Imagine having to pay nearly $40 in credit card fees every time you make a transaction, you would probably stop using your credit card it doesn’t make sense right? Were that scenario to happen, you would likely react by stopping the use of your credit card or changing your credit card provider.
Well, crypto investors are faced with a similar situation when trading on the Ethereum (ETH) network, finding themselves having to pay several dozens of dollars for transactions that are often lower than that amount.
While it’s nothing new, it’s certainly starting to take a toll on the crypto community, now increasingly turning to alternative blockchains that offer lower gas fees, usually along with highly-competitive transaction speed and low latency compared to Ethereum.
We’ll cover three of these networks in that article, each of them possessing its own native token which could be an attractive investment if you believe in the long-term potential of these projects.
Solana (SOL)
Solana (SOL) is the shining star of the moment. Despite several hiccups along the roads in the form of hacks and other online attacks, Solana managed to hold its ground and solidify its status as a leading cryptocurrency part of the exclusive Top 10 club.
Solana made headlines as a major contender in the “Ethereum killer” club due to its network offering some of the fastest transactions on the market, and that for only a fraction of a cent. In fact, Solana’s network can process up to a staggering 65,000 transactions per second (TPS), while the Ethereum network does approximately 15. Numbers speak for themselves…
If you wish to gain exposure to Solana’s extraordinary performance, present and future, you can invest in its token, SOL. And in fact, over the past week, Solana’s currency, SOL, has seen a meteoric rise, soaring nearly 20% over the past 7 days.
Despite most market analysts claiming that SOL has now reached overvalued territory, history has shown that investors are…
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