Why Big VCs Love Projects Like Solana (SOL) And Pre-Sale Gem Chronoly.io

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Blockchain analytics firm Glassnode states that the 2022 bear market has been the worst so far in history. Inflation, tightening liquidity, and the Terra-LUNA collapse were listed as the top factors affecting the entire crypto ecosystem. Top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) traded below their previous all-time highs (ATHs), with traders suffering unrealized losses during this period.

Crypto technologies with innovative ecosystems, like Chronoly.io (CRNO) and Solana (SOL), sustained investor attention during this time, creating a reputation of potentially surviving this bearish phase.

Founded in 2017, Solana (SOL) is an open-source, blockchain platform that hosts decentralized, scalable applications. Solana is used in the creation of decentralized applications (dApps) as well as for performing fast crypto transactions at little to no cost.

Termed as “Ethereum Killer,” Solana can handle 50,000 transactions per second, as opposed to Ethereum, which can handle 15 transactions per second. Solana is the sixth most used DeFi platform, with almost USD 8.6 billion locked in various DeFi dApps. Given the number of projects it hosts and its supporters, upcoming developments and collaborations, analysts predict that Solana will emerge almost unscatted from the bear market.

Even though Solana’ SOL token entered the bearish phase for a short period of time in 2022, it is predicted to have a “crypto rebound.” SOL is currently trading at USD 39.39. Experts predict that Solana price will hit USD 512 by 2030 as it is a leading contender in the smart contract blockchain space that uses an energy efficient