5 Cryptocurrencies Redditors Are Buying for Early Retirement

4. Solana

Solana came into being in 2020, just two years ago, and has moved up the charts to rank among the top 10 cryptocurrencies by market cap. As of March 21, 2022, Solana has a market cap of $28.82 billion. Solona’s blockchain network uses a time-dependent proof-of-stake consensus mechanism. What this mechanism essentially does is that it requires validators to add timestamps to their blocks, which results in faster validation times. The network can validate over 65,000 transactions per second, boasts a block time of 400 milliseconds, and has a transaction finality of 13 seconds. It is one of the fastest blockchain networks to date, which is making it gain popularity in the crypto space.

Redditors are bullish on Solana and expect the currency to soar the way it did in November 2021. The network’s native currency attained an all-time high of $260.06 on November 6, 2021, and is currently trading at below $100. Regardless, Redditors are buying the dip and seeing potential in the market for Solana to be bullish in the future.