Franklin Templeton Predicts Next Big Altcoin After BTC (Bitcoin) and ETH (Ethereum)
- Global investment giant Franklin Templeton believes that altcoin Solana (SOL), which powers the high-speed blockchain of the same name, has the potential to become the “third largest crypto asset” alongside established giants Bitcoin (BTC) and Ethereum (ETH).
- This optimistic view comes after a recent analysis by the firm’s crypto assets unit, highlighting Solana’s impressive growth trajectory.
- As of the writing of this article, SOL is trading at $143.34, reflecting a daily increase of approximately 3%.
Franklin Templeton sees potential in Solana (SOL), predicting it could become the third largest crypto asset. The altcoin’s impressive growth and current trading price of $143.34 support this optimistic outlook.
Franklin Templeton Focuses on Altcoin Solana
The report details the significant increase in both total fees collected and decentralized exchange (DEX) volumes on the altcoin Solana network over the past year. Analysts at Franklin Templeton attribute this growth to Solana’s network effects, which strengthen as more users join the ecosystem. This efficient cycle is further bolstered by Solana’s impressive technical performance. The network boasts some of the lowest transaction fees, fastest transaction times (latency), and highest data output compared to its competitors. The report emphasizes that “this is where Solana truly shines”.
