Pantera Capital Bullish on #Solana (Sol) cryptocurrency, are you?

Amid the high bearish moment for the cryptocurrencies, Pantera Capital showed full faith in Solana (Sol) Cryptocurrency.

Amid the prevailing bearish market for cryptocurrencies, Pantera Capital, a leadingblockchain technology and cryptocurrency-focused investment firm, has expressed strong bullishness towards Solana (SOL) cryptocurrency. Founded in 2003, Pantera is renowned for providing early-stage venture, hedge fund, and token fund investments in the digital asset space.

In its latest report, Pantera Capital heaped praises on Solana's blockchain technology, highlighting its rising influence over the Ethereum (ETH) blockchain, a top-ranked smart contract-enabled blockchain network. The report likened Solana's impact to Apple's over Microsoft, describing it as the “Mac OS” of blockchain.

Highlighting Solana's holistic architecture, faster innovation, improved security, and smooth user experience, the report stated:

“Solana is like the Mac OS of blockchains. It’s a fully integrated user experience with faster innovation, better security & a smooth UI. Meanwhile, Ethereum is more like DOS. Developers love it, but the user experience sucks.”

Pantera noted Solana's recent price dip but highlighted a surge in user activity driven by excitement around Solana-based meme coins, which now account for 85% of new tokens on the platform.

“Solana prices have come down a lot recently, but user activity is still surging. This excitement is largely due to meme coins on Solana, which now comprise 85% of all new tokens on the platform.”

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Meanwhile, just 3 days prior, 3iQ Digital Asset Management, a Canadian investment fund manager, announced that it has submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada for an initial public offering.

https://t.co/GrQtOWvKGOCanadian Fund Manager Files For #Solana Spot ETF

While this latest crypto spot ETF has acted as a new catalyst for bullish sentiments around the Solana market, it remains to be seen if 3iQ will succeed in securing approval for this spot ETF product.

Solana (Sol) price action

Coming to the Solana price action, just a couple of days ago, the token's trading price faced significant turbulence as a part of the usual market downfall and briefly fell below $130. However, at the time of writing, the token is trading at $134, up by 0.24%.

Pantera Capital Bullish on #Solana (Sol) cryptocurrency, are you? pic.twitter.com/S4AQU3VNo0

Read also: Saylor highlighted how Bitcoin beats all other top assets globally

News source：https://www.kdj.com/cryptocurrencies-news/articles/pantera-capital-bullish-solana-sol-cryptocurrency.html

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