- Polkadot is an open-source, sharded multi-chain protocol.
- Several bullish indicators converge on the Solana price, pointing impending surge.
Over the last 24 hours, the global cryptocurrency market capitalization jumped 3.85 percent to $1.83 trillion. In addition, trade volumes grew by 42.02 percent to $105.42 billion over the same period.
Ethereum (ETH)
Decentralized apps are Ethereum’s stated purpose, enabling people from all over the globe to build and execute software that is immune to outage, censorship, and fraud. As a result, US Dollar-denominated Ethereum surged beyond $2,750 per coin. The price of ETH is now stabilizing around $2,800 and may surge beyond $2,850 shortly.
Developers claim that the Ethereum 2.0 project will increase the top blockchains transaction per second (TPS) capability from 12 to 15 TPS to 100,000 TPS, making it suitable for centralized and decentralized finance projects, gaming, non-fungible tokens (NFTs), and metaverses.
Polkadot (DOT)
In order to facilitate the transmission of any data or asset kinds, not only tokens, between chains, Polkadot is an open-source, sharded multi-chain protocol that links and protects a network of specialized blockchains. Known as Web3, the Polkadot protocol was created to serve as the backbone of a decentralized internet of blockchains. Furthermore, Polkadot offers a foundation for a decentralized web owned by its users to facilitate the development of new apps, institutions, and services.
Solana (SOL)
The open-source Solana project uses the permissionless aspect of blockchain technology to deliver decentralized financial (DeFi) solutions. The Solana Foundation, based in Geneva, Switzerland, started work on the project in 2017; however, the initiative was not formally launched until March of 2020. Several bullish indicators converge on the Solana price, pointing to an impending surge. This assertion is supported by on-chain volume and technical indicators, strengthening the bullish case.
