- The best cryptocurrencies to invest in are Solana (SOL), Sandbox (SAND), and Avalanche (AVAX).
- Solana has hit a new high over the last 90 days.
- Bulls in SOL have found support at $22.24.
The term “altcoin” is used to describe cryptocurrencies that are not Bitcoin. CoinMarketCap now lists over 20,000 different cryptocurrencies, so investors have a wide variety of alternatives to choose from when building a digital asset portfolio.
Because of this, in today’s article, we will discuss the top three cryptocurrencies that investors should consider investing in if they want to earn a return that is 10X greater than their initial investment. The following are the top three alternative cryptocurrencies that investors need to think about purchasing:
Solana (SOL)
In the current cryptocurrency market, Solana (SOL) is highly recommended as an excellent altcoin to invest in. It is a high-performance blockchain that aims to make decentralized applications fast, secure, and scalable. This network has a wider range of applications than Bitcoin and employs a hybrid proof-of-stake and proof-of-history consensus mechanism to ensure that all transactions are finalized within milliseconds at almost zero costs.
Since the beginning of the new year, SOL price has been increasing in it price steadily leading to the token reaching a 90-day of $26.65. As of press time, SOL was exchanging hands at $22.67 with the lowest (support) price being established at $22.24 and the highest (resistance) price at $23.89.
Sandbox (SAND)
The Sandbox (SAND) is ranked second among the top altcoins to purchase. SAND has dropped in price in the past 24 hours and is currently trading at $0.8076, representing a 12.31% drop. The present pessimistic feeling in the market occurred after the digital currency enjoyed a positive sentiment in the previous week, resulting in weekly highs of $0.9108.
SAND’s market capitalization has dropped by 12.00% in the previous 24 hours to $1,210,880,180, while its trading volume has dropped by 28.96% to 28.96%.
Avalanche (AVAX)
Avalanche (AVAX) is currently the third-best cryptocurrency to purchase. It’s a secure blockchain that can be used for a number of different applications. Scalability was a primary design goal, so users can easily create digital assets, make transactions, and move tokens between Avalanche networks.
Thousands of transactions per second are made possible by the Avalanche consensus technique, which powers AVAX. Transacting on the Avalanche network is cheap and quick compared to other platforms like Bitcoin and Ethereum.
To summarize, the aforementioned coins are a solid investment, and investors should consider investing in them since they have a bright future.
Read Also :
Disclaimer: Everything presented in this price forecast, including any and all thoughts and opinions expressed, is done so in good faith. Research and due diligence are the responsibility of the reader. CryptoNewsLand and its affiliates are not responsible for any direct or indirect harm or loss that may occur as a result of any decision made by the reader.
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
