SOL - As Crypto Competition Heats Up Here's What Smart Investors Are Watching
Web3, cryptocurrencies, and non-fungible tokens (NFTs) have been a hot topic over the past two years as the crypto market has risen and fallen, but what are smart investors looking for in this industry?
Increasing value long-term is going to need more than just high trading volumes; it's going to require real disruption. That's why smart investors are looking at who's building, what they're building, where they're building, and who is using their products. Understanding these factors will tell a lot about what will be a good crypto investment for the long term .
Any blockchain trying to build a real digital economy with a digital currency needs to attract developers. Bitcoin (CRYPTO: BTC) is the biggest, oldest, and best-known cryptocurrency, but it has only about 500 developers, according to an analysis by Andreesen Horowitz. The leaders are actually Ethereum (CRYPTO: ETH) , with about 4,000 developers, and Solana (CRYPTO: SOL) , which is growing quickly and has 1,000 developers.
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As Crypto Competition Heats Up, Here's What Smart Investors Are Watching