SOL - Could Solana Help You Retire Early?
Since launching in April 2020, Solana (CRYPTO: SOL) has generated a monster return of 1,200%. This performance easily crushes that of the S&P 500 and Nasdaq Composite Index . It even trumps the increases of Bitcoin and Ethereum (CRYPTO: ETH) , the two most valuable cryptocurrencies, in the same time period.
But can Solana continue its rapid climb in the years ahead and help you retire early? Let's take a closer look.
Like Ethereum, Solana allows for the development and functioning of smart contracts , which opens the network to the creation of various decentralized applications, like decentralized finance protocols and platforms for non-fungible tokens. At its peak at the height of crypto asset boom in November 2021, Solana had more than $10 billion in total value locked on its blockchain. This is the amount of money that has been deposited into different apps.
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Could Solana Help You Retire Early?