NEAR Protocol

Injective

Toncoin

Fantom

TRON

The <a href="https://coingape.com/glossary/cryptocurrency/">cryptocurrency</a> landscape highlights five notable <a href="https://coingape.com/top-layer-1-crypto-projects/">layer 1</a> Solana competitors that investors should consider for enduring value. These include Fantom (FTM), Injective (INJ), NEAR Protocol (NEAR), Toncoin (TON), and TRON (TRX).&nbsp; 
Each currency introduces unique advancements and is experiencing increasing market presence, which makes them attractive investment options. Their technological breakthroughs and expanding user bases suggest a potential for a significant impact on the digital currency market. 
<h2 id="span-style-font-weight-400-1-fantom-ftm-span">1. Fantom (FTM)</h2> 
Fantom (FTM) is a decentralized, cutting-edge, open-source platform tailored specifically to DApps and digital assets. As a robust alternative to Ethereum, Fantom seeks to transcend the barriers posed by first-generation blockchains through its commitment to scalability, security, and decentralization. This platform positions itself among top contenders, like five must-buy-and-hold <a href="https://coingape.com/price/solana/">Solana</a> rivals.&nbsp; 
<figure id="attachment_204126" aria-describedby="caption-attachment-204126" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-204126" src="https://coingape.com/wp-content/uploads/2024/06/Fantom-price-chart.png" alt="Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever" width="751" height="459" srcset="https://coingape.com/wp-content/uploads/2024/06/Fantom-price-chart.png 751w, https://coingape.com/wp-content/uploads/2024/06/Fantom-price-chart-300x183.png 300w, https://coingape.com/wp-content/uploads/2024/06/Fantom-price-chart-150x92.png 150w" sizes="(max-width: 751px) 100vw, 751px">
 <figcaption id="caption-attachment-204126" class="wp-caption-text">
 Fantom price chart
 </figcaption>
</figure> 
In recent market activity, Fantom has demonstrated a positive trajectory, marking a notable gain of over 2% in the previous week alone. The price of Fantom is $0.5868, showing an impressive 4% increase within the last 24 hours. According to the latest data from <a rel="nofollow" href="https://coinmarketcap.com/currencies/fantom/">CoinMarketCap</a>, Fantom occupies the 51st rank, boasting a market capitalization of $1.6 billion. 
<h2 id="span-style-font-weight-400-2-injective-inj-span">2. Injective (INJ)</h2> 
Injective (INJ) is pioneering advancements in the financial industry with its state-of-the-art, transparent, and compatible layer-one blockchain. This platform fuels a new wave of DeFi applications, including decentralized markets for spot and derivative trading, prediction platforms, and borrowing services.&nbsp; 
Injective aims to rival Ethereum’s market position and redefine transaction speed and cost benchmarks, where competitors like Solana have set high standards. 
Currently, the <a href="https://coingape.com/tag/injective-inj-price/">INJ</a> token is priced at $21.24, reflecting a 4% rise over the past day. This increase signifies escalating confidence among investors, positioning it as one of the top five Solana contenders to invest in and hold indefinitely. 
<h2 id="span-style-font-weight-400-3-near-protocol-near-span">3. NEAR Protocol (NEAR)</h2> 
NEAR Protocol (NEAR) is emerging as a prominent player in decentralized cloud computing. It addresses key blockchain challenges such as sluggish transactions, limited capacity, and poor interoperability. Positioned 17th on CoinMarketCap, NEAR boasts a market capitalization of $5 million.&nbsp; 
Over the last day, the<a href="https://coingape.com/price/near-protocol/"> Near Protocol price</a> has increased by 0.40%. Impressively, its price has skyrocketed by 207% in the past year. This significant growth positions NEAR as a top competitor to Solana, making it a compelling choice for long-term investment. 
<h2 id="span-style-font-weight-400-4-toncoin-ton-span">4. Toncoin (TON)</h2> 
Toncoin (TON), facilitated by Telegram, transforms blockchain with its innovative layer-1 solution. Designed for widespread adoption, it ensures low costs and rapid transaction speeds, enhancing its scalability and user accessibility. 
Currently, <a rel="nofollow" href="https://coinmarketcap.com/currencies/toncoin/">Toncoin</a> is priced at $7.50, marking a 3% decrease over the last day and a 7% fall over the week. Despite recent declines, TON has risen by 422% this past year. Now ranked as the eighth largest cryptocurrency, with a market cap of $17 billion, TON showcases a strong market presence. 
<h2 id="span-style-font-weight-400-5-tron-trx-span">5. TRON (TRX)</h2> 
TRON (TRX) continues to advance in the decentralized entertainment industry. Its value has surged by 65% over the last year, signaling a strong increase in investor interest and platform usage. This cryptocurrency has seen its Total Value Locked rise steadily, enhancing its profile in the decentralized finance (DeFi) sector.&nbsp; 
<figure id="attachment_204127" aria-describedby="caption-attachment-204127" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-204127" src="https://coingape.com/wp-content/uploads/2024/06/TRON-price-chart-1.png" alt="Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever" width="686" height="440" srcset="https://coingape.com/wp-content/uploads/2024/06/TRON-price-chart-1.png 686w, https://coingape.com/wp-content/uploads/2024/06/TRON-price-chart-1-300x192.png 300w, https://coingape.com/wp-content/uploads/2024/06/TRON-price-chart-1-150x96.png 150w" sizes="(max-width: 686px) 100vw, 686px">
 <figcaption id="caption-attachment-204127" class="wp-caption-text">
 TRON price chart
 </figcaption>
</figure> 
Currently, <a href="https://coingape.com/price/tron/">TRON price</a> is $0.1193. With a market capitalization of $10 billion, TRX now holds the 11th position globally among cryptocurrencies. This growth marks TRON as a key competitor to Solana and other leading digital currencies, suggesting its potential as a long-term investment. 
<h2 id="span-style-font-weight-400-bottom-line-span">Bottom Line</h2> 
Investing in these cryptocurrencies could be a strategic move for those aiming to diversify their portfolios with dynamic and growing digital assets. As they continue to innovate and expand, their long-term potential becomes increasingly apparent. 
The post <a href="https://coingape.com/markets/want-to-retire-rich-5-no-brainer-solana-rivals-to-buy-now-and-hold-forever/">Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever

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