in 2022 Left (LEFT) had many problems. The altcoin network is a network with a certain degree of centralization, in addition to a network that needs repair. cryptocurrency became known for its cuts that disappointed its investors.
Solana (SOL) Co-Founder Highlights Altcoin Challenges in 2023
These were not the only problems. As with other altcoins, SOL experienced sharp market corrections, but there was an aggravating factor.
Sam Bankman-Fried (SBF), the former CEO of the failed crypto exchange FTX, bought a lot as a major proponent of the altcoin, resulting in Solana being associated with one of the biggest scandals in the blockchain industry.
However, we are now in 2023 and things seem to be going well for the altcoin. SOL token was one of the highlights, with an impressive 63% increase in the first 11 days of the year. Bonk’s altcoin meme launched on Solana’s network (BONK) no doubt contributed to it.
Part of the chaos seen on the altcoin’s blockchain was due to innovations, partly due to the excellent usability of the network. Whatever the reason, this has shaken investor confidence.
Regarding SOL’s network wither Co-Founder Yakovenko is also excited about the programming function in the crypto blockchain. One of the new features highlighted by the entrepreneur is a new token standard called Token-22.
Its functionality will focus on the development of new applications. An example is collecting royalties on transfers.
These developments are crucial to help crypto investors regain confidence in Ethereum’s competitor. With a stable and easy-to-develop network, Solana can once again take its place in the top 10.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!