year was a good year for Solana ($SOL) with many early adopters seeing over 45,000% gains in 2021 – propelling Solana to be a top 10 cryptocurrency. Altcoins have had a boom year, and Solana was no exception. The project has a unique blockchain that uses Proof of Stake along with Proof of History. This means that transactions are processed in order, resulting in very fast and very low cost transactions.

      SOLANA hit a 10% drop this past week. SOL-USD on TradingView.com

Solana also made headlines with Visa as they prepared to launch their Fast Track program. According to a press release in recent months, Zebec is the first Solana-based project to be accepted into the Visa program, which supports companies like Stripe, Chime, and Crypto.com. Here’s what Sam Zabalia, founder and CEO of Zebec Protocol had to say about the release:

“By joining the Visa Fast Track Program, exciting fintech companies like Zebec are gaining unprecedented access to Visa’s experts, technologies, and resources. From payroll to investments, subscriptions, rewards, and more, Zebec completely reimagines every financial transaction by making it programmable and continuous.” We are excited to join Visa to accelerate the delivery of innovative payment solutions to millions of users around the world.”

The good and the bad..

Many investors are excited to see what Solana brings to the table, as recent studies have shown that a survey of 30 random crypto-token holders, 10 held the Solana token on larger coins.

Despite the upward movement throughout 2021 for many of the biggest names in altcoins, 2022 was a tough move for most if not all of the top cryptocurrencies in the market. SOL pricing hasn’t been kind to bulls lately. Over the past nine trading days, SOL has fallen by nearly 30% from its high of around $205. With that being said, selling pressure on highs was nothing compared to buying pressure on lows, and this is a sign of hope for the near future.

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