- With more than $1.5 trillion in assets under management (AUM), renowned investment firm Franklin Templeton predicts that Solana will grow to be the third-largest cryptocurrency available.
- The company applauded the project’s tenacity, its ongoing airdrops, and the efforts made by developers to address the network’s recent congestion problems.
Franklin Templeton: There’s a “High Probability” That Solana Will See the Next Great Thing
The $1.5 trillion assets under management investment (AUM) firm Franklin Templeton has commended Solana’s development and said the network has what it takes to continue expanding as a component of the larger cryptocurrency market.
The company said in a social media post that Solana’s round of native airdrops helped to sustain the whole SOL ecosystem by capturing a portion of the Q4 2023 cryptocurrency acceleration.
Franklin Templeton also mentioned how resilient the network is. The decline of FTX in 2022 had a significant impact on Solana, but it was able to rebound with high adoption rates.
Solana’s scalability and low fees let it to take advantage of the meme coin movement, resulting in tokens like WIF and BONK that have maintained their position in the top 100 cryptocurrencies by market capitalization.
The company anticipates that Solana will expand because of its network effects and performance, which put it in a position to seize the upcoming crypto trends. Franklin Templeton thinks that the next wave of adoption may come from the network, where several initiatives are deploying use cases such as payments, decentralized infrastructure, and compressing non-fungible tokens (NFTs).
The organization acknowledged that Solana’s operational challenges have been brought on by the increasing activity, but it also acknowledged the efforts of the developers to address these problems as soon as possible.
The paper concluded by predicting that Solana will become the third largest cryptocurrency after ether and bitcoin, and that it would probably be the network that leads the subsequent significant wave of cryptocurrency adoption.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
