Investors view market conditions differently. Your approach to the coin market (or how you view it) usually determines your market experience in the long run. Cryptocurrency market isn’t a get-rich-quick scheme. It’s more of a fast way to lose your savings, than a quicker way.
The difference between those that lose their digital assets faster and those that profit from the market over the years are ‘greed’ and ‘patience’. These two factors are vital to your success in the coin market. You must have the latter, and discard the former to ensure you don’t lose all while trying to gain more.
Checking out low and medium priced assets is a fairly effective risk management tactic. However, irrespective of the price level, ensure you have a purchase budget, and don’t purchase the amount you can’t afford to lose. With that said, our article brings you two cryptocurrencies, Zompot token (ZPOT) and Solana (Sol) with varying price ranges that can be a good purchase for your portfolio.
Zompot token (ZPOT) is a new cryptocurrency that’s yet to go on presale. The token boasts great utility and is set to sell at a low presale price, making it a great option of purchase.
Witness Amazing Speed with Solana (Sol)
Solana (Sol) is an open source protocol that leverages the permissionless nature of blockchain technology to provide decentralized finance (DeFi) related solutions. Solana, which is a highly functional decentralized network, is structured to enable digital creators to build decentralized applications (dApps) and other digital creations, leveraging smart contracts integration.
Solana’s short processing time allowed Solana to gain much popularity within its short-time of launch. Solana uses an innovative hybrid consensus mechanism to provide optimum functionality and security for varying types of users including small-scale traders and large-scale/institutional traders.
The Solana (Sol) ecosystem combines proof-of-History (PoH) and proof-of-stake (PoS) consensus algorithms, improving scalability, security, and processing efficiency. Solana rose to the 7th by market value on Coinmarketcap in 2021. This came after Solana made an impressive bull run with over 700% gain since mid-July of the previous year.
With applications in the DeFi ecosystem, NFTs rising, block chain gaming, the success of Solana seems far from its peak as the token boasts application in these areas. Solana token (SOL) has an all-time high of $260.06 but has since suffered a price decline in the bear market, selling at a current market price of above $35.
This has reduced its market value ranking to 9th on Coinmarketcap with a market cap of over $12 billion.The current price makes it a good medium price coin to purchase, due to its strong potential to reach and surpass its previous all-time high.
New Token On The Horizon Zompot Token (ZPOT)
Zompot Token (ZPOT) shares certain similarities with Solana (Sol). Both cryptocurrencies have features that improve on blockchain’s trilemma and also share virtual reality applications. While there’s no specifics on whether Zompot token will feature a virtual game use case, the developers have described it as a fungible virtual token that can function as a transaction fee for purchased items and services in the virtual world.
The token will be available on Binance Smart Chain — a platform considered as the largest crypto broker in the world, in terms of trading volume. The platform improves on blockchains transaction speed limitation, and provides solutions for optimum data security and privacy. It leverages a decentralized anonymous payment scheme (DAPs) to enable users to pay each other directly and privately, without revealing the transaction’s origin, destination, or amount.
It also improves blockchain transparency by providing users with a custom snapshot of the currency’s ledger at any given time. Zompot enhances transaction speed, protects users from inflation, and offers data protection. All these make Zompot a safe, secure, and highly functional platform for transactions.
Zompot token (ZPOT) powers these utilities. It is the native token of the ecosystem and has a strong potential for adoption due to the project’s multiple benefits. It will be available on presale at a very low price that’s billed to increase in a bull market. It’s a good option for low price coins to consider.