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- Global investment giant Franklin Templeton, managing $1.5 trillion, claims Solana is ready to become the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH).
- Despite a major crash following FTX’s bankruptcy in November 2022, Solana (SOL) has recorded a record increase of over 1500% since January 2023.
- Analysts at Franklin Templeton highlighted Solana’s resilience, ongoing airdrops, and the success of SOL-based meme tokens as factors contributing to its potential rise to the top three cryptocurrencies.
Franklin Templeton, a global investment giant, predicts Solana’s rise to the third largest cryptocurrency, citing its resilience and successful performance.
Franklin Templeton’s Prediction for Solana
Franklin Templeton, managing $1.5 trillion, has made a bold claim that Solana is ready to become the third largest cryptocurrency after Bitcoin and Ethereum. This comes after Solana’s impressive recovery from a major crash in 2022, recording a record increase of over 1500% since January 2023.
Solana’s Resilience and Performance
In a recent report prepared by Franklin Templeton analysts, it was stated that the Solana network saw a significant increase in total fees and decentralized exchange (DEX) volumes last year. Despite issues within the network, the analysts expect Solana’s growth to continue, highlighting its resilience. Alongside its robustness, the ongoing airdrops and the success of SOL-based meme tokens have also positively impacted SOL’s price.
The Potential of Solana
Crypto enthusiasts are always curious about the next big thing in the crypto world. While we may not have a definitive answer, we believe there’s a strong possibility it could happen in Solana. With its network resilience, ongoing airdrops, meme token success, and recent resurgence, Solana has proven its strength. Therefore, we believe Solana has the potential to become the third largest cryptocurrency in the market.
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Conclusion
Given Solana’s impressive recovery and performance, as well as its resilience and the success of its meme tokens, it’s not surprising that Franklin Templeton predicts a bright future for the cryptocurrency. Whether Solana will indeed rise to become the third largest cryptocurrency remains to be seen. However, its potential is undeniable and it’s certainly a cryptocurrency to keep an eye on.
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