Cardano

Solana

Hedera

April

Cosmos

The crypto landscape is buzzing as the anticipated <a href="https://coingape.com/halving/bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin halving </a>event in April 2024 approaches, casting a spotlight on several Solana competitors. Among these, Cardano (ADA), TRON (TRX), Hedera (HBAR), SEI, and Cosmos (ATOM) are capturing investors’ attention, with predictions pointing towards a potential doubling in their values.&nbsp;
As <a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">Solana</a> experiences its price surge, these five alternatives are showing promising signs of significant financial strides, drawing the gaze of savvy investors looking to capitalize on the shifts within the digital currency domain.
<h2 id="strong-1-cardano-ada-strong">1. Cardano (ADA)</h2>
Cardano (ADA), a pioneering third-gen blockchain, distinguishes itself through a proof-of-stake (PoS) mechanism, setting new standards in energy efficiency beyond the traditional proof-of-work (PoW) model.&nbsp;
Recently, <a href="https://coingape.com/price/cardano/" rel="noopener noreferrer nofollow">Cardano price</a> has experienced a noteworthy bullish momentum, ascending over 15% in the past month alone, with an impressive 11% increase last week. This positive trajectory is further evidenced by a significant boost in its Total Value Locked (TVL), as recorded by <a rel="noopener noreferrer nofollow" href="https://defillama.com/chain/Cardano">Defi Llama</a>, underscoring its growing appeal.&nbsp;
<figure id="attachment_188016" aria-describedby="caption-attachment-188016" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-188016" src="https://coingape.com/wp-content/uploads/2024/03/Cardano-price-chart-1.png" alt="5 Solana Rivals Set To Double In Value Before Bitcoin Halving In April" width="705" height="471" srcset="https://coingape.com/wp-content/uploads/2024/03/Cardano-price-chart-1.png 705w, https://coingape.com/wp-content/uploads/2024/03/Cardano-price-chart-1-300x200.png 300w, https://coingape.com/wp-content/uploads/2024/03/Cardano-price-chart-1-150x100.png 150w, https://coingape.com/wp-content/uploads/2024/03/Cardano-price-chart-1-272x182.png 272w" sizes="(max-width: 705px) 100vw, 705px">
 <figcaption id="caption-attachment-188016" class="wp-caption-text">
 Cardano price chart
 </figcaption>
</figure>
Currently, Cardano’s value stands at $0.6755, marking a 4% rise in the last 24 hours. Positioned as the ninth largest cryptocurrency, it’s fast becoming a strong competitor to Solana, with predictions hinting at a potential doubling in value ahead of the anticipated bitcoin halving this April.
<h2 id="strong-2-tron-trx-strong">2. TRON (TRX)</h2>
TRON (TRX), a decentralized web platform focusing on entertainment, was founded in 2017 to overcome the scalability challenges faced by Ethereum and Bitcoin.&nbsp;
Over the past year, TRX experienced a remarkable 88% surge in price, indicating strong investor interest and heightened activity within its ecosystem. The Total Value Locked (TVL) in the TRON network has been consistently growing, signaling robust growth and expanding utility in the decentralized finance (DeFi) space.
Presently, <a href="https://coingape.com/price/tron/" rel="noopener noreferrer nofollow">TRON’s price </a>stands at $0.1215, with a market capitalization of $10.66 billion. This places it 15th in the market, directly competing with Solana, and it is anticipated to double in value before the upcoming bitcoin halving in April.
<h2 id="strong-3-hedera-hbar-strong">3. Hedera (HBAR)</h2>
Hedera (HBAR), the core digital asset of the environmentally friendly Hedera network, plays a pivotal role in various network operations, including handling transaction fees and enhancing the security of the network via a proof-of-stake mechanism.
<a href="https://coingape.com/price/hedera-hashgraph/" rel="noopener noreferrer nofollow">HBAR</a> experienced a notable price increase to $0.1219, marking a 21% rise in just a day. This surge is part of a broader trend that saw the cryptocurrency appreciate more than 15% over the past month. Presently ranked 32nd on <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/hedera/">CoinMarketCap</a>, Hedera’s live market capitalization is $4.1 billion.
<h2 id="strong-4-sei-sei-strong">4. Sei (SEI)</h2>
Sei is quickly emerging as a formidable player with its layer 1 blockchain designed specifically for trading. The latest data indicates <a href="https://coingape.com/price/sei-price/" rel="noopener noreferrer nofollow">Sei’s price </a>at $0.862, marking a 3% increase in 24 hours. Sei’s rising prominence, supported by its TVL, underlines its significant potential in cryptocurrency.
The previous year has been extraordinary for SEI, with its valuation jumping by more than 10,668%, indicating a strong upward momentum. This surge positions it to outpace its Solana counterparts ahead of the anticipated bitcoin halving in April, reflecting a robust bullish trend.
<h2 id="strong-5-cosmos-atom-strong">5. Cosmos (ATOM)</h2>
Cosmos (ATOM) positions itself as a pioneering project tackling the blockchain sector’s most challenging issues. It proposes a solution to the drawbacks of proof-of-work protocols like Bitcoin, often criticized for being slow, costly, non-scalable, and environmentally detrimental. Instead, Cosmos introduces a network of interconnected blockchains.&nbsp;
<figure id="attachment_188017" aria-describedby="caption-attachment-188017" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-188017" src="https://coingape.com/wp-content/uploads/2024/03/Cosmos-price-chart.png" alt="5 Solana Rivals Set To Double In Value Before Bitcoin Halving In April" width="704" height="507" srcset="https://coingape.com/wp-content/uploads/2024/03/Cosmos-price-chart.png 704w, https://coingape.com/wp-content/uploads/2024/03/Cosmos-price-chart-300x216.png 300w, https://coingape.com/wp-content/uploads/2024/03/Cosmos-price-chart-150x108.png 150w" sizes="(max-width: 704px) 100vw, 704px">
 <figcaption id="caption-attachment-188017" class="wp-caption-text">
 Cosmos price chart
 </figcaption>
</figure>
Recently, <a href="https://coingape.com/price/cosmos/" rel="noopener noreferrer nofollow">Cosmos price</a> has shown a positive trajectory, trading at $12.47 with a 4.50% increase, showcasing a bullish momentum. Over the last month, ATOM’s value has risen over 17%, with a weekly increase of 12%. This trend suggests that Cosmos, a competitor of Solana, could see its value double before the anticipated Bitcoin halving in April.
<h2 id="strong-bottom-line-strong">Bottom Line</h2>
As the Bitcoin halving event approaches, the cryptocurrency market is witnessing a surge of excitement. Among the beneficiaries are five altcoins positioned as Solana’s rivals, each showing significant potential for growth. Investors are keenly watching Cardano, TRON, Hedera, SEI, and Cosmos, anticipating that these digital assets could double in value while highlighting a vibrant period for the crypto sector.
The post <a href="https://coingape.com/markets/5-solana-rivals-set-to-double-in-value-before-bitcoin-halving-in-april/" rel="noopener noreferrer nofollow">5 Solana Rivals Set To Double In Value Before Bitcoin Halving In April</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

5 Solana Rivals Set To Double In Value Before Bitcoin Halving In April

Table of Contents

Coingape News Media

Other articles published on Mar 26, 2024

Grayscale tips Ether ETF approvals despite SEC ‘lack of engagement’

Ethereum investors spotted moving $740m, 30 days from Bitcoin halving

Top 5 Penny Cryptocurrencies To Buy Now – Altcoins With 100X Potential?

Man Embarks on Legal Quest for Lost $560 Million Bitcoin Treasure

Osmosis, dYdX and Synthetix most actively developed DeFi projects: Santiment

Investors Acquire BlockDAG Presale Amid SOL Surge and Positive ICP Outlook

Join our free newsletter for daily crypto updates!