Cryptocurrency investors are by nature optimistic people. Any increase in price is a surefire sign of a bull market and any decrease in price is an opportunity to buy the dip. One third into 2022, it’s fair to say that this year has not been anywhere near as exciting or profitable as 2021. Solana (SOL) shot up more than 10,000% in 2021 and reached a new high. Its peak, reached in November of 2021, is 50% higher than its current price.
Comparatively poor performances such as these have many crypto investors looking to get into presale cryptocurrencies. FIREPIN Token (FRPN) is one such example; FRPN is in Stage 2 of its presale and has already risen by over 3000%.
Ripple (XRP)
Ripple Labs' native token is XRP. It eliminates the need for a middleman in any transactions. As a result, two distinct currencies can be bridged quickly and efficiently. XRP was created with the intention of allowing transactions to be completed at the speed of light, and it has the lowest fee of almost any cryptocurrency.
XRP was created with the intention of allowing transactions to be completed at the speed of light, and it has the lowest fee of almost any cryptocurrency. Previously, cross-border payments through a mediator were expensive and took a lot of time.
If you've ever sent money to another country, you've probably heard of Western Union, Remitly, and Ria. Ripple (XRP) could send payments in as little as three seconds. The value of XRP has increased by 6% in the last week. The market makers are likely to drive the XRP price upward for a variety of reasons. As a result, it is inevitable that the price will rise. XRP is currently trading at $0.76.
The SEC has been and still is involved in legal proceedings against XRP. If the litigation is resolved in the near future, the price of XRP will almost certainly skyrocket.
Solana (SOL)
Solana (SOL) is a blockchain platform that hosts decentralised scalable apps.
It is reported to be able to perform 45000 transactions per second while charging a very low transaction fee, which is a clear benefit to SOL holders. It was released in March 2020 and its value had tripled by the end of summer 2021.
The problems that Ethereum is currently facing can only be overcome with a cryptocurrency like Solana (SOL). According to CoinMarketCap, its value climbed by 500% in the last year. This demonstrates that SOL has the potential to grow quickly and in huge numbers.
