Cardano

bullish

Solana

Toncoin

Avalanche

Cardano (ADA), Toncoin (TON), and Avalanche (AVAX) are emerging Solana rivals to buy, as the SOL price signals a continuation of a sideways trend. Over the past five months, the Solana coin has wavered around the $160 level, projecting a lack of luster performance. Thus, the sellers could strengthen their grip in September if this altcoin fails to gain sufficient momentum in the coming week.
<h2 id="solana-rivals-to-buy-as-sol-faces-uncertainty-in-september">Solana Rivals to Buy as SOL Faces Uncertainty in September</h2>
Data from cryptoranks shows Solana coin historical performance based on every month since 2020. The chart below indicates uncertain trends for <a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">SOL price</a> in September, with an average growth of +0.85% and a median return of +6.5%. This suggests that Solana buyers may face challenges in achieving a sustainable recovery in the upcoming months, potentially giving its competitors in the layer 1 space an opportunity to gain momentum.
<img decoding="async" class="aligncenter size-full wp-image-213396" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_15-56-50-e1724247116557.png" alt="" width="1200" height="401">
<h2 id="span-style-font-weight-400-toncoin-ton-span">Toncoin (TON)</h2>
Toncoin, the native cryptocurrency of the TON blockchain, has experienced rapid growth in 2024, driven by its integration with Telegram and strong ecosystem developments. By press time, TON price traded at $6.7 and boasted a market cap of $17 billion.&nbsp;
Amid its growing utility in decentralized finance, play-to-earn games, and fast, low-cost transactions, Toncoin stands strong among Solana Rivals to buy. Data from IntoTheBlock analytics highlights a significant milestone for the TON network, with the number of addresses holding a balance surpassing the <a href="https://coingape.com/markets/toncoin-price-rally-8-as-addresses-balance-40m/" rel="noopener noreferrer nofollow">40 million mark</a>. The parabolic in this address state indicates increasing adoption and a robust network, attracting both retail and institutional investors.
<figure id="attachment_213392" aria-describedby="caption-attachment-213392" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-213392" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48.png" alt="Toncoin- Addresses with Balance" width="1567" height="505" srcset="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48.png 1567w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48-300x97.png 300w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48-1224x394.png 1224w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48-768x248.png 768w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48-1536x495.png 1536w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-42-48-150x48.png 150w" sizes="(max-width: 1567px) 100vw, 1567px">
 <figcaption id="caption-attachment-213392" class="wp-caption-text">
 Addresses with Balance | Intotheblock
 </figcaption>
</figure>
With sustained buying, the asset could drive a 28% surge to challenge the $8.3 All-time High.
<h2 id="span-style-font-weight-400-cardano-ada-span">Cardano (ADA)</h2>
The layer 1 cryptocurrency Cardano has traded sideways for the past two months. With its current trading price at $0.35, ADA is down 88.65% from its all-time high of $3.10 while maintaining a market capitalization of $12.6 billion.
According to <a rel="noopener noreferrer nofollow" href="https://santiment.net/">Santiment</a> data, the supply distribution among Cardano addresses holding between 1,000,000 and 10,000,000 coins has displayed a notable rally. The on-chain metric recently spiked to 2460 ADA coins, hints the large holders (whales) are accumulating this asset and projecting confidence for a further price rally.
<figure id="attachment_213394" aria-describedby="caption-attachment-213394" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-213394 size-full" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55.png" alt="Solana Rivals to buy - Cardano" width="1821" height="753" srcset="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55.png 1821w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55-300x124.png 300w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55-1224x506.png 1224w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55-768x318.png 768w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55-1536x635.png 1536w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_18-37-55-150x62.png 150w" sizes="(max-width: 1821px) 100vw, 1821px">
 <figcaption id="caption-attachment-213394" class="wp-caption-text">
 Cardano supply distribution by Whales | Santiment
 </figcaption>
</figure>
If the bullish momentum persists, the <a href="https://coingape.com/price/cardano/" rel="noopener noreferrer nofollow">ADA price</a> could rally 20% to retest $0.425 resistance, followed by $0.81.
<h2 id="span-style-font-weight-400-avalanche-avax-span">Avalanche (AVAX)</h2>
Avalanche is a decentralized, open-source blockchain platform known for its high scalability, low transaction fees, and fast processing times. Among Solana Rivals to buy, <a href="https://coingape.com/price/avalanche/" rel="noopener noreferrer nofollow">AVAX price</a> has experienced six consecutive days of gain, uplifting the asset from $19.78 to $23— a 16.5% increase.
The bullish momentum is backed by a sudden uptick in the Avalanche large transaction volume, according to <a href="https://coingape.com/price/avalanche/" rel="noopener noreferrer nofollow">Intotheblock</a> data. The on-chain metric recently spiked to 391 Txs, signals the increasing institutional interest or whale activity that could bolster price recovery.
<figure id="attachment_213395" aria-describedby="caption-attachment-213395" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-213395" src="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27.png" alt="Avalanche" width="1597" height="490" srcset="https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27.png 1597w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27-300x92.png 300w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27-1224x376.png 1224w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27-768x236.png 768w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27-1536x471.png 1536w, https://coingape.com/wp-content/uploads/2024/08/image_2024-08-21_16-02-27-150x46.png 150w" sizes="(max-width: 1597px) 100vw, 1597px">
 <figcaption id="caption-attachment-213395" class="wp-caption-text">
 Number of Large Transactions | Intotheblock
 </figcaption>
</figure>
Thus, the <a href="https://coingape.com/price/avalanche/" rel="noopener noreferrer nofollow">Avalanche price prediction</a> hints at a potential breakout rally to $33, followed by $65.
The post <a href="https://coingape.com/markets/3-top-solana-rivals-to-buy-to-turn-1-to-100/" rel="noopener noreferrer nofollow">3 Top Solana Rivals to Buy to Turn $1 to $100</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

3 Top Solana Rivals to Buy to Turn $1 to $100

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