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If you are looking for some promising altcoins to invest in for the second quarter of 2023, you might want to consider Solana, Dogecoin and the TMS Network.
These three cryptocurrencies have shown impressive growth and innovation in the past year, and they have the potential to continue their upward trajectory in the coming months.
Here is a brief overview of each of these altcoins and why they stand out from the crowd.
Founded in 2017, Solana is an open-source blockchain platform designed to host decentralized applications. The Solana blockchain is run by the Solana Foundation, which is based in Geneva Switzerland.
Solana works in an almost similar way to Ethereum. The Solana blockchain is often nicknamed the Ethereum-killer since it's not only capable of hosting decentralized apps like Ethereum can, but it's also much faster, cost-effective, and scalable than Ethereum.
Since its launch, Solana has been a popular cryptocurrency that has won over the hearts of investors. In 2021, the Solana soared almost 12,000%.
However, in 2023, like most other cryptocurrencies, Solana was hit hard by the crypto winter and further affected by the collapse of the FTX cryptocurrency exchange. The market capitalization of Solana dropped from 466 billion in 2021, to $11.71 billion.
In 2023, Solana has shown immense resilience and regained some of its value. At the time of writing, Solana is trading at about $ 0.60 with a market capitalization of $8.43 billion. It also ranks as the 10th largest cryptocurrency by market cap.
Dogecoin is one of the most popular digital currencies and also one of the top cryptocurrencies by market cap. The
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