Solana shows how resilient Blockchain is. SOL, which dropped to $8 in December 2023, returned to $200. It backs up the entire ecosystem. According to Crypto expert Camille Lemmens of the Altcoinbuzz team, Solana’s fundamentals have always remained strong. The expert now takes a closer look at Solana’s top crypto gems. In this context, he shares 4 altcoins that he says should be ‘in portfolios’.
The first ranked Solana jewel is Jupiter (JUP)
Jupiter is a DEX aggregator. It is also the first of today’s Solana crypto gems. Being a DEX aggregator means it connects to various DEXs and finds the best price for you. But that’s not all, Jupiter offers a few more features. For example:
- Stop-limit order.
- DCA (dollar cost averaging) options.
- Perpetuals.
A limit order allows you to set your preferred conditions when buying or selling coins. With DCA, you can set purchases at fixed times and amounts. The Aggregator opened its doors in October 2021. However, the JUP token was not launched until January 31, 2024. If you had used the platform, you could expect an airdrop. For example, the Phantom wallet exchange option uses Jupiter. Minimum airdrop was 200 JUP, now it’s good for almost $300. If you used Jupiter a lot, you could get a big airdrop. Jupiter is apparently planning more airdrops on the same date every year, January 31st. One of the most used applications in Solana. So keep an eye on it.
In second place is Helium Network (HNT) (MOBILE)
HNT and its MOBILE token are a DePIN project. Now, we all know this is a hot narrative in 2024. Helium is all about decentralized connectivity. In other words, it makes the internet available to everyone. The idea is that you operate your hotspot service. Helium takes care of security. On the other hand, hotspot owners share their internet resources. For this they receive a reward in HNT tokens. However, there is more, there is a second token, MOBILE. This powers the Helium 5G project. Currently this is only available in the US. This project was launched in the first quarter of 2023.
Both tokens are doing well. HNT is up 370+% from last year. MOBILE reaches an ATH before Christmas 2023. Another interesting aspect is Helium’s switch to Solana. This happened in April 2023. Helium first had its own Layer 1 Blockchain and network. Now it is integrated with Solana.
Another Solana Jewel: Render Network (RNDR)
We’re staying on DePIN and AI with Render Network. One of the best Solana crypto gems. Render offers distributed GPU. This is used by players and primarily by artificial intelligence. So, the demand for GPU computing power will not stop in the foreseeable future. On the contrary, demand will most likely continue to increase. What’s interesting is that Render is switching from Ethereum to Solana. This happened in November 2023. It’s good to see that there are projects that are fed up with Ethereum’s slow speed and high transaction costs.
But every coin has two sides. What I like less about Render is that it is decentralized. It hosts its software on central providers. For example, AWS and Google Cloud Platform (GCP). It is also a permissioned network. Other similar platforms, such as Akash, are much more decentralized. Still, I don’t want to spoil the party! RNDR is doing great, up over 1050% last year. 4 It is also the second largest DePIN project by market value.
In last place is Pyth Network (PYTH)
Pyth Network is an oracle. Oracles are an important part of Blockchain technology. Blockchains cannot communicate with the outside or the real world. Therefore, all information must come from another service, these are oracles. Blockchains and Dapps provide crypto or gold prices, sports results, weather reports, etc. They provide.
Pyth burst onto the scene in October 2021. However, it started making noise late last year. He has made waves and has some impressive stats. It is a serious rival of Chainlink, which is the king in this field. Pyth has several advantages over Chainlink. For example, it updates data every few seconds. In comparison, Chainlink updates every few seconds. As a result, PYTH appears to have an upward trajectory.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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