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The revolution of blockchain assured investors of cryptocurrencies of privacy and confidentiality. They believe this scientific algorithm is sturdy enough to protect their transactions, keeping them safe. Even though transactions are recorded in the general blockchain, neither the sender nor the recipient and not even the amount transferred is in any way apparent to other users on the network.
Solana ecosystem is considered an effective, fast, secure, censorship-resistant blockchain that provides the open infrastructure required for global adoption. It does not have any transaction fees as well.
Even though it looked promising, Solana constantly shows the downfall trend, where we just must ask ourselves if Solana is yesterday's news and is getting beaten up by new rocket ship coins, such as Tamadoge. It's yet to be seen if this crypto wonder is going to recover.
Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.
Integrate once and never worry about scaling again. Solana ensures composability between ecosystem projects by maintaining a single global state as the network scales. Never deal with fragmented Layer 2 systems or sharded chains.
Not only is Solana ultra-fast and low cost, but it is also censorship resistant. The Solana network is spread over thousands of independent nodes — which means that your transactions are always safe.
By using a unique blend of proof of history and delegated proof of stake, Solana offers exponentially faster transaction speeds than its closest competitors, Ethereum and Cardano (ADA), at a fraction of the cost, by using a unique blend of proof of history and delegated proof of stake.
Unlike proof of work, which uses the miners themselves to define the next block in a chain, or proof of stake, which uses staked tokens to define the next block, proof of history uses timestamps in its definition of blocks for the Solana chain.
This innovative system allows validators on the blockchain to vote on the timestamps of different blocks in the chain. This keeps the chain relatively decentralized while simultaneously allowing for faster, more secure computations.
Like most of the world's major cryptocurrencies, SOL tokens can be traded on any number of platforms. This includes centralized exchanges like Binance, Coinbase, and Kraken, to name a few. In some cities around the globe, SOL tokens are even available in crypto and NFT ATMs.
After purchasing SOL tokens, investors will want to store SOL tokens in a crypto wallet after purchasing them. Unlike the name implies, crypto wallets aren't where cryptocurrencies themselves are stored. Rather, they're where owners store the keys to their cryptocurrencies. These wallets can either be stored online or offline. (The safest option for storage is offline with a cold wallet.)
Cryptocurrencies are highly volatile and extremely risky investment vehicles. Investors should be certain they can afford to lose the money they invest in SOL, even if they believe in Solana's potential.
Going by the Solana price history and technical analysis, the currency has garnered a top position in the cryptocurrency market based on market cap rankings.
As indicated by the Solana (SOL) price prediction, the coin had almost reached $4.40 by the end of January 2021. Since then, due to a significant bullish phase, the currency leveled off to a value above $40.
The partnerships, projects, and alliances pushed the scalability of the Solana network to multi-million transactions per second. The network is super popular with numerous projects built on it like NFT and Decentralized Finance (DeFi) with abundant supply and top market position; given the advancements are maintained, we saw Solana's price soar to a level of the $260.06 mark, making it a new all-time high.
Hence, the Solana price prediction for the previous year turned out to be realistic, which suggested an expected SOL price of $187.
After reaching an ATH value, the profit booking sentiments took over and pulled the price down to around $78 within four months. The next day, the $80 Solana crypto value turned out to be a buying zone, and the prices started to recover as per historical data. The SOL price continued its recovery to the $136 mark. However, the Solana prices saw a correction, leading to a steep fall in the value, and it reached $44.
Based on the information on the current price of the Solana token and technical analysis, we conclude that the digital asset may not be suitable for short-term investment. However, in the long run, the technical indicators suggest that it may turn out to be a profitable choice.
The current price of Solana (SOL) stands around $41.65 with a market capitalization of $14,526,393,082 and a current trade volume of $$1,134,440,806. According to the Solana price prediction 2022, SOL short-term trades are lower than expected.
The SOL market had set higher benchmarks for its prices, along with developments in decentralized exchanges, NFT marketplaces, Yield aggregators and online games, etc.
Since the profit booking took over, the SOL price could not rise as much as expected.
Currently, the SOL coins are trading much below their immediate resistance of $82.71. The crucial and significant resistance can be seen at $118.11 and $146.72. The immediate support level of SOL tokens is $25.49. If the coin's price comes to immediate support, the future price movements may be quite hard for SOL investors.
As is evident right now, Solana is quickly stabilizing after its drop in January 2022. The NFT and DeFi markets will continue to expand, including the coin's developer resources, which will increase demand for Solana tags even if the current market share remains intact.
Even if Solana doesn't shoot for the moon, there's still a chance it could become a good investment as long as it doesn't crash. However, if it does crash, you may still be able to make some profit by short-selling the SOL currency and investing in some new project, such as Tamadoge.
Is a high-risk, high-reward type of asset a good fit for your investment portfolio? If so, then Solana may be the cryptocurrency you were looking for. Unlike many other fast-growing coins or tokens, SOL tokens are recognized and praised by the crypto community for their technical superiority and efficiency, which gives the coin a good chance to stay afloat and keep rising in the future.
With Solana and other coins going down, maybe you want to start looking for some new projects to invest in.
Tamadoge is the currency at the center of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they'll end up as a Tamaghost.
In total the maximum supply of TAMADOGE will be 2 Billion (2,000,000,000). There will be 1 Billion tokens in circulation at the token generation event, with 400 Million unminted and reserved for exchange listings. There will be 600 Million which will become available to be minted over 10 years to power the Tamadoge project.
Why isn't Tamadoge using tax?
Tamadoge doesn't use transaction tax, because we believe that value should be generated from the project itself, and not just from people trading the token.
The entire ethos of Tamadoge centers around the Tamadoge ecosystem, and they don't want people to lose money when they enter (or leave) that ecosystem. That's why, at Tamadoge, they've made a commitment to never tax any token transfers.
How does the Tamadoge store work?
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you'll always be paying with
Tamadoge token.
The token that you use to make the purchase will be split between three different pools, which are designed to provide upwards price pressure for the token, allowing the TAMA team to keep developing the platform and provide a source of tokens for the P2E elements of the game.
5% of the tokens spent will be burnt completely, meaning that for every 100 tokens spent, 5 will be removed, consistently reducing the supply of tokens. 30% of the tokens spent will be used for marketing and platform development, allowing us to grow the Tamadoge following and produce an even better platform.
Finally, 65% of all tokens spent will be added to the P2E prize pool. This is used to pay out rewards from the Tamadoge leaderboard, directly to the community.
What's on the roadmap?
There's a lot of things planned for the Tamadoge token, and so we thought it would be helpful to show the roadmap for the Tamadoge project.
SOLANA vs TAMA
By using a unique blend of proof of history and delegated proof of stake, Solana offers exponentially faster transaction speeds than its closest competitors, Ethereum and Cardano (ADA), at a fraction of the cost, by using a unique blend of proof of history and delegated proof of stake.
On the other hand, TAMADOGE enables you to play games, and earn and exchange tokens from the comfort of your home, making the money fun and easy. With Tamaverse evolving, we could only imagine the wonders that this platform will do.
Different use cases, different stories – both good coins. We think you should consider investing in TAMA, since it's just released its coins for presale so you should take the chance and buy it while it's still affordable.
How To Buy Tamadoge
You've read our analysis and made a smart decision to buy this hot coin. So, now what?
Here are the easiest steps to buy yourself a TAMA:
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the
wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click "Connect Wallet" and select the
appropriate option. For mobile wallet apps you will need to select "Wallet Connect".
You will then have three options
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release
details closer to the time, however, you will need to visit the main site https://tamadoge.io and
Click on the gold "Claim" button.
Tamadoge Contract
Use the contact information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Keep in mind that any cryptocurrency price prediction, including this Solana forecast, is not fully reliable due to the volatile nature of the cryptocurrency market. Thus, it should not be seen as investment advice. Please do your own research before investing in any digital asset.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
