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Even if you know Bitcoin (BTC) and Ethereum (ETH), more than 19,000 others cryptocurrencies are in circulation.
A few of them, such as Solana (SOL) and Algorand (ALGO), have already established themselves as reliable cryptocurrencies while others, such as RoboApe (RBA), have recently begun to gain ground.
Let’s take a look at each of these cryptocurrencies and explain why they might be included in your financial portfolio.Solana (SOL)
Solana (SOL) gaining momentum in the market.As a result of cryptocurrency investors’ willingness to be patient and commit to holding this token for the long term, SOL has seen substantial growth over the past year.
Even though the Solana ecosystem (SOL) is smaller than that of Ethereum (ETH), this has not affected the growth of the cryptocurrency.
Rather than Ethereum, Solana’s user network has grown at a much faster rate since the start of 2022, and experts from financial services firms like JP Morgan have predicted that Solana (SOL) could ultimately overtake Ethereum.Algorand (ALGO)
Algorand (ALGO) is a layer 1 (L1) blockchain with the Ethereum blockchain.It was created in 2019 by Silvio Micali, a professor at MIT and a specialist in cryptography.
The main objective of Algorand is to increase the scalability of the blockchain by establishing an ultra-fast network that allows users to transact instantly and at the lowest possible cost.
Algorand has established itself as an attractive alternative in DeFi over the years, and its transition to a decentralized governance model in late 2021 will further strengthen this position.
Due to the inclusion of a mechanism to actively reward vote holders on governance matters, ALGO has amassed an exceptionally strong base of investor support, according to the company.
With the announcement of a new agreement with FIFA in May, ALGO received a significant boost.
Algorand will collaborate with FIFA for the 2022 World Cup and will be an official sponsor of the Women’s World Cup in 2023, according to the company.RoboApe (RBA)
A meme piece called RoboApe (RBA) is about to hit the markets with an abundance of options for people to interact, generate and manage funds in a decentralized way.
Therefore, a small cost will be charged for each transaction made on the RoboApe platform, half of which will be burned, and the other half will be refunded to wallet holders who paid the fee.
RoboApe eSports and community sports tournaments would be the art of the ecosystem RoboApe to enhance the gaming experience.
Additionally, by linking divergent blockchain networks to RoboApe, it will also be able to provide cross-chain token transactions through the RoboApe Swap service.
RoboApe also has a special place for digital art enthusiasts as NFTS will also be made available to the RoboApe community in the form of RoboApe cards, which users can keep or sell to take meme currencies to the next level of growth and of development.
RoboApe (RBA) will operate as a decentralized autonomous organization (DAO), providing direct access to development resources and decision-making to the RoboApe community.
Moreover, the RoboApe Academy will be a completely free education center where users can learn everything they need to know about cryptocurrencies and blockchain technology.
Conclusion
If you are looking for the next big cryptocurrency to invest in, look no further.In this regard, the token RoboApe (RBA) may be the best option, given its immense usefulness and potential for community growth.It could enable its users to become millionaires in the future and compete Dogecoin (DOGE), the dominant meme token.
Meanwhile, proven cryptocurrencies as Solana (SOL) and Algorand (ALGO) could prove to be successful additions to your portfolio depending on their use case and past price performance.To know more : .