Overview of Solana

• Solana is a modern blockchain that differs significantly from the Bitcoin network.
• It makes use of modified cryptographic algorithms to create a fast and scalable blockchain.
• The crypto token that runs on Solana’s blockchain is called Solana (SOLUSD) with the ticker symbol SOL.

Recent Performance of Solana

Since its launch in 2017, the open-source project has gained mainstream acceptance within a short time. The platform was designed to host scalable and decentralized apps. Unsurprisingly, this crypto has increased by an astronomical 12,000% since 2021 and at some point had a market cap of $66 billion which made it the 5th largest crypto. At the time of compiling this article, Solana is selling for $20.80 according to data sourced from Coinmarketcap.

Predictions for 2023

Coincodex gives their Solana prediction for this year to be bearish in the first few months before we start seeing green candles. With this, investors will have to tread with care but there’s no doubt that this crypto is primed for good run in 2023. It may even pump faster than other cryptos such as Pikamoon due to its scalability and low transaction fees compared to Ethereum and Bitcoin networks respectively.

Pikamoon Comparisons

Reports indicate that other cryptos such as Pikamoon are expected to pump faster than Solana in 2023 due to its relatively new technology and features which make it attractive for investors seeking a better return on investment (ROI). Although both projects are still relatively new in terms of years active, they both offer something unique which could potentially attract more users over time as they grow bigger and more stable in the market space.


In summary, Solana has been performing incredibly well since its launch and continues to show great potential as far as returns on investment are concerned; however, investors must be cautious when trading it due other cryptos like Pikamoon offering similar features but with different value propositions that may appeal more so depending on individual preferences or goals when investing in cryptocurrencies markets.

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