Forget Meme Coins: Buy These Two Growth Cryptocurrencies Instead

Last Updated April 11th 2022

6 Min Read

Key Points:

Solana’s value grew by more than 14500% in the first 11 months of 2021, peaking at $260 and making it to the top 10 most valuable crypto assets.
Terra’s price appreciated by more than 16600% in the first 11 months of 2021 to peak at $100, and it too has become one of the top 10 most valuable crypto assets.
Looking at the coin’s short-term price action, they are incredibly volatile. Zoom out, however, and you will realize they have a fast-rising uptrend, which makes them some of the best growth cryptocurrencies to buy today.

Forget Dogecoin and Shiba Inu; here are the two cryptocurrencies you should be buying and using to future-proof your investments.

Meme coins like Dogecoin and Shiba Inu blew up in 2021, with SHIB’s value growing by as much as 5,000,000% at its peak. But apart from the hype generated by its community of supporters and celebrity endorsers like Elon Musk, the two have nothing else going for them.

As they fall off the top 10 crypto list, we believe their hyped developments and celebrity endorsements are all priced-in. Couple this with the constantly changing nature of the crypto industry, and the meme frenzy may soon be replaced by a fascination with Web3, NFTs, and possibly interoperability. At such point, these meme coins will fall into oblivion, possibly joining the growing heap of dead joke currencies.

The same, however, cannot be said of Solana or Terra. The two are expertly designed to help them adapt to the dynamic crypto industry, and their clear whitepapers layout their road map for the next few years. They also have solid fundamentals that are expected to continue their value gain in the foreseeable future.

Stop worrying about the impact that Elon Musk’s next comment or Reddit discussion will have on the value of your meme coin. Rather, invest in growth cryptocurrencies with a high chance of posting consistent value gains over the long run.

But what are these fundamentals? What makes Solana and Terra the best growth cryptocurrency to buy in 2022?

Let us go over the factors that crypto analysts believe have given SOL and LUNA tokens a combined market cap of $79 Billion in the last 12 months. These are expected to continue fueling altcoin’s price action in the foreseeable future.

Solana (SOL)

Why would you want to add Solana to your growth cryptocurrency portfolio?

For starters, because it has positioned itself as the perfect alternative to Ethereum - the dominant smart contract platform. You should consider its versatility and adaptability to changing crypto-verse dynamics.

As soon as the NFT wave caught pace in the market, Solana partnered with different parties to launch an NFT marketplace on the SOL ecosystem. It is also web3-compatible and allows anyone to create and launch web3 programs on the platform. It even facilitates the creation and launch of meme coins on the platforms - such as the all-popular Panda Coin ($PANDA).

This versatility has helped SOL token prices rally up by more than 270000%, from their ICO price of $0.04 in 2018.

In addition to these, Solana also has one of the fastest-growing and most engaging developer communities. It is also faster in transaction processing and way cheaper than its competition. In fact, it has been nicknamed the “Visa of Crypto.” Its transaction processing speeds are particularly so high and fees too low that they won’t be affected by Ethereum’s eventual transition to ETH 2.0.

These factors have endeared Solana to the crypto community and institutions. They all want to build their programs on the platform, increasing its utility and pushing up the demand for SOL tokens. Both of which guarantee an even brighter future for the cryptocurrency.

All these are expected to catapult SOL token prices to newer heights over the next few years. If the crypto market recovers, for instance, the majority of analysts are confident that SOL may resume its 2021 rally and break above its current ATH of $260.

The optimism around Solana’s future among analysts and long-term investors is resounding. But these parties aren’t oblivious to the challenges rocking the platform - key among them being network congestion. The blockchain’s development team has, however, stepped in with speed to fix these drawbacks and promises ecosystem updates that fix the challenges once and for all in the near future.

Solana token prices may have skyrocketed in 2021, but it still is far from being priced in. By onboarding web3, NFT, DeFi, and Meme Coins, its value is expected to continue accumulating value for the next few years - making it the perfect growth cryptocurrency.

Don't Miss: Solana (SOL) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Terra (LUNA)

Terra has also come off as one of the fastest-growing crypto assets. For the last six months, it has proven impervious to volatility as it has recovered from dips faster than its peers. Even when the rest of the market was contracting in early 2022, Terra embarked on a bull run and even set an all-time high.

But why is Terra worth adding to your basket of growth cryptocurrencies?

For starters, it is on its way to becoming the dominant stable coin protocol for the crypto-verse. It has one up over the rest of stable coin service providers like Tether because it is looking to transition from having UST stable coins backed by fiat and having them backed by Bitcoins. To achieve this, Terra is on a mission to acquire $1 Billion worth of Bitcoins and Avalanche (AVAX) tokens.

The move insulates it from macro-economic changes affecting the USD and changes in monetary policies involving the USD.

Terra is also versatile and able to adapt to the highly dynamic crypto market. For instance, in addition to positioning itself as the most reliable stable coin protocol, the smart contract platform is also venturing into the fast-growing DeFi, NFT, and Web 3.0 niches. These are expected to be the next big thing in the crypto-verse. By tapping into all these markets, Terra reinvents its future.

Terra’s adoption is also on the rise, especially at the institutional level. It, for instance, partnered with Chai - a mobile app facilitating online payments in South Korea - which currently processes its transactions on the Terra blockchain. It also launched the Terra Alliance, a group of businesses with a user base of 45 Million people. More partnerships and in-network developments are coming to Terra, and this makes today the best time to start buying LUNA.

Read Also: Terra (LUNA) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where Can You Buy Solana And Terra?

Are you looking for the best exchanges to buy these growth cryptocurrencies? We recommend using these three top exchanges that the crypto community has certified as beginner-friendly, liquid, and affordable.

eToro - Best for beginner friendliness. You can buy Solana and Terra tokens here or trade their CFDs.
Coinbase - Best for instant buying and highly liquid. It has one of the most intuitive user interfaces and lets you buy any amount of SOL or LUNA instantly.
Binance - Best for liquidity and affordable transaction fees. Binance is the most liquid crypto exchange. It also maintains some of the most competitive trading fees, especially for active traders.

The three exchanges have a quick and straightforward registration process and accept low deposit and trading minimums. Simply create an account with either, deposit funds therein, and start buying Solana and Terra altcoins.