Solana or Dot.. Which one is Better?
The name of both the coins that I mentioned in the title of this post are well known and most cryptocurrency users are aware of both the coin and projects. It's not because these days coins are down in terms of price value but it's because both of the projects have got solid attention from the community and the investors and even now when the market is in very sentiment then also there is a quite good amount of volume in terms of trading.
Solana has proven its growth in this bull run so we cannot ignore this coin however as of now this is available at a highly discounted. I recently made a post about this project in which I shared about the overall project on how it works. It is known as one of the fastest and low transaction fee blockchains because 1 project that was built on soul on a network got so much attention. It is Stepn and this has created a lot of hype in the market.
While Solana is very good but we cannot ignore the polkadot because this is one of the coins which I have been chasing for more than one year time and at that time it was only for about 6$. Even now the coin price is in a similar range but it has made its all-time high to almost $50 which is a nice jump and I expect that in the next bull run it can reach about $100.
If we look at the broader picture from the coinmarketcap as per the market cap then polka dot is at 11th rank while Solana is at 9th rank and in between doge is there. Both the coins have shown almost 20% growth in price in lost one week which shows that when the market is recovering then these coins are also moving up and following the same trend.
I had invested some amount in polkadot two months back, but never invested in Solana because I think this is not a good project and might not survive the bear market but seems like my decision was wrong and I need to do another research on this project. I have done my research and I find it's a valuable project for the investment since now the price is low so I am considering investing through the SIP method in this coin. SIP is nothing but a dollar cost averaging in the language of crypto and this is one of the best ways to invest in any cryptocurrency while keeping the risk on the lower side but higher profitability in the long run.
I hope that both the coins as of now at the bottom and buying at this price range should be a good idea. It is a crypto market and nothing can be 100% sure so prediction is just the way to see if things are correct but still there is always a possibility to go against the prediction. So overall it is difficult to find out which is better because both are in neck-to-neck comparison and I am trying to have some stake in both coins to keep My Portfolio diversified.
Thank you so much Stay Safe
Posted Using LeoFinance Beta
