3 reasons why Solana (SOL) price could see additional upside in 2022
Solana (SOL) has become a top contender in the smart contract industry and in the past year the network's total value locked (TVL) grew by $660 million and stretches across more than 40 decentralized applications to hit an all-time high above $11 billion.
Even with this growth, investors have reason to question whether the current $56 billion market capitalization is justified and how it compares to competing networks like binance smart chain (BNB), Avalanche (AVAX) and Polygon (MATIC).
By analyzing the past 6-month price performance, there's an apparent decoupling from Terra (LUNA), Solana and Avalanche when compared to other smart contract platform competitors.
Solana's market capitalization is more than double Avalanche and Terra which have
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