As one of the top five cryptocurrencies in the world, Solana wields considerable influence in the crypto market. Solana’s journey started back in 2020, with a primary goal of making decentralized finance accessible on a larger scale. Its native token SOL has since achieved a market capitalization of over $76 billion.
Today’s cryptocurrency market offers many promising altcoins that have the potential to mirror Solana’s impressive growth. As per crypto pundits, Avalanche (AVAX), NFT Finance (NFTFN), and VeChain (VET) are poised for a mega rally and can become the next Solana.
VeChain (VET)
VeChain is a smart contract platform that provides enterprise-facing blockchain solutions. Its distributed platform leverages the power of internet of things (IoT), blockchain technology and NFC chips to cater to the needs of the dynamic supply chain management sector. VeChain has partnered with top global brands like Walmart China, LVMH and BMW.
The supply chain industry is estimated to reach $45 billion over the next three years. With increasing calls for transparency and data integrity in supply chain logistics, VeChain is poised for significant growth in the coming years, putting it on track to become the next Solana.
NFT Finance (NFTFN)
NFTFN aims to address the challenges that currently plague the NFT market, tackling key issues like lack of liquidity, and high entry barriers. SuperNova, NFTFN’s flagship product, offers exposure to blue chips NFT collections like BAYC, MAYC, Azuki, Doodles and CloneX. The project previously raised $500k from the likes of Polygon founder Sandeep Nailwal.
NFTFN boasts strategic alliances with industry titans like Binance Smart Chain, Google Cloud Platform, and OpenSea. NFTFN is currently in the second stage of its presale where investors are eagerly lining up to buy the token for just $0.03. Given its unique selling proposition, strong backing and fundamentals, crypto analysts speculate that NFTFN could match Solana’s market cap and price.
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Avalanche (AVAX)
Avalanche is a leading layer 1 (L1) blockchain that supports decentralized applications and custom blockchain networks. One of Avalanche’s most impressive aspects is that it can offer a transaction output of up to 6,500 transactions per second while maintaining scalability and security.
Avalanche boasts a unique architecture that entails three different blockchains, namely X-Chain, C-Chain and P-Chain. Over the years, leading crypto projects like TrueUSD and SushiSwap have integrated with Avalanche. At the time of writing, the AVAX token was trading at $46.9, with a market capitalization of more than $17 billion. With more and more integrations in the future, Avalanche may potentially match Solana’s status in the crypto market.
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