Solana: Over 80% down from all time highs and not investors switch
Solana (SOL) launched in 2020 and promised to scale crypto networks and increase transaction speeds. Enthusiasm about the project boosted its token price (SOL) to an all-time high of $260, but that price has fallen to $38 now. This is not good news for investors, and they are currently looking for a better project to invest their money in. Even though Solana’s (SOL) 24-hour trading volume stands at approximately $800 million, it would take a lot to convince investors not to leave it for the Degrain (DGRN) token.
The issue is similar to Polkadot (DOT). Polkadot (DOT) also launched in 2020, aiming to facilitate cross-blockchain transfers. Its token, DOT, reached an all-time high price of $55 but has since been on the decline. Most investors could not get value for their money because its price is currently under $7. Taking into account that Polkadot’s (DOT) 24-hour trading volume is just over $500 million and falling, it’s no surprise investors have more confidence purchasing new upcoming NFT protocol Degrain (DGRN).
What Degrain has to Offer
Degrain is pipped to be the future of NFTs. Not only is Degrain launching the first ever cross-chain NFT trading platform, but it intends to work with real-world companies to utilize the benefits of Web3 technologies. Analysts have
Degrain will have cross-chain capabilities so that people can send their NFTs across different networks. This flexibility will give NFTs traders accessibility that they would not otherwise have.
Degrain will support real-world activities by helping companies seamlessly issue IP licenses. It will also support the fostering of communities, which will encourage networking between owners of the NFTs of the same collections. Companies will use this community formation to their benefit as it helps grow audiences for their marketing purposes.
Degrain is unlike any NFT project in the market today. It offers more utilities than most, and its token gives people a genuine chance of getting rich. With the colossal enthusiasm surrounding the project, its token is expected to have a massive spike in value, similar to the boom Shiba Inu experienced in 2021. This prospect has attracted investors, including holders of Solana and Polkadot. Analysts expect this growth to continue far into the future and be sustainable.