These Altcoins Have the Most Potential for Q2 2023: Solana (SOL), Dogecoin (DOGE), and TMS Network (TMSN)
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If you are looking for some promising altcoins to invest in for the second quarter of 2023, you might want to consider Solana, Dogecoin and the TMS Network.
These three cryptocurrencies have shown impressive growth and innovation in the past year, and they have the potential to continue their upward trajectory in the coming months.
Here is a brief overview of each of these altcoins and why they stand out from the crowd.
Founded in 2017, Solana is an open-source blockchain platform designed to host decentralized applications. The Solana blockchain is run by the Solana Foundation, which is based in Geneva Switzerland.
Solana works in an almost similar way to Ethereum. The Solana blockchain is often nicknamed the Ethereum-killer since it's not only capable of hosting decentralized apps like Ethereum can, but it's also much faster, cost-effective, and scalable than Ethereum.
Since its launch, Solana has been a popular cryptocurrency that has won over the hearts of investors. In 2021, the Solana soared almost 12,000%.
However, in 2023, like most other cryptocurrencies, Solana was hit hard by the crypto winter and further affected by the collapse of the FTX cryptocurrency exchange. The market capitalization of Solana dropped from 466 billion in 2021, to $11.71 billion.
In 2023, Solana has shown immense resilience and regained some of its value. At the time of writing, Solana is trading at about $ 0.60 with a market capitalization of $8.43 billion. It also ranks as the 10th largest cryptocurrency by market cap.
Dogecoin is one of the most popular digital currencies and also one of the top cryptocurrencies by market cap. The coin was launched as a lightheaded joke that aimed to make fun of the wild speculation in the cryptocurrency market at the time.
Dogecoin has managed to create a robust community of fans who believe in the cryptocurrency and keep it moving forward. Dogecoin has also managed to win over the heart of Elon Musk, which has openly admitted several times that Dogecoin is his favorite cryptocurrency.
As a result, the price of Dogecoin is always affected by whatever Elon Musk says or does. For instance, recently, the price of Dogecoin shot up after Musk temporally replaced the Twitter logo with an image of a Shiba Inu dog, which is the official logo of Dogecoin.
Soon after, the price shot up, yet again, after Elon announce that he will reward anyone who can prove that his family was involved in an emerald mine with 1 million Dogecoin.
Despite its lack of inherent value, Dogecoin has managed to rise from a joke cryptocurrency to become the 8th largest cryptocurrency by market cap. At the time of writing, Dogecoin is trading at about $0.07 a coin with a market cap of over $10.9 billion.
TMS Network (TMSN)
The TMS Network is a decentralized platform built on the Ethereum blockchain. The TMS network aims to introduce groundbreaking features to the trading community, to help them trade better and more effectively.
Investors stand to make large amounts of passive income from the growth of the TMS Network (TMSN), since they will receive a commission based on the volumes of trades on the TMS Network. This means that the more other people use the TMS network to trade, the higher the commission that each TMS Network's (TMSN) investor receives.
Other groundbreaking features that the TMS Network offers include trading bots, strategy builders, access to trading education and resources, portfolio management, and social trading.
The TMS Network's (TMSN) presale has been a hot topic of discussion in the crypto sphere due to its fast growth. Investors who joined the presale in the beginning stages are already seeing massive growth in their profits following the more than 2,500% growth of the TMS Network's (TMSN) tokens. You too can be part of this race.