SOL price forecast after Google Cloud becomes validator and Circle adds support

SOL price forecast after Google Cloud becomes validator and Circle adds support
фото показано с : invezz.com

2022-11-8 13:07

Google Cloud made an announcement that it is running a validator on the Solana (SOL/USD) blockchain and will add features that will welcome new developers and node runners.

USD Coin (USDC/USD) issuer Circle announced that it will launch Euro Coin (EUROC) and cross-chain transfer protocol on Solana in the first half of 2023.

Solana is essentially a decentralized blockchain that is built to enable scalable, user-friendly applications and is powered by its native cryptocurrency, the SOL token.  

Google Cloud validator launch and Circle support as catalysts for growth

In the latest Solana news, on November 5, 2022, Google announced that the Google Cloud service is running a block-producing Solana validator to participate in as well as validate the network. 

Google Cloud is planning to bring its Blockchain Node Engine to the Solana blockchain in 2023. 

Then on November 6, 2022, Circle made an announcement that they will bring Euro Coin (EUROC) and cross-chain transfer protocol to Solana in early 2023. 

This further drives Circle’s commitment towards expanding their support of Euro Coin on additional chains and providing developer access to a permissionless cross-chain infrastructure.

Should you buy Solana (SOL)?

On November 7, 2022, Solana (SOL) had a value of $31.385.

SOL/USD Chart by Tradingview.

The all-time high of Solana (SOL) was on November 6, 2021, when the cryptocurrency reached a value of $259.96. Here we can see that at its ATH, the cryptocurrency was $228.575 higher in value, or 728% higher.

To truly get a better perspective surroundings its performance, we will be going over its weekly performance first. Here, SOL had its low point at $30.35, while its high point was at $38.03. Here we can see an increase in value of $7.68 or by 25%, showcasing a bullish outlook.

However, when we go over the performance SOL showcased within the last 24 hours, its low point was at $31.02, while its high point was at $36.36. Here we can see an increase of $5.34 or 17%.

With all of this in mind, SOL can climb to a value of $40 by the end of November 2022, making buying SOL a solid opportunity for investors.

The post SOL price forecast after Google Cloud becomes validator and Circle adds support appeared first on Invezz.

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Источник: invezz.com

usd sol → Результатов: 106


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The government surveillance whistleblower Edward Snowden ended up revealing that he played a pivotal role in the creation of the privacy token known as Zcash ZEC/USD.  There was a video posted by Zcash Media that featured an interview with Snowden, where he outlined his involvement as one of the six people who had a piece […] The post High-growth potential tokens that should not be missed this week: SOL, ZEC and AVAX appeared first on Invezz.

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Solana SOL/USD is a public and open-source blockchain platform that enables smart contract functionality, non-fungible tokens (NFTs) alongside a variety of decentralized applications (dApps). The native cryptocurrency token that powers the Solana blockchain is known as SOL, a token that provides network security through staking.

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Solana SOL/USD is a web-scale blockchain that is intended to provide quick, secure, scalable as well as decentralized applications and marketplaces.   The main point of appeal for the Solana blockchain in the eyes of many developers is its ability to theoretically process 50,000 transactions per second (TPS) with a low cost per transaction.

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