3 Top Solana Rivals to Buy to Turn $1 to $100.

Cardano (ADA), Toncoin (TON), and Avalanche (AVAX) are emerging Solana rivals to buy, as the SOL price signals a continuation of a sideways trend. Over the past five months, the Solana coin has wavered around the $160 level, projecting a lack of luster performance. Thus, the sellers could strengthen their grip in September if this altcoin fails to gain sufficient momentum in the coming week.

Solana Rivals to Buy as SOL Faces Uncertainty in September.

Data from cryptoranks shows Solana

coin historical performance based on

every month since 2020. The chart

below indicates uncertain trends for

SOL price in September, with an

average growth of +0.85% and a

median return of +6.5%. This suggests

that Solana buyers may face

challenges in achieving a sustainable

recovery in the upcoming months,

potentially giving its competitors in

the layer 1 space an opportunity to

gain momentum.

Toncoin (TON).

Toncoin, the native cryptocurrency of the TON blockchain, has experienced rapid growth in 2024, driven by its integration with Telegram and strong ecosystem developments. By press time, TON price traded at $6.7 and boasted a market cap of $17 billion.

Amid its growing utility in decentralized finance, play-to-earn games, and fast, low-cost transactions, Toncoin stands strong among Solana Rivals to buy. Data from IntoTheBlock analytics highlights a significant milestone for the TON network, with the number of addresses holding a balance surpassing the 40 million mark. The parabolic in this address state indicates increasing adoption and a robust network, attracting both retail and institutional investors.

With sustained buying, the asset could drive a 28% surge to challenge the $8.3 All-time High.

Cardano (ADA).

The layer 1 cryptocurrency Cardano has traded sideways for the past two months. With its current trading price at $0.35, ADA is down 88.65% from its all-time high of $3.10 while maintaining a market capitalization of $12.6 billion.