Four Promising Solana Alternatives for Potential $100 Gains in May

1. Stacks (STX)

Stacks (STX) functions as a Layer 2 solution on the Bitcoin network, facilitating smart contracts and decentralized applications (dApps) while leveraging Bitcoin as its primary asset. Despite experiencing a recent price dip to $1.96 (a 17% decrease in a single day), Stacks has made notable advancements in the decentralized finance (DeFi) sector. Its Total Value Locked (TVL) has reached $116.31 million, as reported by DefiLlama, positioning it as a formidable player in the Layer 2 realm. STX holds the 34th position on CoinMarketCap with a market cap of $2.84 billion and stands poised for significant growth in the optimistic market forecast for 2024.

2. Mallconomy (WOOT)

Mallconomy presents an extensive Web3 commerce solution empowering creators with tools to monetize and distribute content in the metaverse. It delivers a seamless user experience across various devices, including PCs, mobile phones, and smart TVs. Mallconomy has introduced the $WOOT token as the principal currency within its ecosystem. This token supports the creator economy through a merit-based system, converting Web3 commerce into a tangible real-world experience. The project has already secured $97,424.02 towards its $225,077 objective, with anticipated price hikes and fundraising milestones following the ongoing countdown.

3. Bitrock (BITROCK)

Bitrock (BITROCK) operates as an Ethereum sidechain utilizing the IBFT 2.0 Proof of Authority framework, offering low transaction costs and rapid, scalable infrastructure. Its innovative multichain exchange enables cryptocurrency trading on native networks without requiring specific chain tokens or native gas fees. Bitrock's current price stands at $0.1085, reflecting a 12% decline over 24 hours. Despite this setback, it has demonstrated remarkable growth of 2,895% in the past month, driving its market cap to $9.8 million and positioning it as a formidable competitor to Solana.

4. Mintlayer (ML)

Mintlayer (ML) enhances Bitcoin's functionalities by introducing a$STX