After losing hundreds of thousands, which coin should I go all-in on with the remaining 30,000 to turn things around?
#SOL
Impressive recovery after the bear market Solana is one of the fastest-growing blockchain networks, gaining increasing attention from investors since its launch in 2020.
It combines Proof of History (POH) and Proof of Stake (POS) consensus mechanisms, aimed at achieving high throughput and low cost, with transaction fees only a fraction of a cent and confirmation times within minutes.
Solana adopts a parallel transaction processing model, allowing for more efficient utilization of network resources, thus excelling in speed and security.
Its daily transaction volume often exceeds that of other blockchains, supporting hundreds of smart contracts and applications, benefiting from the memecoin trend and facilitating DeFi activities.
Despite experiencing the crypto winter and the bankruptcy of FTX, Solana has shown resilience and performed excellently in 2024, reaching a new high of over $200 on March 18.
Solana ETFs were also approved in the third quarter of 2024, further enhancing its mainstream recognition.
Therefore, Solana is considered one of the most worthwhile cryptocurrencies to invest in for 2024.
#DOGE
The best memecoin to buy during the 2024 cryptocurrency winter Dogecoin, launched by Billy Markus and Jackson Palmer in 2013, is a fork of Bitcoin, with lower mining difficulty, and features the Shiba Inu Kabosu as its brand image.
It has grown to become one of the dominant projects in the crypto space and is one of the largest meme coins by market capitalization and community size.
Although not an emerging meme cryptocurrency, Dogecoin still boasts a large community and has become stronger after experiencing multiple crypto winters.
Due to its resilience and strong community support, Dogecoin is considered the memecoin project most likely to survive the winter.
The Dogecoin community excels in marketing, gaining recognition from numerous industry leaders, including Elon Musk.
During the 2021 bull market, Dogecoin reached a historic high of over $0.73, and its current trading price is slightly above $0.1, but it has performed better than many other assets during the winter.
So far this year, Dogecoin has grown over 59%, reaching an annual peak of $0.2 on March 29.
For investors interested in a solid story behind a dog-themed meme coin, Dogecoin could be a great choice.