Few assets have been as hyped and buzzed about in 2021 as Solana. The reason being is due to the self-proclaimed “fastest blockchain in the world” becoming the first worthy Ethereum killer to come out swinging.
Since the start of “the year of Solana”, the altcoin has risen the ranks of the total cryptocurrencies by market cap sharply and brought investors a year-to-date ROI of nearly 15,000%.
The soaring altcoin has taken the crypto community by storm and caught the attention of the award-winning advanced trading platform PrimeXBT, which has now listed Solana (SOL) as part of a more extensive asset listing involving six other altcoins.
PrimeXBT Debuts Seven New Crypto Assets, Including Solana
In a surprise announcement, PrimeXBT took its already massive list of trading instruments to closer to 60+ by adding seven new top trending altcoins, including Solana. The rest of the list features Cardano, Dogecoin, Polkadot, Uniswap, XRP, and Chainlink.
All altcoins are available with up to 1:20 leverage for margin trading and 1:10 for Covesting strategy managers. Both Covesting strategy managers and their followers stand to gain substantially from the addition of such a volatile asset added to their arsenal.
More information about conditions, fees, and trading pairs can be found on the PrimeXBT website or via the official blog announcement. The altcoins join Bitcoin, Ethereum, Litecoin, and EOS, in addition to forex currencies, gold, oil, and stock indices like the S&P 500 and FTSE.
Why Solana Has Been Surging All Throughout 2021
As a standout among the pack, Solana has the cryptocurrency community talking, and for good reason. Ethereum has long been the most popular blockchain around but faces severe scalability challenges that users have had to pay for through exorbitant ETH gas fees.
The boom in DeFi and NFTs has only made matters worse, even as the Ethereum 2.0 upgrade phases roll out. Solana has come into popularity due to its claim of being the fastest blockchain in the world, with the fastest-growing ecosystem for user-friendly apps.
Solana, founded by Anatoly Yakovenko, can support DeFi, NFTs, and is entirely future-proof. As hardware gets faster, so does the network itself. It is also low-cost, sustainable, and can facilitate transaction speeds of up to 50,000 transactions per second.
Go Long Or Short Solana As The Future Of Crypto Takes Shape
With the information above, it is easy to see why Solana has become the talk of the crypto industry as of late and why it surged nearly 15,000% in 2021 alone. Since its debut a year earlier, the cryptocurrency has brought investors more than 100,000% – no joke.
The altcoin superstar has caught the attention of all major players in the market, including PrimeXBT. The margin trading platform has added SOL, in addition to ADA, DOGE, UNI, LINK, XRP, and DOT, alongside existing mainstays such as stock indices, commodities, forex currencies, and other crypto assets available from a single account.
The new assets are just scratching the surface of all that PrimeXBT has unleashed for innovation over the years, with much more ahead. In several weeks from now, the Covesting Yield Account module will make its long-awaited debut, adding up to 35% APY on idle crypto assets.
With BTC, ETH, USDT, or USDC-based margin accounts that arrived with the platform’s V2.0 upgrade, users of the award-winning platform can trade Solana and any of the other recently listed altcoins. PrimeXBT also provides untouchable competitive advantages, such as the ability to access both traditional and crypto markets from a single account, personalized service with dedicated account managers, the highest level of asset protection, advanced order types, built-in charting tools, and more. With all these assets under one roof, a widely diverse trading portfolio can be built, and no opportunities need to be left behind. To find out more information, check out the official PrimeXBT blog.