What to Invest In: MATIC vs. SOL
After some turbulent times, the crypto market seems to be on the right path again. The trick to being a successful investor is identifying which projects and coins have the most significant chance of succeeding in the coming years. As a part of that strategy, you might think it’s time to exchange MATIC to SOL, and this guide is here to help.
We analyze the basics and latest info about the two projects and coins. Once you finish, you’ll know more about Polygon and Solana, which will help you decide whether to proceed with the transaction!
What Do We Know About Polygon?
Polygon is yet another Ethereum competitor that aims to offer more affordable and faster transfers via the Layer 2 sidechains. The project started in 2017, but the rebranding in 2021 turned it into the metaverse and Web 3.0 crypto it is today.
Polygon aims to enable the creation of inter-connectable blockchain networks, and their planned innovations focus on that goal. This allows Polygon to offer lower transfer costs and faster transactions than Ethereum.
A pre-set blockchain could be deployed via a single click, and Polygon has interoperable messaging between Ethereum and other networks. App developers will appreciate they don’t need any extra protocol knowledge.
Solana Review
Solana is a crypto project that brought an important innovation when it was launched in 2020. It established a way how to keep track of time on its platform. The network employs a Proof of History as part of its PoS consensus mechanism. Solana is a decentralized ecosystem that allows making dApps securely and efficiently. The network is scalable and capable of processing 50,000 transactions each second while maintaining the average transaction fee low.
The PoH concept establishes if a message happened before or after a particular event. The Verifiable Delay Function combined with the SHA256 mining algorithm used by Bitcoin establishes the track of how events happen on a blockchain.
Thanks to unique features, Solana performs at a high level and offers a scalable environment for business and personal dApps. It’s hard to make an SOL vs HBAR comparison, but these are two exciting projects that could significantly affect the future of crypto.
MATIC to SOL Price Prediction
The current MATIC token value is around $1, with its market cap set at $9 billion. The circulating supply is about 87% compared to the total supply, with 8.7 billion MATIC tokens in circulation.
As for price prediction, Polygon benefited from a 50% token price jump in the last 12 months. Experts believe it will continue stabilizing in 2023, while optimists believe it could reach $2.4 before the year ends. In 2025, the token could exceed $4, although more cautious experts think it won’t go beyond $3.34.
SOL is currently worth $19, with its market cap being over $7 billion. However, Solana doesn’t have a maximum supply, and 382 million tokens are currently in circulation.
The token will likely keep its rank close to the top ten cryptocurrencies. SOL could be worth up to $44 by the end of 2023, although some experts don’t think it will surpass $33. In 2025, its value could be anywhere from $59 to $77.
What Is a Better Investment Option?
Both projects are reputable in the crypto industry, and there’s excitement surrounding them. However, it remains a question of which will be faster in implementing new features, perfecting the network, and expanding its ecosystem.
At this moment, SOL could be a wise long-term investment since experts believe its value could increase more than three times in the next couple of years. But circumstances change fast in the crypto market, so it’s all about using the right moment. Analyze relevant factors to see if now is the right time to swap MATIC for SOL, and don’t forget to choose a reliable exchange if you want to go ahead with the trade!