As the cryptocurrency market gets closer to the distribution of assets from the FTX failure, some experts are advising investors to adjust their portfolios. This is especially true as it concerns Ether, Cardano, or Polkadot. Although these projects have defined the Layer 1 space in previous years, people are starting to look at Solana (SOL) and Sui Network (SUI) as possibly being the next leaders for the next generation of DA/infrastructure.
Solana is a Project that has been trading around $150 for over 200 days and is now ready for a new rise. Although Solana has faced consolidation in its ecosystem, the community believes that Solana’s specific technological strengths will allow it to lead the charge on “Layer 2.0.” Professionals in the industry state that factors such as the natural development of Solana and the strong DeFi position of Solana protocol could lead to a 5x expansion in Solana’s value by the end of 2025.
The primary strength that has been given to Solana, software, and the beneficial network of strategic partnerships within the blockchain space. This is argued to be capable of delivering the second internet as mentioned earlier in this paper. Furthermore, its yields on native DeFi are stated to be some of the highest in the market operated by large transactions.
While Solana has taken its fair share to consolidate, now the Sui Network is getting the attention of investors, especially after its recovery phase. With Sui on the rise as one of the key Layer 1 systems, it may soon become more dominant than such platforms as Cardano in terms of capitalization and attempted control. The incentive is in the ability to become the number one choice for businesses that would like to build the decentralized applications of tomorrow.
Read CRYPTONEWSLAND onAnalysts think Sui might pull back to the $1.60-$1.70 levels before rallying past the previous record-high price of $2.30. The current period of discovery of the true price might be effective for both low-risk and high-risk investors.
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