SOL - 2 Cryptocurrencies to Grow Your Portfolio

Young cryptocurrency players with a lot of growth potential are a great way to lift your portfolio over time. And considering recent declines in the cryptocurrency market, many of these players are on sale. I'm thinking of Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) . They've each lost about 75% since the start of the year.

Solana and Avalanche both are blockchains and have their own native tokens -- SOL for Solana and AVAX for Avalanche. And these players each are making themselves known in the world of cryptocurrency. Today, Solana and Avalanche are the ninth and 15th biggest cryptocurrencies, respectively, by market value. Let's find out why they may help your portfolio over the long term.

Solana is known for its transaction speed and the low cost of using the blockchain for various operations. That has a lot to do with Solana's manner of verifying transactions. Solana uses a proof-of-history method. This involves marking blocks of data with timestamps as part of the verification process. So, what types of transactions are we talking about? Everything from trading non-fungible tokens (NFTs) to making a stablecoin payment. I'll focus on these two.

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