Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever
The cryptocurrency landscape highlights five notable layer 1 Solana competitors that investors should consider for enduring value. These include Fantom (FTM), Injective (INJ), NEAR Protocol (NEAR), Toncoin (TON), and TRON (TRX).
Each currency introduces unique advancements and is experiencing increasing market presence, which makes them attractive investment options. Their technological breakthroughs and expanding user bases suggest a potential for a significant impact on the digital currency market.
1. Fantom (FTM)
Fantom (FTM) is a decentralized, cutting-edge, open-source platform tailored specifically to DApps and digital assets. As a robust alternative to Ethereum, Fantom seeks to transcend the barriers posed by first-generation blockchains through its commitment to scalability, security, and decentralization. This platform positions itself among top contenders, like five must-buy-and-hold Solana rivals.
Fantom price chart
In recent market activity, Fantom has demonstrated a positive trajectory, marking a notable gain of over 2% in the previous week alone. The price of Fantom is $0.5868, showing an impressive 4% increase within the last 24 hours. According to the latest data from CoinMarketCap, Fantom occupies the 51st rank, boasting a market capitalization of $1.6 billion.
2. Injective (INJ)
Injective (INJ) is pioneering advancements in the financial industry with its state-of-the-art, transparent, and compatible layer-one blockchain. This platform fuels a new wave of DeFi applications, including decentralized markets for spot and derivative trading, prediction platforms, and borrowing services.
Injective aims to rival Ethereum’s market position and redefine transaction speed and cost benchmarks, where competitors like Solana have set high standards.
Currently, the INJ token is priced at $21.24, reflecting a 4% rise over the past day. This increase signifies escalating confidence among investors, positioning it as one of the top five Solana contenders to invest in and hold indefinitely.
3. NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is emerging as a prominent player in decentralized cloud computing. It addresses key blockchain challenges such as sluggish transactions, limited capacity, and poor interoperability. Positioned 17th on CoinMarketCap, NEAR boasts a market capitalization of $5 million.
Over the last day, the Near Protocol price has increased by 0.40%. Impressively, its price has skyrocketed by 207% in the past year. This significant growth positions NEAR as a top competitor to Solana, making it a compelling choice for long-term investment.
4. Toncoin (TON)
Toncoin (TON), facilitated by Telegram, transforms blockchain with its innovative layer-1 solution. Designed for widespread adoption, it ensures low costs and rapid transaction speeds, enhancing its scalability and user accessibility.
Currently, Toncoin is priced at $7.50, marking a 3% decrease over the last day and a 7% fall over the week. Despite recent declines, TON has risen by 422% this past year. Now ranked as the eighth largest cryptocurrency, with a market cap of $17 billion, TON showcases a strong market presence.
5. TRON (TRX)
TRON (TRX) continues to advance in the decentralized entertainment industry. Its value has surged by 65% over the last year, signaling a strong increase in investor interest and platform usage. This cryptocurrency has seen its Total Value Locked rise steadily, enhancing its profile in the decentralized finance (DeFi) sector.
TRON price chart
Currently, TRON price is $0.1193. With a market capitalization of $10 billion, TRX now holds the 11th position globally among cryptocurrencies. This growth marks TRON as a key competitor to Solana and other leading digital currencies, suggesting its potential as a long-term investment.
Bottom Line
Investing in these cryptocurrencies could be a strategic move for those aiming to diversify their portfolios with dynamic and growing digital assets. As they continue to innovate and expand, their long-term potential becomes increasingly apparent.
The post Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever appeared first on CoinGape.
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