Bitcoin (CRYPTO: BTC) has taken up most of the conversation in cryptocurrency for more than a decade, and it's the biggest cryptocurrency by market cap today by a wide margin. But smaller coins like Solana (CRYPTO: SOL) are starting to eat into that lead, and Solana's 10,970% gain in 2021 far exceeded Bitcoin's 57.6% rise.
However, the competition between Bitcoin and Solana isn't exactly for the same space in the Crypto economy. Bitcoin is increasingly being thought of as digital gold or an inflation hedge . Solana is a cryptocurrency built for low-cost, high-speed transactions, making it more of a utility coin. And these differences are why I think Solana will outperform Bitcoin again in 2022.
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Why Solana Will Outperform Bitcoin (Again) in 2022