Ethereum (ETH) and Solana (SOL) currently dominate the NFT market as most NFTs are based on their networks. However, an exciting upcoming project called Degrain is expected to have better utilities and become more valuable than both of them.
Ethereum – can it bounce back?
Ethereum (ETH) is a decentralized blockchain platform that facilitates secure peer-to-peer transactions with smart contracts. It has established itself as the most popular altcoin in the market. Most NFTs are Ethereum-based, so marketplaces require buyers to have crypto wallets before transacting.
Ethereum (ETH) has a market cap of over $145 billion, the highest for cryptocurrencies bar Bitcoin (BTC). It constantly experiences high trading volume, partly because that’s the accepted currency for most NFTs. Its 24-hour trading volume lies around $8 billion.
Despite its utility, Ethereum’s price dropped from its all-time high of $4,812 to $1,064 in July 2022. There are an estimated 10 million Ethereum (ETH) owners today, which is expected to only increase.
What is Solana?
Like Ethereum (ETH), Solana (SOL) is an open-source blockchain software developers use to create crypto-based applications. It was released in 2020 and had been growing in trading volume and market cap ever since. As of July 2022, Solana (SOL) has a market cap of $13 billion and a 24-hour trading volume of $780 million. The token is also used to create NFT marketplaces and trade NFTs but is less popular than Ethereum (ETH).
At its peak, Solana (SOL) was priced at $260. Now, people can buy one unit for $38, which is not good news for investors. The number of daily users dropped after Solana (SOL) experienced a series of performance issues. However, this has increased as of late, with approximately 230,000 people using Solana (SOL) every day.
Why Degrain (DGRN) will be a better alternative
Degrain (DGRN) will be a safe and secure NFT marketplace with unique cross-chain capabilities. This interoperability will allow NFT holders to send their assets to other networks and provide users with flexibility and accessibility.
It plans to offer real-world companies the full benefits of NFTs and distribute this revenue with its token stakers. The project is predicted to be the next big thing in the Web3 space, and its successful presale launch has backed this claim. Within seconds of its launch, excited investors worldwide bought 11 million tokens so they won’t miss out on its massive increase in value and perhaps the greatest investment opportunity of 2022.
In 2021, many investors gained massively from Shiba Inu’s price hike, despite being a meme coin. Investors should anticipate a similar price hike with Degrain (DGRN), as the project will likely gain over 4,000% of its value at launch. And this growth will be sustainable since Degrain incorporates real-world utilities and represents the future of NFTs.
The features of the NFT marketplace will catch the eyes of holders of popular NFT collections and draw them to the platform. In addition to this, with the revenue sharing of platform fees and real-world backed revenues concept with investors, We strongly believe that an investment in Degrain (DGRN) will provide exceptional returns to investors of its presale.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
