Price of Solana spikes up 75% in less than month!!!
Opensea are now to integrate Solana blockchain to their marketplace
Is it a good time to invest in Solana? Let's find out.
Disclaimer: This is not an investment advice!!!
Actually the main driving force for the surge of its price is the bullish of the crypto market. Moreover, with the reveal for integration of Opensea and Solana in April, the price spike up tremendously.
As you can see in diagram above, the price increase from $80 to $140 (2640 Baht to 4700Baht)
Let talk about Opensea. Why Opensea is so crucial to Solana and price of it
Opensea is currently the biggest and the most popular NFT marketplace with it surpassed $10 billion or 335.8 billion baht in February. It mainly served Ethereum, Polygon and klatyn blockchain. When Solana comes in to join, the share of the NFT market may direct the current to Solana and here is why.
- 1.Ethereum is indeed bigger and safer chain than Solana yet its transaction fees or gas fees are extremely expensive compared to Solana fees.
- 2.The transaction speed of the Solana blockchain is incredibly rapid and currently no other chain had come close to its speed.
The more excruciating factor is its transaction fees, every investor want to recoup most of their invesment thus, they will probably choose the lower transaction fees blockchain unless they don't trust Solana blockchain at all.
In the month of January, Solana reached a billion USD (33 billion baht) NFT sales volume. In addition to that, with just 3 months, recently Solana attained $1.6 billion NFT sales (53.7 billion baht). With integration to come, I suspect the sales of its NFT will be much higher.
Will you invest in Solana coin?
Do you think Solana NFT sales will be more than Ethereum's NFT sales?
If so how many years?
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