Solana VS Ripple: Which Is Better to Buy?

The crypto market offers over 21 000 various cryptos, but when it comes to investment, one may face difficulties asking which asset to pick. It is advisable to select both large and low-cap coins in your portfolio. In this article, we will discuss two good cryptos on the top list on the Coinmarketcap resource – Ripple and Solana.

What is Ripple?

XRP Ripple price does not show huge fluctuations lately because of the project’s judicial process with the SEC. However, the Ripple Ledger is already used by hundreds of large financial institutions, individuals and developers worldwide. The platform helps make fast and secure money transfers all around the world using its native token, XRP. It participates in currency conversion from fiat to crypto and back. Transactions in the Ripple network are cheap, which is why many people prefer this network to bank services that work slowly and take enormous commissions. Ripple price today is $0.39, and the market cap is over $19 billion (mid-December 2022).

What is Solana?

Solana is also a popular crypto platform with a huge user base. The network is used by decentralized applications, smart contracts, blockchain games, and DeFi products developers as the basis for their products. Some time, Solana was about to overperform the Ethereum network, for it was:

  • Much faster
  • Much cheaper
  • User-friendly.

Now the Ethereum network is also running on the Proof-of-Stake mechanism. 

SOL coins are received through staking. As of mid-December 2022, the SOL price is $14.15, and the market cap exceeds $5 billion. 

Both Solan and Ripple projects are worth attention, for they are meant to bring benefits to crypto developers and facilitate the processes of money transfers. These are the prevalent needs of the market, so there is no doubt that both projects will grow and develop in the future. 

Solana and Ripple trading are available on all crypto exchanges. We recommend using only credible platforms because crypto investments demand reliable services. Try, for example, the WhiteBIT exchange – the largest crypto trading service in Europe with official registration and compliance with regulators’ requirements.


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