Sometime in February 2022, Cardano (ADA) and Solana (SOL) occupied the 7th and 8th spots on the most valuable cryptocurrency list. The pair, two of the crypto world’s most-exciting blockchain innovations, have had quite a success story since their launch.
However, as they say, getting to the top is easier than staying put. Both cryptocurrencies have lost investors in the past few weeks. The investor exodus doesn’t seem likely to stop anytime soon. So, what has caught the attention of these two tokens? We will find out as we proceed.
Cardano (ADA) –
Named after Ada Lovelace, Cardano’s (ADA) operates a decentralized smart contract system. Built on a proof-of-stake consensus protocol, transaction validation is energy-efficient. Cardano (ADA) can execute at least 250 transactions every second, with a block time of two minutes.
Cardano’s native token, ADA, is worth $0.439 as of July 16th, 2022, and has been enjoying a bullish run of form. But for how long? The coin remains prone to being ditched for better promising tokens, as is presently the case. In the opinion of technical analysts, the Cardano token (ADA) will drop to $0.399 at the end of the year.
Solana (SOL)
Also running on a smart contracts platform, Solana came on the crypto scene in 2017. A brainchild of software expert Anatoly Yakovenko, the platform can run 50,000 transactions every minute and boasts a block time of thirteen seconds. Users can scale and enjoy low network fees while at it.
On the market, SOL stands at $37.38 per coin. Experts predict an 11.4% rise to $41.59 before the end of July, oscillating between $59.08 and $68.27 in December 2022.
Degrain (DGRN): Riding on the Waves
Degrain is the newest coin in town, sweeping the crypto world like a tornado and taking Cardano (ADA) and Solana (SOL) investors along. Who can resist the promising future of the world’s first cross-chain NFT marketplace? The platform aims to allow users to buy, sell, and trade NFTs on a different platform from where it was listed.
In an unlikely chance that you aren’t already aware, Degrainlaunched its presale first phase on July 7th. In only a minute, the platform sold over 11 million coins at its $0.01 price. Experts are predicting a 5,000% price rise which will produce an army of happy investors.
Degrain also charges low transaction fees on its platform while offering 100% discounts to its presale investors. Investing in Degrain could potentially be one of the highest potential investments this year and we highly recommend purchasing before the end of the first phase ending soon.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/07/solana-sol-and-cardano-ada-see-holders-moving-to-new-crypto-token-degrain-dgrn