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Missed Solana? 2 Cryptocurrencies You Can Buy Right Now

Solana (CRYPTO: SOL) had the kind of 2021 investors dream of. The coin soared more than 12,000% in one year. If you had invested $ 100 in January you would be a millionaire now.

Solana price data from YCharts

While it will be next to impossible to copy the success of Solana, investors might do well to research coins that work with the Solana blockchain. If Solana continues to outperform, coins compatible with its network could also appreciate in value. Both Arweave (CRYPTO: AR) and anchor (CRYPTO: ANKR) be the right thing. Read on to see why these two little coins could have great futures.

Woman in a red dress holds up a stock chart line and shoots to the right.

Image source: Getty Images.

This coin powers a different kind of internet

Keith Noonan (Arweave): The Arweave network offers decentralized data storage solutions and forms the basis of the so-called Permaweb – a new version of the Internet that is designed to make all content permanently and easily accessible. Arweave’s AR token is the currency used to pay for distributed data storage and computer network services, and its price could rise if demand for these technologies continues to grow.

The Arweave organization describes its platform’s core technology as “a hard drive that is shared and never forgets”. As the collection and analysis of data sets becomes increasingly important to business success, Arweave technology can become increasingly important as the ability to record large amounts of tamper-evident information and content becomes increasingly important.

As the number of connected devices skyrockets over the next decade and machine-to-machine communication increases dramatically, there are some potentially strong tailwinds that could help drive demand for Arweave’s Permaweb services to crank. Solana has already partnered with Arweave to address some of its data storage and public ledger needs so the AR token could be prepared to grow in conjunction with the development of the broader Solana blockchain ecosystem.

Following the recent volatility in the crypto market, AR’s token price is down about 40% from its peak and has a market cap of about $ 1.9 billion. For the risk taker, Arweave is still small enough to leave the door open to huge returns, and the token is backed by fascinating technology that suggests relatively attractive fundamentals compared to most other tokens.

This blockchain could one day replace AWS and Azure

Taylor Carmichael (anchor): Chandler Song’s first job was as a software engineer for Amazon‘s cloud platform Amazon Web Services (AWS). While working there, he started with the idea of ​​using peer-to-peer networks to decentralize cloud computing. His idea is that a distributed network of node providers could offer cloud computing to users at much cheaper prices than Amazon. Microsoft, or alphabet charge. And so, in the fall of 2017, Ankr was born.

As Ankr builds its network, the company aims to work with multiple blockchains and achieve cross-chain interoperability. Currently, the company offers developers of decentralized applications (dApps) the opportunity to make Remote Procedure Calls (RPC) and access data from multiple blockchains, including Solana, ether, avalanche, phantom, and Polygon.

Every day, 2 billion RPC calls are made over the Ankr network. By allowing developers to interact with blockchain data, RPC is a mechanism that enables users to earn Ankr Coins across blockchains. In other words, Ankr creates incentives for individual node operators to serve the traffic.

How does it work? Crypto owners can keep their coins in a digital wallet and use the crypto. This is used in proof-of-stake blockchains to validate DeFi (decentralized finance) transactions on the blockchain. Owners who use their crypto in this way receive interest on their coins. Ankr is small right now – its market cap is just under $ 1 billion – but it’s fast becoming a hub for DeFi across multiple blockchains.

While no one should assume that Arweave or Ankr will zoom 12,000% higher in 2022, these small coins have significant advantages. Investors looking to hop on the Solana bandwagon should research the little blockchains that are working with Solana today. Small investments in these coins today can lead to great rewards in the future.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – even one of our own – helps us all reflect critically about investing and make decisions that will help us get smarter, happier, and richer.

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