Cryptocurrency is something that every investor should have as part of their portfolio. The bull run of 2021 brought the industry into the limelight with nearly every major crypto reaching a new all-time high and making many millionaires along the way. Solana (SOL) saw a 17000% increase throughout 2021 to become one of the most established names in the game.
Is Solana A Good Investment In 2022?
Solana is the number 1 rated “Ethereum Killer”. It features exceptional transaction speed and costs pennies compared to the Ethereum (ETH) network. Whilst there is a good chance that $SOL will continue to increase in price as the year goes on, the opportunity to achieve a performance of 17000% again is unlikely. Two projects that could provide crypto investors with similar gains over the coming months are Gala Games (GALA) & Pacman Frog (PAC).
Leading The Crypto Gaming Revolution
Gala Games (GALA) is a leading crypto gaming platform that plans to create games “you’ll actually want to play”. With over 16,000 registered members within its ecosystem already, the price predictions of $GALA are that it will at least 10x from its current price of $0.216 within the coming years. Currently, Townstar is the only game to have launched on the Gala Games network. This is a farming simulator where you can purchase NFTs to use as in-game assets which in turn can then earn you $TOWN.
Several new games in development look set to be released over the coming months and years. Some of these are:
- Spider Tanks
- The Walking Dead: Empires
Once all of these titles are released and established the price of $GALA will likely experience strong upwards movements, cementing its place as the crypto gaming market leader.
Leaping Into The Metaverse
Pacman Frog (PAC) is an exciting new cryptocurrency entering the market that has plans to change the way GameFi exists today. Pacman Frog is built on the Solana ecosystem, capitalising on its cheap gas fees and ultra-fast transactions.
Pacman Frog will build a decentralised community by offering a range of services to benefit every person that uses the platform.
- The Simple Launchpad will enable users to participate in upcoming initial DEX offerings (IDOs) by being able to secure whitelist spots much easier
- The NFT Launchpad will disrupt the current structure that NFTs are distributed by offering Initial NFT offerings (INOs)
- The Game Incubator will provide upcoming gaming entrepreneurs with the skills and tools needed to run a blockchain game studio as well as promote and market their product.
- The Pacman Frog Academy will be an educational tool used to develop the skills of everyone in the crypto space to help learn about topics such as the blockchain and NFTs.
Can Solana Reach $1000?
If we move back into a bull market and money begins swinging back into the crypto world like it did throughout 2020 and 2021 there is no reason to believe that Solana couldn’t reach $1000. It can process up to 50,000 transactions per second for just a fraction of the cost of Ethereum (ETH)
However, when Ethereum finally releases its much-anticipated 2.0 version, all of it could blow all of the competition out of the water, including Solana (SOL), but also Avalanche (AVAX) or Terra (LUNA). However, no schedule has been announced by the Ethereum Foundation regarding Ethereum 2.0 going live, leaving a launch entirely up to speculation.
As adoption of the Metaverse becomes more universal it is highly probable that the early platforms in the space will reap the biggest rewards. Gala Games and Pacman Frog could be two of the most successful metaverse projects over the coming year and should certainly be on your watchlist.
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