SOL - 1 Unstoppable Crypto to Buy Hand Over Fist

2024-01-21 14:49:00 ET

Bitcoin may be getting all the headlines in the crypto industry these days, but there are plenty of other cryptocurrencies that have the potential to outperform it this year, including Solana (CRYPTO: SOL) .

Solana started 2023 trading around $10, and ended the year trading around $100 after briefly hitting a peak around $120 in late December. While it will be difficult to duplicate that performance in 2024, there are two big reasons why I think Solana is exactly the type of crypto that you should be buying hand over fist right now.

Most importantly, Solana is finally starting to fulfill its promise as "the next Ethereum ." Ethereum is still the acknowledged market leader in nearly every blockchain niche, from non-fungible tokens (NFTs) to decentralized finance (DeFi). But Solana now appears to be gaining market share at Ethereum's expense. At the end of last year, for example, Solana started to post higher NFT sales volume and decentralized exchange trading volume than Ethereum for the first time ever. And I think that momentum will carry over into 2024.

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