Franklin Templeton, a global investment firm predicts that Solana’s SOL will soon become a cryptocurrency top-3 asset. According to a recent report, Solana’s SOL is poised to become one of the top 3 cryptocurrency assets in no time. analysisThe digital assets division of SOL suggests the company is well on its way towards becoming a “third major crypto asset” Solana Network is growing faster than Bitcoin (BTC), Ethereum (ETH) or any other cryptocurrency.
Templeton’s analysts claim there has been a significant increase in both the total fee and volumes of DEX in Solana in recent years. SOL was trading at $151 and up 11% over the last week. Franklin Templeton’s analysis for Solana SOL predicts:
“We expect this growth to continue as Solana’s network effects grow stronger and its network performance improves even more, positioning itself to capture the next trends in crypto. The network has proven to have some of the lowest fees, lowest transaction latency, and highest data throughput relative to other networks. This is where Solana really shines.”
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Solana SOL To Join Big 3 Cryptocurrencies In 2024?
Franklin Templeton is also of the opinion that Solana SOL could serve as a central point for the adoption of several sectors within the crypto world. The list includes decentralized infrastructure (DePIN), compression non-fungible (NFT) tokens, and centralized order books. Firm is bullish about a SOL surge in the months to come if Solana’s meme coins continue to be popular and if Solana’s network grows.
“Further, the Solana ecosystem has more expected airdrops in the coming months which should continue adding a wealth effect to the ecosystem,” According to the analysis of the company, “And memecoin activity has shown no signs of slowing down on the network.”
Solana is still the world’s fifth largest cryptocurrency asset, according to market cap. Today’s trading volume has also increased by 10.32%.
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Source: watcher.guru