Ten years ago none of us have ever imagined that blockchain technology will be part of our daily life and future digitalization. Over the years technology has developed so much that most of our work can be done by using the latest technology. Looking at the recent development of technology it won’t be surprising for anyone of us. If we say traditional transaction and financial system may look outdated in next few years. Sologenic is a kind of blockchain-based platform that is changing the world of finance. So let’s see how this project is planning to do these things and also find out Sologenic (SOLO) Price Prediction based on expert’s analysis.
What is Sologenic?
Sologenic is one of the most advanced ecosystems built on the top of the XRP ledger. This platform has been designed to provide low-cost and secure on-demand tokenization of assets that are not built on blockchain. Users can trade 40,000 stocks, ETFs, and commodities from 30 exchanges all around the world easily by using the SOLO token. As users from all over the world can buy and sell stocks in their favorite companies with the help of SOLO token they will save the traditional brokerage fees.
This project aims to become the most powerful blockchain-based project by connecting the bridge between the traditional finance market and cryptocurrencies. Along with that, this project is working hard to make the adaptation of crypto easier all over the world.
This platform works on the Proof-of-Solvency mechanism that will help users to audit any of the assets at any time. To provide security to users and exchange funds this platform is following the cybersecurity standards. Sologenic claims itself as one the fastest blockchain networks available in the crypto market. It has the potential to process 1,500 transactions per second.
Sologenic (SOLO) Details:
|Total Supply||400,000,000 SOLO|
Sologenic (SOLO) Price Prediction:
As we have seen earlier this project is using Proof of Solvency and it gives users the freedom to audit any of the underlying assets. And that’s one of the key features that makes it unique from its competitors. Very soon Sologenic is going to launch their crypto credit card so the cardholders can similarly spend their crypto as they spend fiat money. Additionally, they will also get 2% of cashback. But the SOLO card users need to stake a certain amount of SOLO tokens and this will indirectly provide price stability to this token.
Recently the officials of Sologenic have announced a major Airdrop of SOLO tokens. The airdrop of $200 million SOLO tokens will be distributed to the XRP and SOLO token holders. After this announcement, the price of the SOLO token has raised significantly.
But there is a chance that after getting the airdrop SOLO tokens user might sell them so there is a chance that its price may get collapsed after a few weeks. As per the experts Sologenic (SOLO) Price Prediction by the end of 2022, this coin will cross $8. And for long-term predictions like in the next five years, this coin will reach $35.
As Sologenic is not only the crypto project that is working on tokenization and securitization but there are so many projects out there in the market. So this project will have to go through massive competition from established projects like Tezos. It’s been more than a year since to launch of the Sologenic project and still this project hasn’t got enough adaptation. And that’s the main problem for this project moving ahead. But this project definitely has potential and there are so many reasons that we believe that Sologenic will become one of the leading projects in this field.