Three Layer-1 blockchains:
Solana.
Luna.
Avax.
Three big backers:
Sam Bankman-Fried.
Do Kwon.
Zhu Su.
And one race to US$250.
TL;DR:
- SOL – could win.
- LUNA – could win.
- AVAX – could win.
- Your chance to win a US$1,000 giveaway.
These so-called “ETH killers” enjoyed so much success, they earned the combined name of Solunavax.
Full disclosure, we’re invested in all three, obviously. Who isn’t? But which of the three offers the most upside potential?
And which one of them will be the first to the line.
The votes are in
Right now, SOL is in a clear lead among the community.
A far cry from Ran’s last poll a month back, where LUNA emerged the winner.
So, why can’t people make up their minds?
What’s changed?
Let’s dive in.
Solana – the bull case
Solana remains one of the fastest-growing blockchains in the world.
It is an ultra-fast Layer-1 with a full theoretical capacity of 50,000 transactions per second (TPS). To put that into perspective, Ethereum handles only approximately 33.6 transactions per second.
Secondly, Solana’s proof-of-history consensus mechanism is incredibly efficient, making it not only environmentally friendly, but also cost-effective. Solana is able to process transactions at rock-bottom prices (in many cases, at a fraction of a cent). For those looking to sell their NFTs or transact in small amounts, this low-fee structure is a huge attraction.
The Solana Foundation and a venture capital fund named Seven Seven Six have planned to invest US$100 million to develop the so-called “next wave” of social media on SOL. There’s reason to believe that this investment will drive more development on the blockchain.
BUT…
Solana’s lightning-fast speeds have been slowing down with the increased use of the chain. Plus, a series of DDoS attacks (distributed denial-of-service) and outages have seen the network suspended, raising questions of scalability, security and centralization.
LUNA
What more can we say about Luna?
Terra’s algorithmic stablecoin continues to shine, and the explosion in its growth, combined with the Luna Foundation Guard’s (LFG) recent BTC buying spree has only strengthened our resolve.
The Bitcoiners are coming round to it.
Even some of the bears are changing their tune.
And as per our recent article, it just flipped a previous all-time high from resistance to support and is now heading to price discovery mode.
BUT…
As will always be the case for LUNA, if something went wrong – if UST lost its peg, for example, for whatever reason – it could trigger a series of events that would ultimately punish LUNA’s recent gains.
Sensei Algod is banking on it to the tune of a million dollars… Check out this thread to find out why.
Worst case scenario, this quant (quantitative analyst) suggested a beamish scenario price target of US$0.30.
AVAX
This one has more than lived up to its name.
A fast, scalable, decentralized smart contract Layer-1 on which dApps, smart contracts, and subnets can be created on an array of different blockchain “virtual machines” while benefiting from Avalanche’s speed.
Its ingenious consensus mechanism offers transactions up to 6500 per second, with near-instant finality.
With sound tokenomics and huge decentralized finance (DeFi) and game finance (GameFi) potential, this Layer-1 will surely hit US$250 dollars. But before the other two? Could be.
Banter’s take
At this point, it seems like the community is convinced. Solana’s time has come. Admittedly, it was the first to run to US$100. And it was probably the slowest move in recent months. So, maybe they’re right.
Want to win $1000?
Leave your comments below about which one you think will reach US$250 first. If you make the right call, you stand a chance to win 1,000 USDT. A winner will be randomly selected from the comments section when one of these tokens hits the target. If you were right, you could be the lucky one!
