Imagine having to pay nearly $40 in credit card fees on every transaction. You would probably stop using your credit card. That doesn’t make any sense, does it? If this scenario were to occur, you would likely respond by stopping using your credit card or changing your credit card provider.
Fountain, crypto investors are faced with a similar situation when trading on the ether (ETH) network and have to pay tens of dollars for transactions that are often less than that amount.
While it’s nothing new, it’s certainly starting to take a toll on the crypto community, which is now increasingly turning to the alternative blockchains that offer lower gas fees, usually along with a highly competitive transaction speed and low latency compared to Ethereum.
We will cover three of these networks in this article, each with their own indigenous character what might be attractive investment if you believe in the long-term potential of these projects.
Sunshine (SUN)
Solana (SOL) is the shining star of the moment. Despite some troubles on the streets in the form of hacks and other online attacks, Solana managed to assert itself and solidify its status as a leading part of the exclusive cryptocurrency Top 10 club.
Solana made headlines as the main contender in the “Ethereum Killer” club because of its network that offers some of the fastest transactions on the market for just a fraction of a cent. In fact, Solana’s network can process up to a staggering 65,000 transactions per second (TPS)while ether Network makes about 15. Numbers speak for themselves…
If you want to benefit from Solana’s exceptional performance in the present and future, you can invest in its token. SOL. Indeed, the Solana currency SOL has seen a meteoric rise over the past week, up almost 20% in the last 7 days.
Although most market analysts claim that SOL has now entered overvalued territory, history has shown it investors are not afraid to chase SOL at such high valuations, which pushes the price even higher.
Of course, one has to be careful in such a situation when excitement and greed rule the market. as SOL’s The price may not be as attractive now as it was a few weeks ago, but Solana remains a great cryptocurrency to hold for years to come.
Solanas The biggest challenge is securing its network as it has suffered major attacks in recent months, but Solana has done it proven it is strength by surviving these crises while other projects might have collapsed altogether. Definitely a promising project to keep on your watch list!
Binance Coin (BNB)
trading under the BNB ticker, binance coin (BNB) is the currency of the Binance ecosystem.
As a company, Binance has now grown into the world’s leading company cryptocurrency Exchange and processes even more transactions daily than its main competitor coin base. This success is reflected in the performance of BNB, ascending 1344% in 2021 and surpass Blue chips like Bitcoin (BTC) and Ethereum (ETH).
Now, BNB has a market cap of $75 billion and is the 4th largest cryptocurrency by market cap. Originally launched on the Ethereum network, BNB was then migrated to Binance Chain and Binance Smart Chain (Binance’s Ethereum virtual machine-compatible network), which can process around 160 transactions per second (TPS) for negligible gas charges.
BNB is not only interesting because it gives you access to Binance and its products explosive growthbut the cryptocurrency appears to have a well-considered use.
In fact, after starting out as a simple utility character By providing rebates on Binance’s trading fees, BNB has grown into one of the most complete and versatile cryptocurrencies currently in circulation. Now hold some BNB allows you to pay Binance’s transaction fees in full (not just a discount), access exclusive financial services, and even book specific venues!
Also every three months binance uses a fifth of its profits to buy back BNB on the market and then burn it. This mechanism, known as Buyback and burnmakes Binance Coin scarce over time, increasingly it is value according to the principle of supply and demand.
Although less fast than the Solana network, the Binance Chain remains around 10 times faster than that ether Network, a significant achievement.
Quitriam Finance (QTM)
Quitriam Finance (QTM) is another project that aims, among other things, to counteract the rising trading costs on mainstream networks, especially Ethereum.
This emerging project aims to develop a decentralized multichain exchange (DEX) called Quitriam Swap. Quitriam Swap would be present on multiple networks simultaneously to offer some of the fastest transactions on the market. In fact, the Quitriam team claims that Quitriam Swap could handle up to 50,000 TPS, a massive feat if that’s actually the case.
And that’s just the tip of the iceberg: eventually Quitriam Finance aims to start one of its own stablecoinMC and provides yield farming and lending solutions to its users as well NFT Marketplace – some developments that are certainly reminiscent of those that are now famous PancakeSwap (cake).
Quitriam Finance is currently in the pre-sale phase offering its native offering character, QTM$0.000011.
As other projects have shown over time, pre sales may be the place to be if you have an above average risk appetite and are willing to experience some market turbulence in the early stages.
The presale, in turn, also offers one opportunity for investors to experience multi-digit performances and easily double, triple or double them 10x her initial investment. High risk, high reward, as they say…
Definitely, Quitriam Finance looks like a promising project with a solid roadmap that deserves a spot on your watch list with its imminent launch.
Keywords: Solana, SOL, Binance, BNB, Quitriam Finance, QTM, Ethereum, Blockchain, Token
Find out more about Quitriam Finance
Website: https://quitriam.io/
Presale: http://presale.quitriam.io/
Instagram: https://www.instagram.com/quitriam_finance
Twitter: https://twitter.com/quitriamfinance
Telegram: https://t.me/QUITRIAMFINANCEOFFICIAL
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