4 Solana Rivals That Could Turn $1 into $100 in May

1. Stacks (STX)

Stacks (STX) is a Layer 2 solution on the Bitcoin network, enabling smart contracts and decentralized applications (dApps) while using Bitcoin as the primary asset. Despite a recent price decline to $1.96 (a 17% drop in one day), Stacks has made significant strides in the decentralized finance (DeFi) sector. Its Total Value Locked (TVL) reached $116.31 million, according to DefiLlama, positioning it as a strong competitor in the Layer 2 space.

STX ranks 34th on CoinMarketCap with a market cap of $2.84 billion and is poised for significant gains in the bullish market outlook for 2024.

2. Mallconomy (WOOT)

Mallconomy offers a comprehensive Web3 commerce solution that empowers creators with tools to monetize and share content in the metaverse. It provides a consistent user experience across devices, whether using PCs, mobile phones, or smart TVs.

Mallconomy has created the $WOOT token as the primary currency in its ecosystem. The token supports the creator economy through a merit-based system, transforming Web3 commerce into a real-world experience. The project has already raised $97,424.02 towards its $225,077 goal, with increased prices and fundraising goals expected after the current countdown.

3. Bitrock (BITROCK)

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Bitrock (BITROCK) is an Ethereum sidechain utilizing the IBFT 2.0 Proof of Authority framework, promising minimal transaction costs and fast, scalable infrastructure. Its unique multichain exchange allows cryptocurrency trading on native networks without specific chain tokens or native gas fees.

Bitrock's price is currently $0.1085, reflecting a 12% decrease over 24 hours. Despite this dip, it has shown impressive growth of 2,895% in the last month, propelling its market cap to $9.8 million and establishing it as a strong Solana competitor.

4. Mintlayer (ML)

Mintlayer (ML) enhances Bitcoin's capabilities by introducing a Layer 2 solution that enables DeFi, smart contracts, atomic