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Bloomberg, Galaxy partner to create new index that tracks the price of Solana
https://www.theblockcrypto.com/linked/124339/bloomberg-galaxy-partner-to-create-new-index-that-tracks-the-price-of-solana
Brave browser will make Google obsolete. Why?
Because Brave will have/provide access to all of the blockchain data integrated globally. Whereas Google will only have acess/provide data from centralized sources.
The output part of the above chart needs a search engine.....that'll be Brave:
Brave to integrate with Solana blockchain on its privacy-enabled browser
https://cointelegraph.com/news/brave-to-integrate-with-solana-blockchain-on-its-privacy-enabled-browser
About time we got trusted IOT instead of the non-secure siloed IOT centralized corporations have and sell your data to the highest bidder.
I bought a load of this when it was @ .32.
This will get a lot of attention in the next few months.
Solana TPS ability already surpasses the gigabit network limit
"...roughly 20% faster than what’s required for a gigabit network at full-throttle..."
May 2018 – Solana was testing 400,000 TPS on a single node.
https://solana.blog/seriously-how-fast-can-solana-blockchain-get/
This and other cryptocurrencies will really soar after the majority of Americans catch up:
(Only) 16% of Americans say they have invested in, traded or used cryptocurrency
https://www.pewresearch.org/fact-tank/2021/11/11/16-of-americans-say-they-have-ever-invested-in-traded-or-used-cryptocurrency/
OTOY to Render the Metaverse on Solana
"OTOY’s founder and CEO, Jules Urbach, plans to make content creation a democracy. OTOY will deliver a cloud-based metaverse through a Render Network. The Network will be the first decentralized GPU to render services and a 3D marketplace on OTOY’s OctaneRender NFT ecosystem. Jules additionally mentioned that virtual assets would be the first to democratize."
"Apart from Solana’s partnership, OTOY has also created an understanding with the NFT minting platform Metaplex. The users of OctaneRender will use this platform provided by Solana to mint and auction their NFT’s.
OTOY’s CEO added that the Render Network would fund the development of an open-source Rust GPU cross-compiler tool. The compiler will run the RNDR Software Development Kit(SDK). In turn, the SDK will enable developers to target both the Solana intelligent contracts virtual machine (VM) and Render Network GPU nodes with identical code."
https://watcher.guru/news/otoy-to-render-the-metaverse-on-solana
Lower Fees and Faster Transactions Make Solana Better Than Ethereum
https://investorplace.com/2021/11/lower-fees-and-faster-transactions-make-solana-better-than-ethereum/
Zebec Protocol Launches on Solana Offering Flexible Payroll
Zebec Payroll allows workers to be paid by the second with USDC or other stablecoins.
https://www.coindesk.com/business/2021/11/10/zebec-protocol-launches-on-solana-offering-flexible-payroll/
The Next Web 3.0 Social Media Will Be Built on Solana
"o Seven Seven Six Ventures has identified Solana as the prototypical blockchain for building the next social media network.
o Solana has gained recognition for becoming the next center of Web 3.0 gaming and decentralized social networking.
Lisbon, Portugal, has become an epicenter of the blockchain space. Between November 7th – 10th, 2021, Solana is hosting its first annual, global conference called Breakpoint. Over the many panels, the common consensus is that Solana is an ideal platform to develop the next internet on.
Solana Is Preferred for Web 3.0"
https://www.investing.com/news/cryptocurrency-news/the-next-web-30-social-media-will-be-built-on-solana-2673241
Neon Labs Raises $40M to Bring EVM Functionality to Solana
"The Ethereum-compatible environment could lead to implementations of popular DeFi protocols on the blockchain."
https://www.coindesk.com/business/2021/11/09/neon-labs-raises-40m-to-bring-evm-functionality-to-solana/
Brave partners with Solana to integrate it into the browser and make it the default for DApp support
https://brave.com/solana-partnership/
Brave partners with Solana to integrate it into the browser and make it the default for DApp support
https://brave.com/solana-partnership/
Solana Breakpoint - Nov 7 thru 10, 2021
https://solana.com/breakpoint
Solana Is Up 17,000% This Year
https://www.newsbreak.com/news/2425628426371/solana-is-up-17-000-this-year-here-s-what-to-know-before-investing-in-the-ethereum-competitor
Ethereum up 895.5% this year
https://ycharts.com/indicators/ethereum_price
Bitcoin up 298.1% this year.
https://ycharts.com/indicators/bitcoin_price
Gee, which one is the better investment?
House Sends Infrastructure Bill With Crypto Tax Provision to US President
https://www.coindesk.com/business/2021/11/06/house-sends-infrastructure-bill-with-crypto-tax-provision-to-us-president/
House Sends Infrastructure Bill With Crypto Tax Provision to US President
https://www.coindesk.com/business/2021/11/06/house-sends-infrastructure-bill-with-crypto-tax-provision-to-us-president/
Solana is up 17,000% this year—here’s what to know before investing in the Ethereum competitor
https://www.cnbc.com/2021/11/05/what-to-know-before-investing-in-ethereum-competitor-solana-sol.html
Solana Ventures, FTX, and Lightspeed launch $100 million blockchain gaming fund
"Solana Ventures, Lightspeed Venture Partners, and FTX announced Friday a $100 million fund to invest in startups focused on building blockchain gaming studios.
The announcement comes at a time when the concept of metaverse or virtual worlds is growing in popularity. Last week, Facebook changed its corporate name to Meta as the company has been developing new technologies that will help people connect and explore in the metaverse.
According to some reports, the metaverse will also play a key part in gaming's future. Essentially, a theory is that the metaverse will allow users to meet, chat and play games together."
Read more...
https://www.theblockcrypto.com/linked/123397/solana-ventures-ftx-lightspeed-100-million-blockchain-gaming-fund
Solana’s ‘new Cardano’ status and what the latest flippening means
"Solana flipped Cardano not only because Solana is performing well, but also because Cardano is just not performing competently. In fact, it has a lot to catch up on because of its poor performance."
"Additionally, these last three months really changed the face of the crypto-market. Notably, NFTs-led Solana spiked by 945.66%, literally, in just three months."
https://ambcrypto.com/solanas-new-cardano-status-and-what-the-latest-flippening-means/
More DeFi Analytics Are Coming to Solana via Serum Markets
In brief
"o Serum is a decentralized exchange and liquidity provider protocol on Solana.
o Aleph.im says its Serum Markets data product will provide new insights into the protocol.
Solana's decentralized finance ecosystem isn't yet as mature as Ethereum's. But it's getting there.
And a new product for self-described "liquidity infrastructure ecosystem" Serum promises to unlock a treasure trove of data on the up-and-coming Solana network, which is competing with Ethereum on speed and cost."
https://decrypt.co/85244/more-defi-analytics-coming-solana-serum-markets
Related to previous article:
Chainlink Says $75B Worth of Smart Contracts Secured by Its Network
"Seventy-five billion dollars worth of smart contracts are secured by Chainlink’s oracle pipes, the company said Thursday, marking a significant milestone for the crypto industry’s largest oracle."
https://blockworks.co/chainlink-says-75b-worth-of-data-has-flowed-through-its-pipes/
Chainlink’s total value secured surpasses $75B as DeFi continues to surge
https://cointelegraph.com/news/chainlink-s-total-value-secured-surpasses-75b-as-defi-continues-to-surge
Solana (SOL): Will Solana Become Number 1?
It looks like it. Excellent 11 min. video:
Bitcoin is mostly an intrinsic value investment; like gold. They are both restricted in supply but desired; however, they have limited practical uses.
ETH has a broad number of use cases solving many decentralized issues. It is a favorite for DeFi and gaming among other things.
However.....
Solana was created to improve and possibly replace ETH with:
- Fraction of a cent transaction fees
- 50,000+ transactions per second
- More scalable
- More secure
- More sustainable
Most cryptocurrency investors, like stock investors, because of their lack of investor analysis, just invest in what's popular. (Lazy investments).
As gamimg, NFT, DeFi and smart contracts grow on Solana, then it will become popular as well.
In my opinion, SOL's price will exceed ETHs with 2 - 3 years. Only because it has been proven to be better than ETH.
ETH was the "Ford" of crypto......there's much better options now.
Here's few examples....it's mostly investors moving to SOL from ETH.
https://www.nasdaq.com/articles/power-ledger-to-move-to-solana-from-ethereum-2021-07-12
https://www.investing.com/news/cryptocurrency-news/investors-now-moving-to-solana-and-cardano-as-ethereum-loses-steam-2633104
https://www.nasdaq.com/articles/solana-poses-a-real-threat-to-ethereum-in-the-defi-space-2021-10-29
I loaded most of my SOL in the 20s. Then added more in the 40s and again 70s to 80s buying on every large dip. SOL should reach at least $300 by EOY.
As far as ETH vs SOL, it doesn't take a genius to understand with SOL executing up to 50,000 TPS while ETH does 13, cost of SOL transactions are a tiny fraction of a penny vs ETH $5 -$10 or more per transaction, which will be used for DeFi, smart contracts, NFTs and gaming in the future.
Like I said before, the smart money is moving to SOL.
The average transaction fee on Ethereum has risen a staggering 2,300% since late June.
https://www.coindesk.com/markets/2021/11/03/loopring-surges-40-solana-replaces-cardano-as-5th-largest-coin-as-ethereum-fees-spike/
The smart money is shifting to Solana.
Solana secondary NFT sales reach half a billion dollars in three months
https://cointelegraph.com/news/solana-secondary-nft-sales-reach-half-a-billion-in-three-months
Solana price hints $400 is imminent as institutions dump ETH for SOL
"...the Ethereum-killer received only $1.9 million less than ETH, indicating that Solana is quickly becoming a favorite among large investors. Moreover, the month-to-date inflows for SOL stand around $36.4 million, surpassing that of ETH, which saw an outflow of $0.7 million. This data indicates that institutional investors loaded up on SOL in October while reducing their ETH allocation."
https://www.fxstreet.com/cryptocurrencies/news/solana-price-hints-400-is-imminent-as-institutions-dump-eth-for-sol-202111020500
VANTAGEPOINT A.I. ADDS DOGECOIN, POLKADOT, AND SOLANA TO ITS PREDICTIVE MARKET FORECASTS
"Wesley Chapel, Florida. Vantagepoint A.I. (www.vantagepointsoftware.com), the first company in the world to give independent traders the power of artificial intelligence on their home computers, has added three new cryptocurrencies to its forecasting software. Traders will now be able to forecast for Dogecoin, Solana, and Polkadot alongside Bitcoin, Ethereum, Cardano, Eos, Litecoin, and more using the power of artificial intelligence. Traders also have access to 43 cryptocurrency pairs that further include coins like Tether, Chainlink, Gas, Stellar, Maker, Wave, Bitcoin Gold, and Bitcoin Cash."
https://ipsnews.net/business/2021/11/02/vantagepoint-a-i-adds-dogecoin-polkadot-and-solana-to-its-predictive-market-forecasts/
There'll be other dips.....it's crypto
o Solana's total value locked has climbed up nearly 6 times over the past three months, analysts note further room for a price rally.
o Allbridge, a DeFi protocol is bringing Avalanche-USDC trading pair to Orca, one of Solana's largest decentralized exchanges.
https://www.fxstreet.com/cryptocurrencies/news/solana-to-enter-60-bull-rally-ahead-of-breakpoint-conference-202111011556
Solana V2 Is Imminent: Velas’ First DEX Is Now Live, With 40 More Projects Incoming
The Astronomic Rise Of Velas
"Taking the Solana code and forking it would not necessarily create a successful ecosystem. However, the Velas team has successfully made an impact through several key improvements to that original codebase. It is considered “Solana V2”, due to the game-changing transaction throughput of up to 75,000 transactions per second. More importantly, transactions are instant and have incredibly low costs, boosting the network’s efficiency even further."
https://bitcoinist.com/solana-v2-is-imminent-velas-first-dex-is-now-live-with-40-more-projects-incoming/
Solana: Ethereum's Pain Is Another's Gain
"Summary
o Solana (SOL-USD) is a fourth-generation blockchain and currently the sixth largest digital asset with a market cap of $60 billion.
o DeFi and NFT users increasingly need a blockchain that is fast and cheap, two features that Ethereum is struggling with right now.
o By the time Ethereum 2.0 gets released in May-June 2022, Solana has a perfect window of opportunity to eat ETH's market shares.
o Based on our valuation model, Solana's token price could reach $500 by the end of 2022, if market conditions remain favorable."
https://seekingalpha.com/article/4463619-solana-ethereum-pain-is-anothers-gain
I usually invest long term with solid strategy cryptos. ASM is an exception. I'm going to wait and see what happens with this one. It's too new to judge yet.
Blockchain investments are still ground floor opportunities. As more companies turn to blockchain for extracting information and storing data, and exchanges start offering investments in baskets of tokens, it'll explode over the next few years.
Good luck.