Analysts said Solana could bring in a billion people to the crypto space

• One analyst believes Solana will attract more people to the Crypto world than a majority of networks.
• Furthermore, the Solana network will overtake Ethereum as the most adopted blockchain.

According to a crypto analyst, Ethereum’s biggest competitor, Solana, could bring a billion users to the crypto world. The analyst from InvestAnswers pointed out that the historical activities of the Solana network exceed the limits, hoping that the network will soon break the boundaries of the blockchain ecosystem. He points out that crypto enthusiasts should not consider the Solana network a mere chain in the crypto space. The network has the potential to become the second most used network in the crypto industry. In particular, Ethereum has remained the best community technology powering digital money, global payments and building decentralized applications.

Russian computer engineer Anatoly Yakovenko and Indian entrepreneur Raj Gokal founded Solana Network. These crypto enthusiasts are determined to bring a billion people to their network. To achieve their goal, they are ready to test the limits of the blockchain. They are guaranteed to be well equipped to bring this proposal to life. Web2 has recorded many crashes recently, which are typical results of testing the limits of a system. It is a core development phase that prepares a system for better functionality.

In a closed discussion with the popular cryptanalyst, he discussed a lot about the situation of the Solana network:

…think of the chain. Consider the scale. Yes, the code needs improvement. Yes, stability is key. It is still in beta. It’s still a very young chain and adoption is way beyond my wildest dreams as of March 2021. I thought that [Solana would] eat Ethereum’s lunch at this rate? No.

Important reasons why Solana was able to attract more people to the crypto space

The analyst had previously predicted a bullish run for the Solana ecosystem. Earlier this year, Solana was named Ethereum’s biggest competitor. In a YouTube video, he revealed reasons why Solana has a potential advantage over Ethereum in the crypto world. He thinks SOL is a potential ETH killer, even though it has a twelfth of the ETH market cap, “it does a lot of things.” The cryptoanalyst has also outlined why Solana is still strong in the industry.

The strength of Solana, and the reason I still like it, is that they have the widest breadth of DApps [decentralized applications]of any chain out there. They have exponential adoption. Fast, cheap, scalable. Despite the blackout… It also has Rust, the most preferred development language that drives the most development activity in any chain. Sixty-five thousand [transactions per second]. No need for layer-2s and SOL DApps have more daily active users than Ethereum DApps, which is a bit staggering, because Ethereum has about 3000 DApps and SOL has about 750.

Solana is currently ranked as the ninth largest cryptocurrency by market capitalization, valued at $11,946,089,600. The coin is trading at $33.64, and has gained 3.71 percent in the last 24 hours.