What is Solana?
*Solana is a decentralized protocol for building dApps with a reported throughput of 65,000 transaction per second (TPS) thanks to its distributed computing system.
*Solana uses the Proof of history(PoH)- a new cryptographic mechanism that amplifies scalability while maintaining network security, unlike most protocols that run with the proof of stake (PoS) or Proof of work (PoW) mechanism.
*Solana is among the few layer-one solutions capable of supporting thousands of transaction per second without having to implement second layers or off-chains.
Who are the founders of Solana?
*The most important person behind Solana is Anatoly Yakovenko. his professional career started at Qualcomm, after some time Yakovenko entered a new position as a software engineer at Dropbox.
*Yakovenko started working on a project in 2017 which would later materialize as Solana. He made a team with his Qualcomm colleague Gerg Fitzgerald, and they founded a project called Solana Labs.
*The Solana protocol and SOL token were released to the public in 2020.
What does Solana Do?
*Solana is designed to address a wide range of problems in the market. Its architecture was designed to be scalable while being resilient to censorship. It is a distributed and trustless blockchian. Its design allows it's to handle bandwidth and speed concerns related to transaction settlement.
Best crypto exchanges to buy Solana in 2022
1. eToro
2.Kraken
3.Coinbase
4.Uphold
5.Binance
Future analysis of Solana?
.png)
*Now Solana support at 20.70-21.20, if we don't hold this support area next support at 6.20-6.70.
*Now Solana resistance at 53.20-53.70. If we break here with volume next resistance at 81-10-81.60, next resistance at 149.30-150.30 this is strong resistance area it take 2-3 times rejection here, if we break this previous resistance with volume and hold this area next resistance at 218-218.50.
*Support and resistance help you where to enter the trade and where to exit the trade follow support and resistance levels it help you alot.
*Solana is good for long-term it already gave you 100x to investors. It has great potential to gave more return to long-term vision investors. If you want to hold dot for long-term buy in usdt pair to hold it.
*Suggestion for invest if you want invest 1000 dollar try to invest 15-20% each coin don't invest all amount in single coin always diversify your portfolio Solana have potential to gave 15-20x return in next 4-5 years to current price.
*I hope you guys help my content to investing.
*Please share my site to those who wants to understand about crypto, it can help them alot.
