Nov Solchicks P2E Success & Soldex Launch in Dec | Will Solana Overtake ETH in 2022?

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Nov Solchicks P2E Success & Soldex Launch in Dec | Will Solana Overtake ETH in 2022?

With the recent super successful release of the new Play-to-Earn game Solchicks, and the soon to be launched Soldex.ai decentralised exchange (DEX) the popularity and functionality of the Solana network can not go unnoticed. People in the crypto space are starting to wonder whether Solana could be the token to topple ETH from its #2 market cap position.

Solana was launched in 2020; after that, it showed a mind-blowing performance the very next year. It emerged as the ‘Ethereum Killer’ just a few months after launch. Now it is gaining popularity in Defi, NFT and gaming sectors and is about to launch its first ever decentralised exchange (DEX) in December 2021 with Soldex.ai. According to Solana, Soldex (SOLX) holders will be able to exchange SOLX at speeds greater than 50,000 transactions per second and will not have to contend with the high gas fees that Ethereum is so well know for.

Solana has been in the news a lot recently with a Solana-based startup raising $4.3 million from leading venture capital firms. The concept of the metaverse is gaining more popularity these days and with more an more people tuning in to the Metaverse, Solana is looking well positioned to take advantage of the rising trend.

Solice, for example, is a cross-platform PC and VR (Virtual Reality) game built on the Decentralized and Sandbox concepts. A recent successful funding round was led by top names like Three Arrows Capital, Jump Capital, Solar Eco Fund, KuCoin Labs, etc.

Another major solana success is the play-to-earn fantasy game, SolChicks, which received funding from 113 different venture capital funds and is the fastest growing and largest P2E in the Solana ecosystem. The game is built on Solana, and it quickly became the talk of the town at the end of November 2021, with over 50,000 players completed the SolChicks game demo in its first week of release.

SolChicks | Solanart

Can Solana close the gap over with its next rival Ethereum? Although there is currently more than 10x price difference between the two tokens, the growth and the numerous network advantages of Solana over the less advanced Ethereum has led a lot of people to ask whether Solana could indeed become #2 in the crypto market in 2022.

Everything seems positive in the market for Solana, it was primed to break the November record high level as per the Solana prediction, however, the recent downward pull of bitcoin has pulled Solana and all altcoins off-course with it.

Is it the right time to invest in this coin? It is a million-dollar question. With the recent bitcoin crash pulling all altcoins down with it, now could be the cheapest it will be ever again.

Disclaimer: This article does not represent any investing advice. All crypto investments come with inherent risks so ensure you do your own research and only invest what you can afford.

 

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