Little-Known Cryptocurrency Could Potentially Overtake ETH – Should You Invest Now?
Ethereum has been in second place in the cryptocurrency market for several years. With a current market capitalization of just over $400 billion and daily trading volume of around $29 billion, it certainly deserves it. But that doesn’t mean there aren’t other cryptocurrencies working hard and hoping to take second place from Ethereum. Recently, a coin was launched that could easily take market share away from Ethereum. Below, we take a look at what makes Ethereum so powerful, the weaknesses of this blockchain, and how this new coin leverages them wisely.
Source: CoinMarketCap, Market Cap ETH
So first, let’s take a look at Ethereum’s market dominance and what makes this coin so popular. First of all, this of course has to do with the blockchain that Ethereum uses. This makes it well suited for use in DeFi applications.
Ethereum was the first blockchain to enable smart contracts. These smart contracts can perform tasks automatically, which is a requirement for developing decentralized financial applications. This allows users to borrow or invest money without the involvement of intermediaries. Since Ethereum was the first to come up with this, it was a revolution in the market and had the opportunity to quickly grab a lot of market share.
Another reason why Ethereum price can continue to be successful is because it has a very large developer community. This means that new and current developers have a huge amount of documentation they can rely on, making it easier to develop projects and troubleshoot issues.
Lastly, Ethereum’s infrastructure is very robust and extensively tested, as this blockchain has been around for many years. This reliability makes Ethereum a safe choice.
However, in recent years, there have also been challenges faced by developers and users that sometimes make the platform less useful. For example, you must consider the limited number of transactions per second, high transaction costs during busy periods, and very limited scalability. All of these reasons lead DeFi developers to look for other blockchains that can better meet their needs. One of the projects with the most potential is Solaxy.
Currently, Solaxy is still a relatively unknown cryptocurrency. However, according to cryptocurrency experts, this could mean a significant revolution in the way DeFi application developers build their projects in the future.
One of the reasons is that Solaxy largely solves a problem for Ethereum. This new blockchain does not suffer from high transaction costs, is much more scalable, and is much less affected by network congestion. These are all things Ethereum developers go through these days.
But how does this blockchain achieve this? This is because it is Solana’s layer 2 solution that uses the Ethereum network. This means developers can enjoy the best of both worlds: the speed and scalability of Solana and the liquidity and stability of Ethereum.
Assuming DeFi application developers recognize the potential of this network and know how to leverage it, Solaxy could even capture a portion of Ethereum’s market capitalization. In our opinion, it is one of the best DeFi coins you can buy right now.
This also means that the value of $SOLX, the coin on which the network runs, could increase significantly. Luckily, $SOLX is on pre-sale so you can get it in time. Once this coin is released to the public, it looks like early investors will be able to make good profits from it.
Now with Solaxy
So it’s clear that Solaxy’s blockchain has potential. However, this does not mean that this is the only promising cryptocurrency project launched recently. After reading several X-threads, we found two other coins that cryptocurrency experts are excited about and that you can invest in now.
wall street pepe
The first is Wall Street Pepe, also known as $WEPE. We will leave aside the usefulness of various blockchains and focus here on what meme coins are created for: Speculating on price increases and earning as much profit as possible in a short period of time.
But the tricky thing about meme coins is that cryptocurrency whales and insiders are always one step ahead of the crowd. This means they can make money when it’s too late for you. But the $WEPE developers have come up with a solution! By bringing together a strong community of traders and only sharing the latest news with the community, you can trade faster and smarter if you join this community! After all, if everyone buys and sells coins at the same time, they know exactly when and how to act.
According to cryptocurrency experts, the potential of this project is only growing as the $WEPE community has grown rapidly in recent weeks. The pre-sale counter has already reached nearly $35 million, indicating that the WEPE army will indeed impact the price of this coin.
Now Wall Street Pepero
best wallet
With Best Wallet, we have finally reached the world of the cryptocurrency ecosystem. These ecosystems often offer the advantage of offering multiple crypto services under one roof, providing a lot of potential and value to projects.
This couldn’t be more true for Best Wallet, which offers a cryptocurrency wallet, decentralized exchange, and cryptocurrency debit card along with its application. This allows you to manage all your cryptocurrencies in one place at a very affordable price. The fact that the platform is already used by hundreds of thousands of people also speaks to its potential growth.
But as a cryptocurrency trader, what is the opportunity here for you? $BEST at the pre-sale site! This is a token that will keep the platform running and will greatly benefit you if you include it in your portfolio. As a $BEST trader, you will receive lower trading costs on the exchange, have a vote on the future of Best Wallet, and have access to exclusive pre-sales of new exotic cryptocurrencies traded only on Best Wallet.
The more traders use this platform, the faster the value of your $BEST investment will increase. That’s why $BEST is a pre-sale you shouldn’t miss.
Now to the best wallet