Market Analysis: Solana to Join BTC, ETH as Leading Cryptos

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Franklin Templeton, a worldwide investment business controlling 1.6 trillion dollars, has produced a paper titled “SOL: Accelerated Adoption,” predicting that SOL will become the third significant crypto asset after Bitcoin and Ethereum.

Solana’s Recent Rise in Crypto Activity

Experts claim that SOL has dominated the rise in cryptocurrency activity over this time period, in part due to significant airdrops in the Solana ecosystem, such as Jito and Pyth.

While SOL has faced congestion owing to solid demand, the developer community is actively working on solutions. Jump Crypto’s Firedancer, a SOL validator client, is intended to be a crucial accelerator in addressing these concerns. 

Templeton’s growing interest in SOL, as seen in tweets from earlier this year, is a result of the company’s attraction to Anatoly Yakovenko’s vision and the significant advancements made in Solana’s ecosystem during Q4 2023, such as advancements in decentralized prediction markets (DePIN), DeFi, meme coins, and NFTs.

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