Cryptocurrencies have become the major grist for the investment mill due to their faster adoption rate than the internet itself. The decentralized digital asset is believed to hold limitless potential for leveraging higher profit margins.
In recent times, people have started seeing the crypto world beyond Bitcoin and are making Altcoins a part of their investment pockets too. Moreover, the experts believe that cryptocurrency adoption and use cases are expected to soar over 1 billion by 2026.
Being a decentralized structure, cryptocurrencies eliminate the role of intermediatory and their associated cost too. Thus, cryptocurrencies have transformed the way investment portfolio looks.
Determining the Performance of Cryptocurrencies
the lower market rate struggles to showcase their potential.
Top 5 Cryptocurrencies Dominating the Market
It is an emerging cryptocurrency that has shown a significant rise in the past months and made it to the top 7th cryptocurrency with a present market cap of $ 551.8 billion. Solana is the smart contract platform competing with Cardano and Ethereum, Moreover, its association with the native NFT marketplace is the major reason behind the success of Solana and leads to its progressive association with Degenerate Apps too.
The virtual currency has attracted more than 400 projects including several Defi projects. The platform claims to process around 50,000 transactions per second with the least cost of $0.01 per transaction. In September 2021, Solana was observed at $175.79 with the growing expectation of 2224% and an annual return of 46.3% by 2030.
Other Emerging Cryptocurrencies in the Market
3 Swipe (SXP) is the ERC-20 token with a present market cap of $509 million and is potent to grow with heavy investments.
A Way Ahead