7 Reasons to Invest in Solana

7 Reasons to Invest in Solana

The cryptocurrency market is an exciting investment opportunity for many people. One of the best investments you can make in the world of cryptocurrencies is Solana. In this blog post, we will discuss a few reasons why investing in Solana may be a wise decision for your portfolio.

Can one buy Solana at Uphold?

Let’s just first answer your question that Can I buy Solana at Uphold? Yes! You can buy Solana with fiat or cryptocurrency at Uphold. With a minimum investment of USD 100, you can get started today on the world’s fastest blockchain while getting discounts for buying more Solana in one transaction.

  1. Solana has a working product

Many cryptocurrencies that are on the market today do not have a fully developed blockchain. Solana is one of the few companies to offer an already completed and functioning platform for their investors. The company had its ICO in October 2018, so they could complete much work before launching their coin onto the public exchanges.

The first version of the app was released in June 2019, with Windows support being added later this year. It’s important to note that all development milestones are still being met, including those laid out by use cases such as remittances or smart contracts.

  1. Solana is scalable

The project has a new consensus mechanism called Proof of History (PoH) which enables the network to scale. The blockchain uses this along with sharding and parallel computing to support more than 50,000 transactions per second.

These technologies give Solana some of the best scalability on the market today. If you’re looking for speed in payments or smart contracts, then there’s no better option than Solana at this time.

  1. Solana has an experienced team

The Solana development team is based out of the US and Israel. The company was founded by CEO Sergey Nazarov, who previously worked at Yahoo for five years. He also founded two other companies in Silicon Valley before moving on to Solana.

Many members of the management staff have impressive resumes as well. For example, CTO Dr. Anatoly Yakovenko earned his Ph.D. from Stanford University, focusing on distributed systems. Another key member of the executive committee is Ian Jennings. 

  1. Solana is one of the best-funded blockchain projects

Solana has raised over $40 million in funding so far. This may not be as much as other cryptocurrency projects, but it’s still a significant amount that could help them work on scaling and expanding their reach.

The company also garnered support from many notable people in Silicon Valley, including Timothy Draper, Dharmesh Shah, Michael Arrington, Andreesen Horowitz, Elad Gil (Twitter), Chris Dixon (A16Z), among others. 

  1. Solana is supported by large firms

The project also has support from many top companies. For example, Microsoft’s Azure cloud platform and Google Cloud Platform (GCP) work with Solana to expand its reach.

Many other partners such as Hyperledger, Red Hat OpenShift, GoChain, IONOMI, among others, recently joined the network. This could help Solana gain even more international attention in the years ahead, which would be a positive sign for investors trying to determine if this cryptocurrency coin will appreciate further or drop in value over time.

  1. Solana has a low token price

One of the best aspects about investing in Solana is that it’s currently priced very cheaply. For example, one LRC coin cost only $0.05, which means you can get into this project with just a few dollars.

If more people decide to buy tokens on exchanges or invest directly through an ICO, this cryptocurrency could have immense potential for growth over time. This would be beneficial for investors who are looking to see their investment grow while receiving regular dividends from the company as well.

  1. Solana solves many common blockchain problems

The Solana project has achieved some impressive milestones since it was first announced.

For example, the platform recently released its test net, which runs on 700 nodes and can process 50,000 transactions per second. This proves they are already making good progress towards launching their network shortly, which would be a positive sign for this cryptocurrency coin’s value over time.

Conclusion 

All in all, Solana is a cryptocurrency worth looking into for those that want to invest now. It has many strong points which show it could appreciate significantly over time as the project continues to gain more international attention.

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