Could Solana Help You Retire Early?
Since launching in April 2020, Solana (CRYPTO: SOL) has generated a monster return of 1,200%. This performance easily crushes that of the S&P 500 and Nasdaq Composite Index. It even trumps the increases of Bitcoin and Ethereum (CRYPTO: ETH), the two most valuable cryptocurrencies, in the same time period.
But can Solana continue its rapid climb in the years ahead and help you retire early? Let's take a closer look.
Like Ethereum, Solana allows for the development and functioning of smart contracts, which opens the network to the creation of various decentralized applications, like decentralized finance protocols and platforms for non-fungible tokens. At its peak at the height of crypto asset boom in November 2021, Solana had more than $10 billion in total value locked on its blockchain. This is the amount of money that has been deposited into different apps.
Source Fool.com
