Is Solana (SOL) the Ethereum (ETH) killer that so many believe it to be, or will Buterin remain king of the Layer 1s? HedgeUp offers their token HDUP for presale, and the ability for people to invest in alternative assets like diamonds, watches and fine art. HedgeUp (HDUP) is in its second round of seed funding.
Most are familiar with the basics of Ethereum (ETH) and Solana (SOL), but for those wanting a recap, Ethereum (ETH) is essentially the first digital computer of crypto, the first chain to offer smart contracts thus expanding the functionality of the blockchain greatly. Ethereum (ETH) is primarily used for DeFi, NFTs and other on chain dapps, and is programmed in Solidity.
Solana (SOL) is a different and newer Layer 1 that is programmed on Rust, a different language that offers some benefits and some downsides but ostensibly is easier to use, but is known by less developers. Solana (SOL) is most famous for being one of, if not the, fastest blockchain in real transaction speed. Ethereum (ETH) currently processes around 25-30 TPS and Solana (SOL) can do an exciting 700 TPS, with the potential to go much faster.
Still, Vitalek Buterin, creator of Ethereum (ETH), says that the future of ETH lies in Layer 2s and zkrollup solutions such as Polygon or Arbitrum, which greatly increase speed and scalability and decrease fees, whilst still making use of the safety and decentralization of Ethereum (ETH). If he is right about that, then we may not need Solana (SOL), especially as Solana (SOL) is much more centralized than Ethereum (ETH). This is important since decentralization prevents 51% hack attacks and helps to keep chains accountable, unlike say, TerraFormLabs, whose centralisation ultimately made it possible for founder Do Kwon to get away with shady practices.
Solana (SOL) is known for being unreliable and the blockchain has frozen and had to be restarted on more than one occasion, with outages lasting several hours.
Now let's ask this: how much money would it take for Solana to overtake Ethereum in terms of value? Solana's Fully Diluted Value (FDV) is around $11bn and Ethereum's is over $220bn, that's approx 1845% more! Solana (SOL) is currently trading at around $21.70, so if this growth were to happen (and ETH's price didn't change at all), then Solana (SOL) would be worth around $320 a coin. However for this to happen we would need to see way bigger adoption as it would take over $200bn of new investment into Solana (SOL) to make this possible, and that isn't on the horizon any time soon as far as we know.
High percentage increases in established coins are unusual, meaning that it is harder to make very high returns with coins like SOL and ETH. Although they make a great addition to a crypto portfolio, to benefit from the really crazy growth that we have seen, it's best to add some new and upcoming cryptos to your portfolio, such as HedgeUp (HDUP).
In a world where inflation is rising, the stock market is not doing well, and there are global macroeconomic problems, where can you put your money so that it will bring you long term returns? HedgeUp (HDUP) has a solution for that.
HedgeUp (HDUP) enables investors to buy fractions of alternative assets, backed by F-NFTs. Maybe you always wished to own a piece of a Banksy, or even a Gauguin, or perhaps you predict that gold and diamonds are going to go up in value but you can't afford a large amount, or perhaps don't have access at all. HedgeUp (HDUP) will value, tokenize and safely store alternative assets, and then sell the NFT fragments to investors for as little as $1.
HedgeUp (HDUP) is on sale for $0.013 and the HedgeUp (HDUP) team has raised almost half a million dollars in just a few days. With a predicted minimum launch price of $0.09, big gains are likely, especially for PG holders of HedgeUp (HDUP).
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.