Solana and longo value run out of cryptocurrency

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When you are bundled up and holed up to withstand the elements and souvrevere the winter of cryptocurrencies, it is not the time to focus on the most speculative cryptocurrencies with consistent cases of use. In this context, I am looking to increase my positions in some of the more stable projects among the various asset classes that have what it takes to survey the bear market and thrive when it is finished. I want to invest in cryptocurrencies that people actually use and have ample funding in their coffers. A prime example Solana: when a project with utility and Solana’s user base down nearly 80% from the prevenant year, there is no need to speculate latitude on the risk curve when you can buy this flagship cryptocurrency at a discounted price.

The network continued to expand

Solana has more than 1,800 validators, most of the time a person wearing Solana attends a good sign for the health of the Solana ecosystem. This total surpasses that of other popular blockchains such as Avalanche, Polkadot and Cosmos, behind only Ethereum in terms of proof-of-stake blockchain. According to the cryptoanalytic company Messari, in the second quarter of 2022 the media count of individual payers (single accounts that pay for one or more transactions per day) was around 320,000.

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The fact that Solana Labs is developing their own mobile phone testifies to the strength and depth of Solana’s development team. Few other cryptocurrencies have the resources to undertake a project of this magnitude. And many Solana executives, including co-founder Anatoly Yakovenko, hail from Qualcomm, which makes mobile phone chips, because they believe they are in a unique position to bring this project to fruition. Solana Mobile offers the phone, dubbed Saga, will be marketed in early 2023.

It can overcome the crypto winter without too many problems

With the constant support of venture capital, Solana has enough capital to face the winter and develop new projects. On the spur of the moment, with much of the cryptocurrency market betting on Sciogliendo, Solana Ventures and the Solana Foundation have launched a new $ 100 million fund to invest capital in South Korean start-up Web3, with a particular focus on games. all DeFi Tokens are not fungible.

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Solana has the necessary funds, a talented team and a consistent experience base from a non-solo investigation, my cane thriving during the cryptocurrency winter.

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