Solana is a decentralized blockchain. It is developed to facilitate scalable, user-friendly apps. Solana’s native cryptocurrency is SOL. The SOL has received a lot of attention in recent days, notably during the current crypto rally. SOL runs just like how ETH works on Ethereum. The only difference is that the SOL holders stake the token to verify transactions within the PoS consensus mechanism. It also allows users to engage in governance methods, earn bonuses and pay gas fees. Solana is a single-chain, delegated-Proof-of-Stake.

The benefit Solana has over other blockchains is that it enables the blockchain to run efficiently despite network activity. In addition, Solana utilizes Cloudbreak, a shared log that blocks transaction history from using too much computer space.

A few days ago, the Solana price was able to break a higher-level trend line, which had caused prices to fall. A short time later, the price was able to rally to the $127 – $133 resistance area and was rejected. As it seems like the price will not break the resistance, for the time being, we anticipate the price to correct for the time being. This correction could result in Solana price confirming the broken trendline as support. Thus, the breakout would be confirmed and a future uptrend could be formed. In general, the daily chart indicates that the price is overbought, which is why an early correction is overdue!

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Solana reaching a price of $200 should not be hard. In fact, its all-time high price of $260 was reached back in November 2021. SOL prices crashed as part of the crypto market adjustment. In the other hand, one should consider closer price targets before eyeing the psychological price of $200.

For now, we assume that Solana prices will fall in the next few days and will therefore be bearish. A retest of the trendline could occur during the descent. After retesting the trend line, a fresh rise to the resistance zone ($127 – $133) might occur. However, here we expect a break of the resistance followed by a move up to the next resistance located around $150. Subsequently, a renewed descent to the new $127 – $133 support zone might occur.

After this short-term retracement, prices are expected to continue on their way upwards, specifically towards the psychological price of $200. It is worth noting that this scenario assumes a positive crypto market and no negative sentiment in the crypto market.

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At one point in 2017, the NFT market was worth $200 million in lifetime sales. Back then, Cryptopunks flagged the NFT bandwagon.  At the time of writing, the NFT market is standing at $10.8 billion with many projects, multiplying its growth by 1,785% annually. With such a massive explosion, the Ethereum network is choking on its success in hosting NFTs. Courtesy to the crypto-kitty event where fees went as high as $100. At the moment, there's some improvement though but it isn’t enough to fully support the entire NFT ecosystem. With the average transaction fee still at around $12.2 as per Etherscan, NFT collectors and projects want alternatives.

A power-sum game means your loss is gain for your competitor. Solana, the emerging blockchain for the NFT market, has established a stronghold as a result. TPS of 65,000 and 0.4-second transaction latency means a robust ecosystem to launch NFTs. As a result, out of 423 new projects, 120 launched on the Solana blockchain. Thus, making it a go-getter in the NFT space. If you are an NFT collector, there are many top NFT marketplaces which you should try on Solana. You can check many NFTs, interact with them at a lower gas cost. In this article, we are covering the top 3 in the space.

NFT collectors want to enter at narrow price ranges. The crux is to get the best NFTs at the lowest possible prices. That's where Solanart wins all brownie points. The marketplace provides floor price entry and it is a good head over to explore NFTs. 

Top Featured Projects 

• Aurory
• Degenerate Ape Academy
• Thug Birdz
• SolPunks
• Abstratica

Wallet Compatibility

There are many wallets that can interact with the NFT marketplace. Here are a few notable mentions;

• Sollet.io
• Sollet Extension
• Phantom
• Solflare

On Digitaleyes market, NFT collectors can get only the verified collections. The marketplace has parameters for NFTs making entry difficult for all projects. This is generally done to flush out overcrowding in the marketplace. That said, if you are up for some of the famous NFTs, check out Digitaleyes Marketplace.

Top Featured Projects 

• Abstratica 
• Solarians
• Thug Birdz
• Solana Monkey Business
• Degenerate Ape Academy

Wallet Compatibility

• Sollet
• Phantom
• Solflare
• Solong

Solsea marketplace enables licensing of NFTs. Thus, the seller has full control over the creative art even after-sales. On top of this, the marketplace allows further tweaking:

1) Public and Private Listing

2)Listing sales in many currency formats (USDT, SOL, SRM)

3)FTX pay enabled for non-crypto users

4)3 D View of NFTs

5) Faster UI & UX

Top Featured Projects 

• Crypto Idolz
• Degenerate Ape Academy
• Flippies

Wallet Compatibility

• Sollet 
• Phantom 

Solana entered the market as an ETH killer. Over time, as the NFT craze intensified, the ecosystem has grown in community and project preference. At the moment, one can only be patient and see since once Solana has gone through a DoS attack. Such events ring a bell but the NFT space is ready to embrace the new blockchain ecosystem for sure. 

Note:

TPS: Transaction Per Second