Popular altcoin Solana will outperform the world’s two largest cryptocurrencies, Bitcoin and Ethereum, in 2022, according to the CEO of a $12 billion financial giant.
deVere CEO comments on the performance of popular altcoin Solana
The bullish forecast by Nigel Green, CEO and founder of deVere Group, one of the world’s largest independent financial advisory, wealth management and fintech organizations, came amid Friday’s market carnage. According to Green, despite the current volatility, crypto investors who have consistently remained in the market have had a generally positive year.
It started the year at around $2, now changing hands for around $200 on the deVere Crypto app. It will likely outperform both Bitcoin and Ethereum next year. Why? Because of its ingenious technology and cost effectiveness. Solana is a network with superior high transaction speeds, processing more than 2,500 transactions per second. Like Ethereum, it supports smart contracts. This revolutionary technology will ultimately change the way nearly all business and financial services are delivered in the future. That’s why an increasing number of decentralized finance (DeFi) apps are moving to Solana.
deVere CEO also points out the low transaction fees on Solana compared to the ETH network. The expert says that “informed investors are watching Solana” and states that if the current momentum continues, 2022 will be Solana’s breaking year.