Ad Code

Best cryptocurrency to invest in 2021 and 2022

Best Cryptocurrency to invest in 2021 and 2022

Are you planning to invest in cryptocurrencies and struggling to find the one profitable crypto to invest in? Here is the best crypto to invest in. The crypto currency discussed here has a potential to grow by 713% and more by 2022, you can imagine the growth just by seeing the numbers. 

Their are various reasons for this digital currency to grow at that rate. let's find out the reasons.

(1)Best Cryptocurrency to invest in 2021 and 2022
(2)Is Solana a good investment?
(3)Solana Price Prediction
(4)Why is Solana going up
(5)Competitors of Solana
(6)All time high price of Solana and Ethereum 

Best Cryptocurrency to invest in 2021 and 2022

Before investing in cryptocurrencies one must understand 'what are cryptocurrencies'?
A cryptocurrency is a money which does not exist in the physical world in other words a crypto or cryptocurrency is a digital token or coin that has values fluctuating according to the money invested in them.
There are many cryptocurrencies launched in the market, some famous names are 
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cardano
5 best Cryptocurrencies to invest in 2021

Out of all cryptos one has performed extraordinarily since it was launched, The crypto is Solana and its coin is SOL

Is Solana Coin a Good Investment?

Solana coin features a tons of users and applications. This crypto has achieved more popularity than other cryptos such as doge coin. considering the seriousness of Solana coin, it is a good crypto to invest in by the end of this year. 

If somehow the value of this coin drops due to technical issues, traders should think on buying the coin during the dip.

Being a public blockchain platform it is open sourced and decentralized. The crypto is being considered as a potential long-term rival of Ethereum.

Solana Price prediction

According to the predictions of Coin Price Forecast, SOL can reach upto the value of $500 by the end of this year and could possibly double this figure by the end of 2022. Not only that, the venue experts are expecting that the value crypto could reach a price of $2000 amidst 2023.

The value of the coin has increased from $1 to $216 in just 8 months and was in the green with 20% rise yesterday. The extraordinary performance of Solana is expected to continue in 2022 as well and if nothing goes wrong the coin will continue to grow in 2023 and 2024 as well.

Why is Solana Going Up?

The value of the crypto currency is bullish and was the same way from the very beginning, the main reason for the skyrocketing growth of SOL is the investors backing the coin. 

Investors such as FTX's and CMS are the big names which are investing/backing Solana, moreover, SOL finds its place in the portfolios of many famous investors like Multicoin, Sino capital, etc., these investors are backing the crypto with an "Ethereum-Killer" narrative. This could be the main reason for the cryptocurrency to grow exponentially in the past 8 months. 

Competitors of Solana 

With many coins launching almost everyday Solana is mainly competing with cryptocurrencies such as Ethereum and with the current growth rate it can compete Bitcoin in next 10-15 years.

Many cryptos referred as "Ethereum-Killers" have never been able to stand up to Ethereum, but Sol alone has played a crucial role in sweeping users away from the ETH environment. 

Solana graph-Best cryptocurrency to invest in 2021
Graph representing SOL growth on Friday

All time price of Solana

Step by step guide to invest in Cryptocurrency-Best tips

Both Ethereum and Solana are public blockchain platforms, are open sourced and decentralized also both cryptos can interact with smart contracts. 

Graph of Ethereum cryptocurrency

Ethereum all time high

At present Solana is in the green fluctuating around $200 about INR 15,000 and is expected to go up. The all time high of this crypto is recorded at $224.45 and on the other hand Ethereum has shifted to red after facing a dip on Thursday evening, currently the value of this coin is facing ups and downs at $4300 around INR 3,21,000.  

Best app to invest in Cryptocurrency-Coinbase vs CoinDCX

Investing in cryptocurrencies demand your personal research, The ups and downs in the crypto-market could be sudden, invest carefully after understanding about the cryptocurrencies and crypto-market. 


Post a Comment


Close Menu