Hello to my friends who love life and always keep smiling despite all kinds of negativity. With the approach of the autumn bull season, the markets started to warm up. Solana (SOL) and Polkadot (DOT) are starting to show that they will be the sparks of this rally. The Solana and Polkadot ecosystems began to grow. Many projects prefer these ecosystems. Trading volumes have increased with the listing on major exchanges (Binance, Coinbase, Kraken, Huobi, …) in the cryptocurrency markets. While preparing for the autumn rally, I also examined projects in the Solana and Polkadot blockchains.
If you're ready, let's start the Autumn altcoin basket...
First of all, I would like to point out; I'm not talking about Bitcoin (BTC) and Ethereum (ETH). Because 50% of your investments should be BTC and ETH. For the remaining 50%, I share my knowledge with you.
SOLANA (SOL)
Solana price recently reached a new all-time high of $81.25. After this development, a short pullback will be healthy for SOL-USD. The support at $48 would be a suitable buy level. Then the $150 levels can be seen mid-term after the $100 psychological post.
The Solana ecosystem continues to get stronger day by day. The ecosystem is getting stronger with new projects in various fields such as DeFi, advertising, privacy, finance, music and security.
Source by defillama
Projects that caught my attention in the Solana (SOL) ecosystem;
RADIUM (RAY)
Source by defillama
Solana (SOL) is an automated market maker protocol (AMM) that leverages the infrastructure of Serum (SRM), a decentralized exchange built on the blockchain. It is a platform where you can earn profits and trade by providing liquidity. Unlike other AMMs, Raydium (RAY) provides on-chain liquidity to a central limit order book, meaning funds deposited in Raydium (RAY) are converted into limit orders found in Serum's order books. This gives the Radium LPs access to their entire order flow as well as their current liquidity.
SABER (SBR)
Source by Coingecko
Saber (SBR) is the leading cross-chain stablecoin exchange on Solana. Saber provides a liquidity basis for stablecoins, a type of cryptocurrency whose value is pegged to another asset such as the US dollar or bitcoin. Saber, Solana's core cross-chain liquidity network, helps facilitate the transfer of assets between Solana and other blockchains. Market makers deposit cryptocurrencies into a Saber liquidity pool to earn passive returns from transaction fees, token-based incentives and ultimately automated DeFi strategies.
AUDIUS (AUDIO)
Audius is a decentralized music sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving anyone the freedom to distribute, monetize and publish any audio content. They are staked to run discovery or content nodes so that users get a share of the network fees. The artist can bet to unlock features such as tokens and badges and get voting power from fans.
Content creation blockchain projects began to proliferate. As such projects enter real life, blockchain technology evolves. It can be a good investment.
POLKADOT (DOT)
DOT Some pullback would be healthy to test the All-Time High of $49.35. $ 20 levels are considered suitable for purchase.
Polkadot (DOT) is an open-source protocol that enables the interconnection of different blockchain networks, providing secure data transmission across chains, and scalable as needed. They overcome the scalability and interoperability features, which are at the top of the biggest problems of the blockchain ecosystem, by acting as a direct bridge between networks.
Projects that caught my attention in the Polkadot(DOT) ecosystem;
REEF FINANCE (REEF)
Staying above the $0.022 levels is a harbinger of an uptrend for Reef finance.
It is a DeFi platform built on Polkadot (DOT) that aims to provide cross-blockchain trading. The project's offerings include a yield engine and a smart liquidity aggregator. It collects liquidity and provides automation.
ACALA NETWORK (ACA)
Acala (ACA) is Polkadot's all-in-one DeFi hub. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a range of financial applications including: There are an unreliable staking derivative (liquid DOT), a multilateral stablecoin backed by cross-chain assets (aUSD), and an AMM DEX – all payable micro gas fees.
Note: I participated in the testnet process. It got me very excited. A project that I am constantly following…
POLKASTARTER (POLS)
It is a blockchain platform designed to provide an easy-to-use launchpad for cross-blockchain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.
Through Polkastarter (POLS), blockchain projects can easily create their own cross-chain swap pools, allowing them to raise funds securely, while users are invested risk-free as swaps are handled automatically by smart contracts.
The proliferation of projects in the Polkadot (DOT) ecosystem is open to development with funding through Polkastarter (POLS). It should be followed for investment. These types of projects are on the rise with the news.
At the end of my article; My friends, we come across new blockchain networks every day. Each of them declares to perform functions that the previous ones could not. As blockchain networks proliferate, new projects increase. As investors, they are naturally confused. A little advice to get rid of this confusion;
50% of your investment should be Bitcoin and Ethereum. With the remaining 50%, it is to follow the market and make short and medium-term gains. Meanwhile, stock market tokens make good profits during bull seasons. You should also consider these.
SOLANA (SOL) and POLKADOT (DOT) are blockchains that are taking firm steps forward. Over time, projects will be tested for reliability as the number of transactions increases. For now, they give a smooth and stable image.
Thank you for reading my article to the end. If you want to support me; Please don't forget to follow and leave a tip...
As I always say, listen to everyone, decide for yourself...
Buy when everyone is selling, sell when everyone is buying...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch... Take care of yourself so that you and the people around you will be happy...
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Nice summary about both SOL and DOT and what they offer, DOT still has a long way to go to reach its previous all time high so it may still be a good buy, but Sol seems well priced already, I’m not sure about much more potential upside, what do you think?
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Thank you for sharing your thoughts with me. DOT is just getting started. Purchases can be made after a SOL fix comes in.
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