Top 3 Layer 1 Altcoins To Buy To Turn $1000 Into $5,000 BTC Halving Week
2. Solana (SOL)
Solana (SOL), an open-source initiative, leverages blockchain’s permissionless nature for decentralized finance (DeFi) solutions. Its protocol is crafted to aid in the development of decentralized applications (DApps). Solana’s design integrates a proof-of-history (PoH) consensus with the fundamental proof-of-stake (PoS) consensus, enhancing scalability.
Over the past 24 hours, Solana price has climbed over 8%, reaching $154, despite recent market dips and corrections. This increase follows a period of steady growth, pushing its price beyond the crucial $150 mark.
According to defilLIema data, the network’s robustness is evident from its rising Total Value Locked (TVL) and bustling dApp activity. Since the beginning of the year, its TVL has shown significant growth. This marks Solana as a standout among layer 1 altcoins, particularly appealing to investors looking to significantly increase their returns, especially during the upcoming BTC halving week.
