Best Cryptocurrency Exchange App

4 Cryptos That Could Surpass Solana in 2022

4 Cryptos That Could Surpass Solana in 2022
Written by publisher team

Image source: Getty Images

Can anything beat Solana?

the main points

  • If Solana can continue to attract developers and grow its network, it will be hard for anything to bypass it.
  • However, anything can happen in encryption. If Solana falters, many coins are in a good position to replace them.

Solana (SOL) appears to be unstoppable in 2021. On January 1, it was in the 120th position on the cryptocurrency charts with a market capitalization of around $85 million. At the time of writing, it ranks fifth with a market capitalization of nearly $54 billion according to CoinMarketCap. It has grown over 11000% since the beginning of the year.

Can it grow more? And are there any cryptocurrencies that can outperform them in terms of market capitalization? It’s hard to tell — especially if Solana doesn’t face more technical hurdles and developers keep building apps on its platform. In fact, some say Solana may eventually outperform Ethereum (ETH).

Possible Solana plugs

One thing is for sure, Solana will not produce 11,000% returns next year. But if she can keep her gains, I’m not convinced that many things can outperform her.

However, there are a few possible clouds can Wipe the sun of Solana:

  • Many say Solana is more centralized than other platforms. The problem is that it costs more to run a node on the Solana network than crypto ecosystems of similar smart contracts, which means that there are fewer nodes and the system is not as decentralized as some would like. But Solana is working on solutions, so this is an area to watch.
  • You may encounter technical difficulties. In September, Solana’s network was down for 17 hours which developers blamed on “exhaustion of resources”. Solana has simply not been tested like Ethereum, and further issues could erode investor confidence.
  • It could be bypassed by newer, faster, and cheaper encryption. Keep in mind that Solana only launched its mainnet in 2020. There might be a project we haven’t heard about yet waiting to steal SOL’s Thunder. In addition, crypto is a volatile industry and it is difficult to know how much the price will rise due to pure speculation.

If Solana falters and conditions are right for other cryptocurrencies to grow, here are some that may reach – or even exceed – its $54 billion market cap in 2022:

1. Cardano (ADA)

Solana overtook Cardano earlier this year, but there is not much between these two cryptocurrencies in terms of market capitalization. Cardano’s slow and steady approach to development has frustrated some investors. However, it is an important player, and since it tests every development before it is rolled out, it is unlikely to be affected by technical or security issues.

Cardano has also established relationships with many governments and organizations in the developing world. This means that it is well positioned to offer realistic solutions. When founder Charles Hoskinson laid out the Cardano roadmap for 2022, he promised to launch several new projects as well as potentially provide decentralized financial services to many people in Africa.

Percentage of gain required to bypass Solana: 18%

2. Cosmos (Atom)

Cosmos, dubbed the “Internet of blockchains”, makes it easier for different blockchains to communicate with each other. At the moment, it can be difficult to use tokens built on the Ethereum network on, for example, Solana. This means that interoperability solutions will become more important as the cryptocurrency industry evolves.

Gain percentage required to bypass Solana: 685%

3. The Sandbox (SAND)

Popular metaverse icon The Sandbox has already generated extraordinary returns this year, but the Sandbox could still have some juice in its tank. Ark Invest’s Cathy Wood thinks the metaverse will be worth trillions, and she’s not alone.

The Sandbox has grown over 850% in the past three months and 16,000% since the beginning of the year, so there’s a good chance it will be pushed out by speculators and set to correct. However, if interest in the metaverse continues to grow, Sandbox could be a contender to beat Solana.

Percentage of gain required to bypass Solana: more than 880%

4. Livepeer (LPT)

Livepeer exemplifies a rising trend in the use of blockchain technology: decentralized infrastructure. Users can earn LPT tokens by contributing unused computer processing power on the network. This means that Livepeer can support video streaming without spending a fortune on expensive infrastructure. Customers get cheaper videos and Livepeer contributors get LPT rewards.

Livepeer still has a long way to go if you get close to Solana. In fact, it currently ranks 103rd by market capitalization — not far from where Solana sat in the charts this time last year. This type of application could be a trend worth watching in 2022.

Percentage of gain required to bypass Solana: more than 6,250%

chasing the sun

The cryptocurrency industry is very difficult to predict. Not only is it a relatively new and unregulated market, but the hype factor can knock things aside, as we’ve seen with many meme coins.

Primarily coins have strong potential for 2022 and are listed on major cryptocurrency exchanges. But investing in a cryptocurrency is without risk and there are no guarantees that these currencies will bypass Solana. It is wise to invest only money that you can afford to lose and research any cryptocurrency thoroughly before you part with your hard-earned cash.

Buy and sell cryptocurrencies on an exchange chosen by experts

There are hundreds of platforms around the world waiting to give you access to thousands of cryptocurrencies. In order to find the right feature for you, you will need to decide which features are most important to you.

To help you get started, our independent experts have tested the options to bring you some of our best cryptocurrency exchanges for 2021. Check out the list here and start your crypto journey, today.

About the author

publisher team