5 Cryptocurrencies Reddit is Buying for the Next Bull Run

4. Solana

Solana is another potential Ethereum rival. The Solana blockchain is faster and cheaper than Ethereum. The Solana network uses a combination of Proof-of-Stake and Proof-of-History mechanism to achieve consensus, a method that the developers of the coin claim improves the overall “efficiency” of the network. The coin is often described by market experts as a “long-term rival” to Ethereum. Redditors have also been piling into the coin based on the capabilities it offers in the DeFi and NFT domains. 

Solana has also become popular on Reddit since former US first lady Melania Trump announced that she would be launching an NFT using the Solana platform. However, following the announcement in December, Solana released a statement clarifying that the choice of platform for the former first lady was not a “Solana-led initiative”.