Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
It’s not bitcoin (BTC) or ethereum (ETH) to hold through the crypto bull market - it’s solana (SOL)

It’s not bitcoin (BTC) or ethereum (ETH) to hold through the crypto bull market - it’s solana (SOL)

CryptodailyCryptodaily2024/01/30 13:37
By:Laurie Dunn

Table of Contents

For monetary freedom it has to be Bitcoin, and for the most secure layer one it’s Ethereum, but for the smartest and fastest tech and for holding through the crypto bull market, Solana is the one.

When it comes to the crypto coins or tokens that might be held through the rest of this crypto bull market, there is no doubt that there is plenty of choice. That said, the vast majority of cryptocurrencies will go to zero, and this is as certain as it is for all fiat currencies , given that not one of these have escaped this fate throughout history.

Back to crypto, and many speculators and investors must be wondering what to go with through this crypto bull market. For one, it’s probably best to have a lower risk portfolio, with most of the value in the top ranking cryptocurrencies, and a small portion in those considered high risk.

Bitcoin the obvious choice

Bitcoin is the obvious choice for the safest place to invest. Bitcoin isn’t just about ‘number go up’, although it might be assumed that $BTC could at least double in value from here. 

Bitcoin is mostly about freedom. Freedom to transact with whoever you want. Freedom from intervention from government and their agencies, or indeed from any other third party. Bitcoin allows anyone to protect their wealth and have to have the right to spend it how they wish.

Ethereum perceived to make better gains

Ethereum is a very different kettle of fish. It is a proof-of-stake blockchain network, which means that he, she, or they, who have the most stake, have the most say in the network. 

This said, Ethereum is among the most used blockchains, it is extremely secure, and has attracted the most developers for building out the blockchain and for developing on top of it. Given that its market cap is a third that of Bitcoin, and its value as perceived by the market is likely to grow quicker than Bitcoin, $ETH is potentially a better buy than $BTC, but obviously for bigger gains, rather than more freedom.

Solana incredible value

And then we come to Solana (SOL) . It has to first be acknowledged that Solana as a blockchain is far more centralised than either Bitcoin or Ethereum. The technology is newer and so has not been as tried and tested. Pre 2022, the Solana network was halted on a number of occasions.

That being said, Solana is just about the fastest layer 1 blockchain out there. Its new Firedancer validator client is capable (in testing) of the same speed as the US Nasdaq exchange.

The Solana ecosystem is growing fast, and transactions are ridiculously cheap compared with Bitcoin or Ethereum. No layer 2 is necessary, as scaling and speed is already built into layer 1.

$SOL looks to be incredibly good value, given that the market cap of $SOL is 6 times less than that of $ETH. Therefore, for bigger gains than either $BTC or $ETH in this crypto bull market, $SOL could be the one.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Investment Disclaimer
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!