SOL - Solana's State of the Union Reveals Why It's a Screaming Buy
On the final day of January, the founders of Solana (CRYPTO: SOL) published what can best be called a "State of the Union" update. It laid out Solana's priorities for the year ahead, reiterated the key principles and values that are driving the development of the Solana blockchain, and highlighted a multitude of key projects that embody those principles and values. Perhaps most importantly of all, it offered a mea culpa for the events of last year.
If you're a long-term investor, this update provides a valuable roadmap for where Solana is headed and why. From my perspective, Solana is now a screaming buy. Why? Because I now have a much better idea of how Solana plans to grow from an $8.7 billion market cap crypto to something much bigger.
One key focus of the update was Web3 and the new era of decentralization brought about by blockchain technology. In short, Web3 is the key to understanding the long-term value of Solana. As Solana explains, Web2 was the era of large, centralized platforms in Silicon Valley that currently control the internet. But Web3 will be a completely decentralized era in which users are in control. Users will be the true owners of the platforms and services they use, and that will generate growth opportunities for Solana.
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Solana's "State of the Union" Reveals Why It's a Screaming Buy