With the fourth-biggest market cap, Solana (SOL) has become a crypto powerhouse in less than two years of its launch. Its blockchain technology surpasses the Ethereum blockchain in many areas and is fast becoming the mainstay of the cryptocurrency market. SOL buyers are bullish on its performance despite a crypto winter and expect it to rise at least 400% by the end of 2022.
The Solana ecosystem is more decentralized, more secure and more scalable than Ethereum. This allows SOL users to have faster payment and smart contract execution. Its open-source architecture helps them build dApps while staying censorship-resistant. Solana borrows good features from both PoS and PoH to boost network usability. The network remains very popular with developers as it is vastly cheaper. Its easy-to-use Rust software has helped in the introduction of a wide variety of applications in the coin market.
However, Solana (SOL) is increasingly facing challenges from a resurgent Polygon (MATIC) and Mehracki (MKI), a new kid on the block. Market influencers believe MKI and MATIC may outshine SOL in the long run and eat into its share in the cryptocurrency market.
Polygon (MATIC): Renewed and Resurgent
Polygon has recently adopted several changes in its ecosystem making it a crypto token worth the buyers’ attention. An Ethereum blockchain project, MATIC widens user access to Web 3.0 products. This staking crypto coin enables developers to build cost-effective and secure dApps. Polygon has various scalability protocols, such as PoS, Hermez, and Avail, which have powered about 20,000 decentralized applications.
Despite the crypto winter pushing down its value, MATIC remains powerful enough to generate big returns in the future. Instagram, Adidas and Prada have selected Polygon to trade their NFTs. Polygon Village is the first full-stack, no-qualification and interoperable ecosystem for developers in the cryptocurrency market. It recently doled out bounties worth $25,000 at the GraphHack 2022 cementing its position as one of the best rewarding crypto projects.
Mehracki (MKI): The High-Utility Token on SOL Blockchain
Mehracki (MKI) has the potential to surpass SOL in many areas. Originally designed as a meme token, the new cryptocurrency is fast becoming one of the most highlighted coins. MKI is based on the Solana blockchain but it is faster, cost-effective, and more scalable. It supports a variety of software languages to allow developers more flexibility.
The Mehracki coin has the twin objective of encouraging “feel-good” activities and comfort while creating wealth for buyers. MKI sponsors blockchain-based tourism and adventurous activities. This new cryptocurrency focuses on realistic utility within an enticing framework. MKI holders can participate in events, win rewards, trade-in NFTs and take advantage of DeFi exchanges.
The branding and partnership qualities of Mehracki are a win-win situation for business owners and users. It focuses on partnering with the travel and tourism sector, which is growing in the post-COVID world and contributes a whopping 10-12% of the global GDP. MKI allows low-cost, speedy and borderless transactions. This helps travel businesses avoid the inept banking system, heavy taxation regimes, costly intermediaries, and loss of business due to the inability to process foreign exchange.
Complete with real-life applications, the high-utility MKI coin has all features to become a mature cryptocurrency. The Mehracki presale can offer a great opportunity to buyers who have previously missed the initial Solana offering.
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