Investing in crypto is getting more challenging than in the previous year. Unfortunately, many platforms have come and gone, and the ones still left might not be as alluring as they used to be. For instance, Solana (SOL) was once considered a competitor to Ethereum (Ether), but today it has lost 92.30% of its value, and with it, a lot of investors’ portfolios.
However, all is not doom and gloom in the crypto scene. Many up-and-coming platforms, such as Rate That Crypto (RTC), and VeChain (VET), have taken lessons from previous generations and created more resilient platforms. As such, we will highlight why analysts consider RTC and VET safer investments than SOL and why you should consider joining their bandwagon when it’s still early.
Why is Solana Failing?
Technology is constantly evolving, and so are the platforms that organizations use to operate.
However, Solana has been struggling to keep up with the competition recently. Here, we will examine some of the reasons for Solana’s negligence.
1.The Current Recession
Due to the world’s economies closing down during the pandemic and other market factors, the world is in a recession, which has not been good for cryptocurrencies. People tend to reduce spending or sell off riskier assets such as crypto during such times, and Solana has not faired well this season.
2.NFTs
NFTs were well meant and still have real-life use for artists to keep track of their art’s provenance and even as a sign of a community, such as the Bored Ape Yacht Club. However, the online community abused this aspect of blockchain technology, leading to the downfall of NFTs, which was a significant element of SOL’s appeal.
Why is Rate That Crypto and VeChain Different?
Crypto and VeChain are the hottest investments today, but many investors fail to understand that the two assets’ rates are not the same. These are determined by several factors, including:
1.Functionality
VeChain is a blockchain network that aims to simplify and make business transactions transparent. Furthermore, other than acting as a peer-to-peer transaction platform, it helps businesses with complex supply chain and operations procedures automate their processes and make them more efficient.
While on the other hand, Rate That Crypto is a platform that allows you to benefit from making predictions on the price movement of crypto prices and placing trades accordingly. It also has a play-and-earn gaming mechanism that introduces a fun and learning aspect to the platform. In addition, if you’re one of the VIP members on the platform, you will soon earn more rewards from staking currencies once the feature is available.
2.User-Friendly User Interfaces
Rate That Crypto is a mobile-first platform, while VeChain has a light mobile app with easy-to-use and navigate UIs for Android and IOS devices. This makes them convenient and provides the functionality and security you expect from a high-end site. Furthermore, RTC expects to have in-app purchases feature of its token in the coming months, which will make investing in it more convenient.
Conclusion
The crypto market has been getting more difficult with every passing day. But as the saying goes, the best timber comes from trees that grow in strong winds. And true to this, crypto developers such as Rate That Crypto and VeChain have gone back to the drawing board and redefined crypto investments. They have taken lessons from failing currencies such as Solana and implemented solutions that might be the things that save the crypto industry.
So if you’d like to get on the bandwagon before it picks up more steam, visit the Rate That Crypto presale page to explore some of your options.
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For more information on Rate That Crypto visit the links below:
Presale Website: www.ratethatcrypto.com
Linktree: https://linktr.ee/ratethatcrypto