{"id":274,"date":"2022-03-02T23:07:36","date_gmt":"2022-03-02T23:07:36","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/03\/02\/why-solana-and-polkadot-are-two-of-the-best-cryptos-to-pick-in-this-crazy-market\/"},"modified":"2022-03-02T23:07:36","modified_gmt":"2022-03-02T23:07:36","slug":"why-solana-and-polkadot-are-two-of-the-best-cryptos-to-pick-in-this-crazy-market","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/03\/02\/why-solana-and-polkadot-are-two-of-the-best-cryptos-to-pick-in-this-crazy-market\/","title":{"rendered":"Why Solana and Polkadot are Two of the Best Cryptos to Pick In This Crazy Market"},"content":{"rendered":"
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\u201cTough times create very innovative thinking,\u201d Luke Lango reminded us on Charlie Shrem\u2019s Untold Stories <\/em>podcast<\/a> yesterday. While the war in Ukraine is certainly top of mind, Luke was actually pointing further back in time with this comment:<\/p>\n

\"Abstract<\/p>\n

Source: solvertv \/ Shutterstock.com<\/p>\n<\/div>\n

\n

\u201cOut of the great financial crisis of 2008, that\u2019s when Square emerged. That\u2019s when Uber emerged. That\u2019s when a lot of really innovative, world changing businesses emerged. Because people realized the hardships of \u201908 needed some changing. The economy needed some changing. So, a bunch of entrepreneurs came out with great ideas and built multi-billion-dollar businesses on those ideas.\u201d<\/p>\n<\/blockquote>\n

Square, of course, now goes by Block <\/strong>(NASDAQ:SQ<\/u><\/strong><\/a><\/span>). And its profit-driving Cash App reflects the company\u2019s foresight in investing in its Bitcoin <\/strong>(BTC-USD<\/u><\/strong><\/a><\/span>) business. Last week, we learned<\/a> that out of $2.55 billion total revenues for Cash App in Q4, $1.96 billion was from BTC! Bitcoin revenues were responsible for supercharging Cash App\u2019s two-year compound annual growth rate (CAGR) to 166% in the quarter.<\/p>\n

CEO Jack Dorsey is a die-hard Bitcoiner. But for the rest of us true believers who aren\u2019t <\/em>billionaires\u2026 What do we do when the price of nearly every crypto falls to the floor?<\/p>\n

In Luke\u2019s services like the Crypto Investor Network<\/em><\/strong><\/a>, \u201cwe hunker down and create a really concentrated low cost basis in high quality assets that have a lot of long-term potential.\u201d<\/p>\n

Crypto is still in its early innings. In baseball (and investing) you can\u2019t know which team will come out the winner in the ninth inning\u2026 But you CAN <\/em>bet on the team with the best players, manager, etc.<\/p>\n

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\u201cYou want to pick cryptos that have great developers in the top of the second inning of the crypto ballgame, so to speak\u2026 We have to have smart people running it. We have to have hopefully seasoned people running it. We have to have innovative thinkers who dream big, who have a vision for what this is going to be. And have the ability, the resources and the talent to execute on that vision.\u201d<\/p>\n

-Luke Lango on Untold Stories<\/a>, March 1, 2022<\/p>\n<\/blockquote>\n

When it comes to strength in numbers, a handful of cryptos are crushing it, as the Developer Activity<\/a> rankings show. Two of them with visionary leaders and the most exciting projects now are Solana <\/strong>(SOL-USD<\/u><\/strong><\/a><\/span>) and Polkadot <\/strong>(DOT-USD<\/u><\/strong><\/a><\/span>).<\/p>\n

Solana: The Cool Kids Crypto<\/h2>\n

Perhaps the biggest personality in the New Digital World right now is Sam Bankman-Fried, founder of the crypto exchange FTX <\/strong>(FTT-USD<\/u><\/strong><\/a><\/span>), Alameda Research, and #1 on The Cointelegraph Top 100<\/a>. He\u2019s such a celebrity in crypto that he\u2019s often referred to just by his initials. And SBF has thrown his weight behind Solana.<\/p>\n

Solana was built for performance. Its stats include \u201c65,000 transactions per second (TPS), which makes Ethereum\u2019s meandering 15 TPS pale in comparison\u2026 400 millisecond block times and quick block finality \u2014 the length of time before a transaction is essentially irreversible,\u201d as Luke writes in the Crypto Investor Network<\/em><\/strong><\/a>.<\/em><\/strong><\/p>\n

\u00a0<\/em><\/strong>Instant blockchain transactions are a game changer. One crypto startup, Zebec, just raised $15 million for its Series A by building Zebec Pay on Solana. If your employer adopts this payroll platform, they can pay you in stablecoins like USD Coin<\/strong> (USDC-USD<\/u><\/strong><\/a><\/span>) \u2013 and you\u2019ll get your paycheck \u201cwithin seconds<\/a>,\u201d reports Blockworks!<\/p>\n

Solana is also home to:<\/p>\n

\u2026to name just a few of the coolest projects. In the end, though, adoption is more important than technology in the ultimate success of any tech venture, as Luke reminds his Crypto Investor Network<\/em><\/strong><\/a>.<\/p>\n

And clearly, when it comes to showcasing its real-world utility\u2026 Solana is the most Instagram ready network. From NFT vending machines to Coachella VIP tickets to 1Password solutions \u2013 not to mention fantasy basketball<\/a> \u2013 Solana devs and projects certainly seem ambitious in bringing real life onto the blockchain.<\/p>\n

Polkadot: The Web3 Crypto<\/h2>\n

When did you first hear of Web3: the open and empowered future of the internet, where you can leave Big Tech behind for the blockchain?<\/p>\n

Gavin Wood \u2013 a computer scientist who helped code Ethereum, back in the day[1]<\/a> \u2013 brought \u201cWeb3\u201d into the conversation in 2017<\/em>. Yep, just two years after Ethereum launched, Wood started his Web3 Foundation<\/a>\u2026and Polkadot.<\/p>\n

\u201cLaunched in 2017 by a deep bench of blockchain researchers, Polkadot is built to be flexible,\u201d Luke sums it up. Because it consists of many \u201cparachains\u201d to process your transactions, Polkadot \u201callows for many more transactions to be processed in the same period of time.\u201d<\/p>\n

Polkadot has attracted some very interesting applications by auctioning off these parachains in return for plenty of venture capital<\/a>.<\/p>\n

Encointer, for example, is another DAO infrastructure solution. DAOs allow any of us to invest like a VC in crypto startups \u2013 while helping to govern them. But DAO votes can quickly become dominated by their biggest tokenholders without \u201cone person, one vote\u201d<\/a> solutions like Encointer.<\/p>\n

All in all, \u201cPolkadot\u2019s ecosystem has grown to include more than 400 projects so far, and that figure is expected to rise as more projects seek to expand their offerings through interoperability,\u201d adds Luke.<\/p>\n

While you wait for your investment to mature, DOT \u201cstakers can earn up to a 12% annual return. That\u2019s not too shabby for a hypergrowth investment that\u2019s only just getting started,\u201d Luke concludes in Crypto Investor Network<\/em><\/strong><\/a>.<\/p>\n

SOL and DOT are just two of the cryptos covered by Luke Lango and his analyst team. Their latest research report, The First Wave of Tokenization Wealth<\/em>, offers plenty more actionable insights. Click here to learn more and get involved.<\/a><\/p>\n

\"Signature:Ashley

Ashley Cassell
<\/strong>Contributing Editor,\u00a0The New Digital World<\/em><\/p>\n

On the date of publication, Ashley Cassell\u00a0did not have (either directly or indirectly) any positions in the securities mentioned in this article.\u00a0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com\u00a0<\/em>Publishing Guidelines<\/em><\/a>. To have more news from The New Digital World sent to your inbox,\u00a0<\/em>click here to sign up for the newsletter.<\/em><\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cTough times create very innovative thinking,\u201d Luke Lango reminded us on Charlie Shrem\u2019s Untold Stories podcast yesterday. While the war in Ukraine is certainly top of mind, Luke was actually pointing further back in time with this comment: Source: solvertv \/ Shutterstock.com \u201cOut of the great financial crisis of 2008, that\u2019s when Square emerged. That\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/275"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}