The price of Bitcoin plummeted, causing cascading sales earlier this Thursday (11). Now, analysts expect a new altcoin season led by competitors of Ethereum (ETH), such as Solana (SOL).

As noted by the analyst Ekta Mourya, from FXStreet, institutional investors have injected more than $7 million into Solana, Cardano and Polkadot products.

Specifically about Solana, she highlighted that recent developments have the potential to boost the value of the cryptoactive.

As an example, she cited the partnership between Solana and Brave:

“Brave will integrate the Solana blockchain into the browser, providing support for the standard Solana ecosystem for Brave’s 42 million monthly active users and 1.3 million verified creators.”

SUN

According to the privacy-focused browser team, Solana’s native and decentralized cross-chain apps (DApps) will soon be the default on Brave.

In addition, the team stated that the partnership is driven by “user and developer demand”, cost considerations and the need to increase the adoption of decentralized finance (DeFi) and decentralized networks.

“The Solana blockchain allows for faster and lower-cost transactions. And it helps in adopting DeFi and Web3. The high transaction fees observed on Ethereum prevented some users from performing transactions”, they said.

Today, Solana is one of the fastest public blockchain protocols in the world. After all, the network offers the opportunity to scale transactions for just $0.001 to $0.002 per transaction

As Brave highlighted, the SOL blockchain will encourage developers to use the Basic Attention Token (BAT) in Solana dApps.

Also read: Discord CEO denies plans to integrate Ethereum into the platform

Read also: Litecoin is not dead, but preparing for big rally, says trader

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