Solana has the potential to become 'the Visa of crypto' 🔥
Solana has the potential to become "the Visa of crypto," according to Bank of America.
In a research note, analyst Alkesh Shah argued that Solana's value lies in how it can handle thousands of transactions per second — with real-time data from the project stating that each transaction commands fees of"Its ability to provide high throughput, low cost and ease of use creates a blockchain optimized for consumer use cases like micropayments, DeFi, NFTs, decentralized networks and gaming.
Looking ahead, Shah believes that Solana has the potential to meaningfully eat into Ether's market share — and CoinMarketCap data suggests ETH dominance currently stands atThis has the potential to translate into a big boost for SOL's price, considering that its market cap of"Ethereum prioritizes decentralization and security, but at the expense of scalability, which has led to periods of network congestion and transaction fees that are occasionally larger than the value of the...
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