Brave browser integrated Solana, should you buy SOL?

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Solana SOL/USD is a high-performance blockchain network specifically created for the purpose of supporting the development of decentralized applications (dApps) on a global scale by providing a high level of scalability throughout.

SOL is the native cryptocurrency token that is used to pay the transaction fees that occur within the network. 

Brave Browser’s full integration with the Solana ecosystem as a catalyst for growth

On May 3, 2022, we covered the Solana network outage and if the token could recover in value after the occurrence. 

Through an official announcement by Brave, posted on May 24, 2022, we got a higher perspective as to how Brave is pushing towards Web3 accessibility for everyone.

Specifically, with the Brave 1.39 desktop release, the company announced that they are making their first steps towards full integration with the Solana ecosystem.

Through the partnership with Solana, Brave will enable users to explore Web3 with much lower transaction fees as well as a quicker processing time when compared to the one seen in the Ethereum network.

Furthermore, throughout the upcoming months, this partnership will also enable seamless access to a growing network of dApps.

With the 1.39 client of the Brave Wallet, users are given the opportunity to buy, sell and store Solana (SOL) as a cryptocurrency, as well as hold fungible Solana tokens (SPL). They can also buy SOL and other cryptocurrencies through FIAT currencies through Ramp. 

Should you buy Solana (SOL)?

On May 25, 2022, Solana (SOL) had a value of $49.05.

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In order for us to see what this value point indicates for the Solana (SOL) cryptocurrency, we will be going over its all-time high value, alongside its performance last month. 

The all-time high of Solana (SOL) was on November 6, 2021, when the token reached a value of $259.96.

When we take a look at its performance throughout the previous month, Solana (SOL) had its highest point of value on April 2, with a value of $141.86.

However, on April 30, the token decreased in value to $90.46, which marked its lowest point value of that month. This gives us a clear perspective that the token ended up decreasing in value by $51.4 from the beginning of the month to the end of it.

When we take all of this into consideration, at $49.05, Solana (SOL) is a worthwhile purchase due to the fact that the token can increase to $70 by the end of June 2022. 

The post Brave browser integrated Solana, should you buy SOL? appeared first on Invezz.

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