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Cryptocurrencies can be a great way to diversify your portfolio and protect your wealth in times of economic uncertainty. Cryptocurrencies to watch in 2022 are Solana (SOL) and EOS (EOS). Each of these cryptocurrencies has unique characteristics that make it attractive to investors.
The Ethereum Killer: Solana (SOL)
Solana (SOL) is a cryptocurrency created in 2017 as a fast, decentralized and scalable blockchain. The native token, SOL, has a market cap of over $17.2 billion as of May 2022. The Solana (SOL) platform uses a unique Proof-of-Stake (PoS) consensus algorithm to process thousands of transactions per second. Additionally, Solana is designed to be energy efficient, as its consensus algorithm does not require mining like other cryptocurrencies such as Bitcoin (BTC), and it appears to be growing as an alternative to Ethereum. As a result, Solana (SOL) has low transaction costs and can be used for daily transactions and large business solutions.
Fast growing EOS (EOS)
EOS (EOS) is a cryptocurrency created as a more user-friendly alternative to Ethereum (ETH). Unlike Ethereum, EOS is designed to allow fast transaction processing and easy scalability. This has made EOS one of the most popular cryptocurrencies with a market cap of over $1.2 billion.
While EOS still has some way to go before it catches up with Ethereum in terms of overall usage, its popularity is on the rise. It is already considered one of the most promising cryptocurrencies.
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