Over the past couple of years, the top platforms for Defi and smart contracts have been Ethereum (ETH) and Solana (SOL). Ethereum (ETH) has had to compete fiercely for the top spot against new competitors that have entered the market. In this post, we talk about the latest challenger to Ethereum (ETH) and Solana (SOL), Dgrain (DGRN) which is tipped to overtake Solana (SOL) in 2023.
Ethereum (ETH) is still beating off the competition
There was a point when Ethereum (ETH) entirely controlled the NFT industry and gave other blockchains little to no chance of competing for its market share. Even if Ethereum (ETH) continues to hold a dominant position, other blockchains gradually rise to the challenge and gain considerable market share for NFT production.
It has become more straightforward for other blockchain systems to compete with Ethereum (ETH) because of an intrinsic architectural weakness that renders it vulnerable to sometimes absurdly high gas fees (ETH). Due to this, Ethereum’s (ETH) market cap and the cost of its utility token, Ethereum (ETH), have gradually declined.
Solana (SOL) investors start buying into the Degrain presale
Solana is a brash new player who has emerged as a threat to numerous existing cryptocurrencies (SOL). One of the most robust networks in the cryptocurrency sector is Solana, with incredible rates of up to 65,000 TPS. This platform offers an NFT ecosystem and is highly scalable and reliable for developers wishing to build on the networks from the bottom up.
However, there have been network disruptions, leading some participants to lose confidence in the system and leave while the situation is vulnerable. Because of the fast transaction speeds, many people think Solana’s core technology will underpin Web 3.0 and potentially some areas of the financial services sector. It would be wise to include Solana in your investment if the company could convince the community that the outages were a thing of the past.
Degrain (DGRN) is tipped to beat solana, 100% up already
Degrain (DGRN) will be the community’s first cross-chain blockchain-based NFT network. Degrain (DGRN) distinguishes itself by integrating the most critical aspects of a massively influential NFT protocol and token. Astonishingly, 11 million tokens were sold during the first 60 seconds of its Phase One presale and already a week into the presale, over 60% of tokens have been snapped up by investors.
Degrain (DGRN) is already on top crypto analyst’s radar, and otspredicts that it will soon overtake other NFT protocols to become the market leader. According to stories spread by cryptocurrency experts, investors will probably make significant gains from Degrain’s (DGRN) current price of $0.02 already 100% up in the first 9 days of presale. 60% of phase one allocation has been sold. It’s been tipped that Degrain (DGRN) will rise a further 5,000% during the presale period alone
The road seems clear for an impending Degrain (DGRN) takeover, given that Ethereum (ETH) is gradually losing total control over the creation of NFTs and that both Solana (SOL) and Ethereum (ETH) have suffered significant losses in this bear market. Our top pick of the month for best crypto investment goes to Degrain. Find out more about entering the presale below
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