One of the most popular altcoins, Solana (#SOL ) has quickly emerged as a top choice for investors due to its lightning fast transaction time and extremely low fees involved, making it an extremely lucrative choice for investors.
Termed as one of the most scalable platforms, Solana is another name for innovation as the project has attracted innumerable dApps, DeFi initiatives, and developers to their platform.
Its recent value has surged by 1.34% in the past 24 hours and 11.29% over the week, which is reminiscent of its great potential as a coin as well as an innovative platform in the crypto industry.
Initially created as an inside joke, Dogecoin has now created its own niche in the crypto market as memetoken with great potential. Endorsed by the likes of Elon Musk, the Dogecoin token reminds investors of the early days of Bitcoin- as the dog themed altcoin has time and again proven to be extremely volatile yet highly profitable.
As of August 26, 2024, DOGE is trading at $0.1093, up 0.17% over the previous day. Currently, it trades at 0.1018 according to coinmarketcap.
Dogecoin has not been without its criticism as trade analysts have pointed out its no-cap infinite token supply mechanism as problematic in the long run of token economics. The coin also has very few use cases and has a centralized holder base, much to the disappointment of the crypto community.
Yet these limitations have not stopped the growth of dogecoins as their usage grew by a staggering 73.67% in the last year.
When it comes to providing faster and cheaper transactions, Polygon (MATIC) is second to none. Termed as one of the most innovative projects in the past decade, the Polygon is hailed as one of the finest layer 2 scaling options for the Ethereum blockchain.
Polygon has its own layer blockchain and runs alongside the Ethereum blockchain, combining the best features of both blockchains. It is the first choice for investors who are looking for lightning fast transactions at dirt cheap rates.
It is now trading at $0.3765 as of the time of writing of this report. It is in the top 25 cryptocurrencies according to the cryptocurrency rating.
Termed as the “Internet of blockchains”, Cosmos ($ATOM -USD) is a visionary blockchain ecosystem that allows interoperability among various blockchain networks.
Cosmos uses the advanced software “Tendermint” that helps in connecting several different blockchain networks, offering the best of the crypto world under a single umbrella.
What sets Cosmos apart from other altcoins and projects is that it allows developers to build their own blockchain networks by giving them unlimited access to resources.
ATOM is the native coin of Cosmos and has seen impressive performance in 2024. As of the time of writing, the cosmos token trades at $4.16.
