The reason for the rise of sol. We know that sol has not only gradually got rid of the negative impact caused by the bankruptcy of FTX, but is also in the process of continuous development of the ecosystem.
The main reason for the recent increase in sol prices, I think
There are three points below:
1. Salona’s rise is supported by increased Dapp activity.
2. The development progress is obvious to all, adhering to the bear market and developing the bull market to make money.
Despite the sharp decline in its own tokens, Salona still insists on output development. Not only did it launch the neon EVM mainnet compatible with Ethereum in July this year, it is also eager to integrate more applications from Ethereum.
As early as 2021, it announced that it would develop its first blockchain mobile phone. Solsaga also came out in May this year as promised.
Third, two major shortcomings have been improved. Sol has been criticized for many years for its overly centralized system and supply chain network downtime. .
With the bankruptcy and decline of FTX, the centralization situation has been resolved. The sol effect report pointed out that since February this year, the attack chain has no more downtime issues.
Can sok get a bull market?
I think it’s okay. There are several reasons:
The first reason why Salona has attracted so much attention is that it has become a leader in the payment field and was selected by the international payment giant Visa as the underlying payment supply chain. Secondly, the exploration of maker Doo also adds a lot to sol.
The third reason is the development progress of Salona that is obvious to all. The last reason is also the jump with the strongest potential. CRYpto and sol jointly developed a node client called fire dancer, and they have reached the first milestone. Its test environment TPP is as high as 1.08 million. .
To sum up, sol is still a project with great appreciation potential at present. So if you can withstand the risk of selling pressure, and if you are optimistic about Sol based on the news and technology, you can hold Solona during the correction and reach the bull market. Finally, I want to know more information about must-announcement,
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