Why Solana, Cardano, and Snowfall Protocol Are Interesting Buys in 2023
As 2023 gets underway, now is the perfect time to consider which cryptocurrencies you’ll be investing in this year. Solana (SOL) and Cardano (ADA) are two favourites of the crypto community, but a new entrant called Snowfall Protocol (SNW) could be your best investment yet. Here’s all you need to know about investing in these three outstanding projects in 2023.
Solana (SOL) is one of the world’s fastest and cheapest Layer-1 networks. While the token has taken a substantial hit following FTX’s downfall, many consider Solana (SOL) to have found a bottom. Fundamentally speaking, things are looking up for Solana (SOL).
Its already-impressive speeds of 65,000 transactions per second (TPS) are expected to get a further boost once Firedancer is implemented. Firedancer is a new validator client built by Jump Crypto that has been shown to reach speeds of up to 600,000 TPS in testing. Solana (SOL) is also launching its Saga smartphone this year, one of the world’s first Web3-ready mobile devices.
Cardano, like Solana (SOL), is a leader in Layer-1 technology. Cardano (ADA) has often been criticised for being too slow to roll out upgrades, but it seems this approach might pay off in 2023. That’s because a number of big changes are coming to the Cardano (ADA) this year.
For instance, Cardano (ADA) plans to launch its own stablecoin, Djed, which could open doors for developers looking to build DeFi projects on the network. Moreover, Cardano (ADA) will be further rolling out its Hydra scaling solution in 2023, which could pave the way for it to achieve speeds of up to 1 million TPS!
Snowfall Protocol (SNW) is a one-of-a-kind cross-chain token transfer protocol that’s been turning heads amongst crypto investors as of late. Touted as one of
Read more on cryptonews.com
