The 2 most important cryptocurrencies to buy and never sell!

That cryptoCurrencies are a speculative asset class, but large blockchains such as Solana (SOL -7.09%) and Cardano (ADA -4.81%) have fundamental advantages over their rivals in terms of sophisticated and potential uses. Let’s see why their innovative design and technical capabilities could create lasting value for investors.

1. Solana

With a market value of $ 23 billion, Solana is the seventh largest cryptocurrency. And it’s not hard to see why. See the article: Spain’s tax agency warns cryptocurrency investors against income tax.. Blockchain’s blazing speed and its many fintech utility cases could help it maintain its dominance for decades to come.

Solana is designed to be a platform for decentralized applications (dApps), which are applications that use smart contracts to offer services on the blockchain. DApps extends the use of cryptocurrency beyond simply storing and transferring value. But the increase in traffic has caused scalability issues for the current market leader, Ethereum.

With a transaction capacity of 50,000 per second (compared to 15 for Ethereum), Solana is better able to handle large amounts of dApp activity. And in the long run, it can gain market share over its rival.

But Solana’s developers did not limit themselves to dApps. They also aim for real utility in the fintech sector.

In February, the team launched Solana Pay, a peer-to-peer payment system designed to allow merchants and customers to interact without relying on traditional financial institutions such as Visa or Mastercard. Solana Pay allows users to send and receive Solana’s original token, SOL, and other supported coins, such as the USD coin, which is pegged to the US dollar. Although Solana is not the first blockchain to take on the payment industry, its top speed gives it a huge advantage over its rivals.

2. Cardano

Cardano, worth $ 22 billion, is the eighth largest cryptocurrency, right after Solana. Also see: Bitcoin (BTC): Here’s the reason why you should buy BTC now and keep it for the long term!. And while it may not match its close rival in terms of raw technical prowess, it makes up for it with an aggressive development record that can help it dominate the industry in the long run.

Unlike Solana, Cardano does not have the highest speed in the industry. With a transaction capacity of 250 per second, it manages to beat Ethereum, but it is hardly at the forefront of blockchain technology. That said, investors should focus on Cardano’s future, not its present.

Its developer, Input Output Hong Kong (IOHK), presented a step-by-step strategy for scaling the platform. The first three phases, called Byron, Shelly and Goguen, focused on platform launch, basic design and digital application support. The next phase, Basho, will focus on scalability.

IOHK suggests that the technologies involved in Cardano’s Basho phase could potentially bring its transaction capacity up to 1 million per second. But the developer stresses that it is an ambitious goal. And he plans to scale the platform based on demand.

State of the market

The total cryptocurrency market has fallen by about a third to $ 1.4 trillion by 2022. But now is not the time to jump ship. Also see: Why did the Ethereum price and the ApeCoin price fall this Sunday?. Cryptocurrencies have a habit of coming back from similar difficulties. And investors should see this situation as an opportunity to acquire quality assets at a discount.

Solana and Cardano look ready for long-term success due to their advanced technical capabilities and active development teams.

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