Solana has been a recent higher performance among the main crypts, ahead of 24% during the past month, but that could be the precursor of an epic end of the year, writes the CIO BIT A BIT Matt Hougan.
“During the last 18 months, the recipe for strong returns in cryptography has been clear,” said Hougan. “Take a part of ETP tickets, add strong purchases of corporate treasure and voilà: you will get great yields.”
Hougan recalled that “Recipe” sent Bitcoin of $ 40,000 to its current level and ether than triple, and the same configuration is being formed around sun.
Seven main assets administrators, including Bitwise himself, along with the gray scale, Fidelity and Vaneck, have presented to launch Spot Solana ETPS. The US stock and securities commission. UU. It must be rule before October 10. If even a few are approved, retail and institutional investors could soon buy Sol in the same way that they would make an action.
That is not the only tail wind, Hougan said. Last weekend, a previously quiet microcap, from Microcap, Industrias forward (FORD)He announced that he had raised $ 1.65 billion of the heavyweights of Crypto’s investment, Galaxy Digital, Jump Crypto and Multicoin Capital.
The company’s play book is simple: buy Sun, bet and generate performance, making Solana an asset income generator into a public balance. To the helm is Kyle Samani, co -founder of Mulicoin and one of the first champions of Solana.
Hougan compares Samani with Michael Saylor de Bitcoin or Tom Lee of Ethereum, visible, vocal and capable of converting a technical narrative into a conventional headline. Even so, Solana has to earn attention.
Your tone is speed. Unlike Ethereum, which uses additional layers to climb, Solana runs everything in a chain. A new update, which will soon be launched, reduced the purpose of the transaction of 12 seconds to 150 milliseconds. Transaction rates remain in a rye.
Those profits come with compensation, Hougan allowed. Solana’s critics argue that its structure is more centralized than other blockchains, which could be left exposed to network failures. Supporters pollute that it is the only chain quickly and cheap enough to admit high volume use cases, such as tokenized or stable assets, on a global scale.
And growth is happening. Solana is now third in Stablecoin liquidity and fourth in tokenized assets, with a volume of assets by 140% this year, said Hougan.
Then there is its size. With a market capitalization of $ 116 billion, Solana remains a small fish compared to the $ 2.2 Bitcoin trillion or the $ 519 billion Ethereum. That means that smaller tickets can move the needle in a larger way. According to Hougan, the $ 1.65 billion of Forward Industries could have the same sun impact as an investment of $ 33 billion in BTC.
That is why he is watching closely. “My suggestion?” Hougan wrote. “Keep your eye in Solana.”
