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Will patience finally pay off for Chainlink investors?
"Popular whale-wallet tracking platform WhaleStats, in a recent tweet, highlighted that LINK was one of the ‘hot’ picks and has been involved in a host of ”big transactions” of late. The platform’s tweet also noted that Chainlink was not only the ”most traded” token, but was also “on the top most used smart contracts” among the 1000 biggest ETH wallets."
https://watcher.guru/news/will-patience-finally-pay-off-for-chainlink-investors
The success of web browser Brave is a bad sign for Google - here’s why
https://www.techradar.com/news/the-success-of-web-browser-brave-is-a-bad-sign-for-google-heres-why
Crypto Browser Brave Passes 50M Monthly Active Users
https://www.coindesk.com/business/2022/01/05/crypto-browser-brave-passes-50m-monthly-active-users/
You're right.
FET token
"2021 has been a remarkable year for the Fetch.ai (FET) token, increasing by 1056.9%, according to CoinGecko.
Despite the exponential growth of the token, Humayun believes the best is yet to come.
“I don’t believe we’ve even scratched the surface yet,” he expressed.
“If you look at the market cap of Fetch, it’s hugely undervalued, if you put the value of a social media app and a parking project, these are projects that themselves can be worth billions of dollars.”
According to Humayun, mass adoption of these projects must occur first before we begin to see the true value of Fetch and where it needs to be."
https://finance.yahoo.com/news/exclusive-fetch-ai-announce-2022-151128219.html
Just picked some of this this morning. GLTA.
2021 Comparison of Cosmos Atom vs Bitcoin ROI
https://coinlib.io/en/compare/2021-01-01/2021-12-31/ATOM2/BTC
Added about 200% more Tezos in the $4.30s. I think the recent dip(s) make it a bargain for many reasons.
Thanks. It's a no brainer to me.
It's capable of performing the highest demand use cases that ETH does but ten's of times faster and a tiny fraction of one cent per transaction compared to dollars per transaction for ETH.
Use cases e.g. Decentralized finance (DeFi),Security infrastructure, Payments/Smart Contracts, Privacy from third parties, Politics - Voting Capabilities, Decentralized Data Storage, Initial Coin Offerings, NFT Crypto Assets, and so on.
It's basically Ethereum on steroids. Ethereum won't go away because too many cryptos/apps depend on it, but Solana will grow more rapidly IMO.
ETHEREUM MIGHT GET CRUSHED BETWEEN SOLANA AND CARDANO IN 2022
"Solana and Cardano are two amazing ‘Etheruem Killers’ that are in the line to take over its position anytime. Solana has surged more than 17,500% in 2021 alone, outperforming many other cryptocurrencies. It gives heavy competition to Ethereum over the smart contract capabilities. Solana is more quicker and efficient compared to its counterpart."
https://www.analyticsinsight.net/ethereum-might-get-crushed-between-solana-and-cardano-in-2022/
3 Simply Spellbinding Solana Charts That Will Shock Investors
Giant gains
Aside from Shiba Inu, Solana could very well be the best performing asset of 2021. It's gained more than Dogecoin, GameStop, AMC Entertainment Holdings, or probably anything else you can think of.
Solana Price Chart
SOLANA PRICE DATA BY YCHARTS.
Solana's monster return is unique because it has been a high-profile crypto for about a year now, but its price didn't really take off till September. For a long time, it was difficult to buy Solana through a trustworthy exchange. It was only added to Coinbase Pro on May.24. And even then, its price was still below $60.
Speedier than a sleigh down a snowy slope
Solana's claim to fame is that it is inexpensive and fast, while being somewhat decentralized. The following table compares the transactions on Solana since inception to other well-known cryptos: Cardano (CRYPTO:ADA), Ethereum (CRYPTO:ETH), and Bitcoin (CRYPTO:BTC).
DATA SOURCES: YCHARTS, MESSARI.IO
*CARDANO IS CAPABLE OF PROCESSING 250 TRANSACTIONS PER SECOND BUT ITS NETWORK IS UNDERUTILIZED.
Despite being the newer kid on the block, Solana has already processed more than 46 billion transactions, which is more than Bitcoin or Ethereum. From the table, it's clear that Solana has by far the highest transactions per second and the lowest fees per transaction. You'll also notice it has the fewest number of validators.
When you hear that Bitcoin is slow and expensive but incredibly stable, what that really means is that there are a ton of miners supporting the network. And because the Bitcoin network is enormous, decentralized, and uses a proof-of-work protocol, it simply takes a long time and more money to do things. By comparison, Solana has many fewer validators, so it's relatively more centralized. It also uses a proof-of-stake protocol, which is faster but less secure than proof-of-work. This is a key reason it's faster than Bitcoin and Ethereum, but Ethereum is planning to transition to proof-of-stake next year in a way that keeps its network secure, allows it to process more transactions, and makes it cheaper to use. In short, developers looking to build an app that depends on speed and low cost would probably do it on Solana, whereas apps that rely more on security are likely going to use Ethereum.
Ethereum is undoubtedly king in this category, but it shouldn't go unnoticed that a staggering $760.9 million was traded in Solana for NFTs in just four months. By comparison, consider that Sotheby's, which is the best-known auction house in the world, has sold $7.3 billion in art so far this year, or about $635 million per month. This means that NFT sales on the Solana blockchain are averaging nearly 30% of Sotheby's sales even though the average sale for a Solana-denoted NFT is just $1,408.
A linchpin in the NFT market
As mentioned, Solana is great for faster, cheaper things. This has made it a go-to platform for non-fungible tokens (NFTs), which could be anything from a digital certificate of ownership of a work of art or a piece of intellectual property like a song or a poem.
The following table shows metrics on Solana and Ethereum NFT sales from August through November 2021.
DATA SOURCE: CRPYTOSLAM.IO
More...
https://www.fool.com/investing/2021/12/28/3-simply-spellbinding-solana-charts-investors/
Decrypt's Coin of the Year: Solana (SOL)
“...An increasing number of people are recognizing this, and realizing that Solana is the only platform that they want to commit to building on for years to come...”
https://decrypt.co/88814/coin-of-the-year-solana-sol
Michael Jordan Jumps Into Web3 via Solana App for Athletes
https://decrypt.co/88393/michael-jordan-jumps-into-web3-solana-app-athletes-nfts-tokens
Galaxy, Bloomberg Debut Solana Fund for Institutional Investors
"Galaxy Digital on Wednesday said it will launch a crypto fund for Solana, the high-speed blockchain whose native token SOL has soared in value this year.
The crypto conglomerate said Galaxy Solana Funds will target “institutional investors.” Its release trails two weeks behind Grayscale’s announcement that it plans to do the same. Grayscale is a sister company of CoinDesk through parent DCG."
https://www.coindesk.com/business/2021/12/15/galaxy-bloomberg-debut-solana-fund-for-institutional-investors/
Solana Blockchain Experiences Congestion Slowing Transaction to 1000 per Second
"Solana blockchain was congested over the weekend, but rumors were spreading fast that it suffered a DDoS attack."
https://www.solana.news/post/solana-blockchain-experiences-congestion-slowing-transaction-to-1000-per-second?utm_campaign=meetedgar&utm_medium=social&utm_source=meetedgar.com
Solana Ventures Looks to Boost Web 3 Gaming With Launch of $150M Fund
Tue, 14 December 2021, 12:41
"Investors have bet big on the future of play-to-earn gaming, and they aren’t done yet.
Solana Ventures, Forte and Griffin Gaming Partners have pledged to invest $150 million in Web 3 game builders, the companies announced Tuesday.
The initiative is the second major investment Solana Ventures has made into the blockchain’s gaming ecosystem, the first being a $100 million fund co-led by FTX and Lightspeed in November.
Griffin says it has now invested over $400 million into gaming and Web 3 companies in the past two years, according to a press release."
Solana Ventures Web 3 Gaming
Solana ($SOL) Could Rally Up to 260% By Q1 2022, Kraken Suggests
https://www.cryptoglobe.com/latest/2021/12/solana-sol-could-rally-up-to-260-by-q1-2022-kraken-suggests/
Just bought some more. Best pre-Black Friday gift yet.
The gift that'll keep on giving.
Twitch Co-Founder Justin Kan Launches Gaming NFT Marketplace on Solana
The platform will serve as a primary marketplace for players to buy non-fungible tokens directly from game companies to use in-game, as well as a secondary marketplace for peer-to-peer trading.
“People have always been able to make real money playing video games,” Kan told CoinDesk in an interview. “What we’re seeing with Web 3 gaming, it feels like a natural development towards ownership gamers have always wanted.”
https://www.coindesk.com/business/2021/12/13/twitch-co-founder-justin-kan-launches-gaming-nft-marketplace-on-solana/
Solana co-founder believes NFTs will eradicate ‘external poison marketplaces’
Expanding on this further, Yakovenko noted,
“I think these are the early starts of true web social networks that do not rely on ads for monetization, that don’t rely on Google or Facebook to function.”
He further added that,
“They are purely these digital communities that can monetize/self-monetize from their own content without the need of any of these external poison marketplaces.”
https://ambcrypto.com/solana-co-founder-believes-nfts-will-eradicate-external-poison-marketplaces/
Former Google CEO Eric Schmidt Joins Chainlink Labs as Advisor
o Chainlink Labs announced today Eric Schmidt has joined as a strategic advisor.
o Before joining Chainlink, Schmidt was a former Google CEO and Alphabet technical advisor.
https://decrypt.co/87716/former-google-ceo-eric-schmidt-joins-chainlink-labs-advisor
The big picture looks fantastic.
If you don't focus on particular cryptos and look at the "big picture: things are awesome.
The chart in the link shows the rapid increase in investments in the cryptocurrency market.
Since April 01, 2020 to November 19, 2021,for example, it has grown 17 fold; from $179.3 billion to $3048.57 billion.
So for those that've picked the cryptocurrencies with the best potential for growth, there's no reason that those investments won't grow at a similar rate in the long term.
Good luck to all!
Overall cryptocurrency market capitalization per week from July 2010 to November 2021
https://www.statista.com/statistics/730876/cryptocurrency-maket-value/
Bitcoin selloff was exacerbated by high leveraged positions - Stop Losses triggered
Analysts suggested that much of the selling pressure in the Bitcoin market was on the cash side, which was exacerbated by high leveraged positions on Bitcoin derivatives by traders. The instant crash in prices to $42,000 was a result of traders’ stop-loss being triggered on their derivative positions.
"However long term investors should be buying on these long liquidation cascades which are essentially forced and non-organic selling," said I ..
https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-cracks-10000-in-an-hour-as-crypto-sell-off-intensifies/articleshow/88087979.cms
With most of all other crypts down, this looks especially good; swimming up stream.
Good record....
I'm also watching to see what this does:
"On 1 December Flexa announced that Solana's asset the SOL would be accepted on the network. This, it said, means "the fastest blockchain meets the fastest and most fraud-proof payments network"."
https://capital.com/amp-crypto-price-prediction
Yes, I picked more of SOL and 2 other cryptos while they dipped. They're usually a guaranteed automatic 10% return or so the first day they pop back. Repeat every dip in a year and you can make icing for the cake.
Just so you know....
Report claims each Solana TX uses less energy than 2 Google searches
https://cointelegraph.com/news/report-claims-each-solana-tx-uses-less-energy-than-2-google-searches
Neon Labs Integrates Aleph.im To Surface Data on Solana’s Leading Cross-Chain DeFi Solution
"Paris, France, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Neon, an Ethereum virtual machine on Solana that enables dApps on Ethereum to scale and get access to liquidity on Solana, announced today that it will integrate Aleph.im, a cross-blockchain computing network and decentralized indexing provider, to enable access to all of the cross-chain DeFi data on the protocol."
More here:
https://www.bakersfield.com/ap/news/neon-labs-integrates-aleph-im-to-surface-data-on-solana-s-leading-cross-chain-defi/article_ce917bc4-c66b-56f2-a062-461a96e28c8f.html
Solana Labs CEO: It ‘doesn’t really matter’ if the network goes down again
"o In September, the Solana blockchain was swamped by transactions and ended up going offline for 17 hours.
o Solana Labs CEO Anatoly Yakovenko says that this is only a problem for those measuring in milliseconds."
https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again
Predictions for Solana in 2030....even of it performs half of these predictions.....it's awesome.
https://priceprediction.net/en/price-prediction/solana
https://coinpriceforecast.com/solana