Crypto-verse is becoming an exciting sector as many investors made millions of dollars by getting in early and selling the asset when the price reached a high. Or perhaps you are seeking constant income by mining crypto. Solana has become an attractive crypto asset for its positive features.
However, many come to make money from this sector, but not all of them end up doing that. Many people either lose money or give up participating as they may not have a particular level of understanding about crypto.
This article will describe how to make money with crypto alongside introducing the best five Solana crypto coins.
Can you make real money with Solana coins?
Yes, there are several ways to be an owner of Solana coins. While the coins are in your crypto wallet, you can exchange them with fiat currencies through many big exchanges operating worldwide.
How to earn with Solana?
You can earn money from any crypto platform in three ways:
- By investing in Solana or frequent trading using many platforms.
- By staking and lending crypto coins to other users or systems and earning money.
- By mining coins or receiving rewards by completing tasks in the system.
However, you cannot mine Solana coins; it only allows you to make money by staking. Trading and investing are available like any other crypto coin.
How to start with Solana?
You can start with a crypto wallet, as Ledger, Binance, Trezor, or others, to send or receive Solana tokens. Otherwise, you can open an account with any powerful crypto exchange platform and start trading or staking to make money.
Top five best Solana coins
The top five best tokens in the Solana ecosystem are:
- Tether (USDT)
- Terra (LUNA)
- Solana (SOL)
- Chainlink (LINK)
- Arweave (AR)
We will discuss the potentiality for each of these in the following section.
The chart above shows the 1Y price movement of the Tether (USDT) coin, whose price is floating near $1.0008 today.
Fully Diluted Market cap is $80,094,339,853 and the live market cap of USDT is $78,277,439,714 with a 24-H trading volume of $87,156,367,412. Meanwhile the circulating supply is 78,260,066,178 USDT.
The launching year of USDT is 2014. The unique feature of USDT is the pegged relation with the US dollar.
USDT price forecast 2022
Usually, the price of USDT should remain at $1, but the increasing volume suggests that the price of USDT can reach near $1.08 by the end of 2022.
USDT price forecast 2025
Many price prediction platforms suggest the price of USDT may remain around $1.01, while another platform, Gov. capital, predicts that the price can reach near $3.74 by the end of 2025.
The price of LUNA is floating near $65.79 today.
Fully Diluted Market cap is $53,180,168,058 and the live market cap of LUNA is $26,206,118,844 with a 24-H trading volume of $4,335,534,866. Meanwhile the circulating supply is 402,017,777.01 LUNA.
The foundation year of LUNA is 2018, and the founders are Do Kwon and Daniel Shin. The launching year of LUNA on the main net is April 2019.
LUNA price forecast 2022
Based on the LUNA price action, it can reach near $140 by the end of 2022. Meanwhile, some analysts predict that the price can reach near $177 and $134 by the end of the next 12-months.
LUNA price forecast 2025
As per our findings and research, the price can reach near $200 by the end of the third quarter of 2025.
The price of SOL is floating near $91.15 today while writing.
Fully Diluted Market cap is $46,502,958,140 and the live market cap of SOL is $28,681,357,045 with a 24-H trading volume of $4,166,093,171. Meanwhile the circulating supply is 314,690,175.78 SOL.
Solana is the fastest blockchain that can process 50,000 transactions per second. The initial development year is 2017, while the launching year of Solana is 2020. SOL is among the massive gainer coins.
SOL price forecast 2022
SOL price can reach near the top $260 by the end of 2022. For average price prediction, it can end near $147 by the end of this year. Meanwhile, it can get to a downside near $68.53.
SOL price forecast 2025
According to some prominent analysts, the SOL price can reach near $459 by the end of 2025.
At the time of writing, the LINK price is floating near $15.24.
Fully Diluted Market cap is $15,262,944,062 and the live market cap of LINK is $7,127,940,631 with a 24-H trading volume of $1,654,025,827. Meanwhile the circulating supply is 467,009,549.52 LINK.
The foundation year of this large open-source community platform of data providers is 2017. It allows universal users to connect through smart contacts.
LINK price forecast 2022
The price of LINK is floating near a support level after a smooth decline during the whole month of Jan 2022. As per the previous price behavior, the price can reach near $32 by the end of this year.
LINK price forecast 2025
The price of LINK can reach near $54.20. Meanwhile, some predict that the price of LINK can reach near $73.52 in the next 5-year.
The price of AR is floating near $33.44 today while writing.
Fully Diluted Market cap is $2,211,791,083 and the live market cap of AR is $1,118,100,299 with a 24-H trading volume of $95,268,145. Meanwhile the circulating supply is 33,394,701.00 AR.
The official launching period of AR is June 2018. The founders of Arweave are William Jones and Sam Williams.
AR price forecast 2022
According to some predictions, the price of AR can reach near $54.94 on the upside, and on the downside, it can end up near $45.38. Meanwhile, the Walletinvestor platform suggests that the price of AR can reach near $83.25 by the end of 2022.
AR price forecast 2025
The price of AR can reach near $168.60 by the end of 2025 on the upside. Meanwhile, on the downside, it predicts the price can go near $140.62.
Pros & cons
|This platform involves low transaction fees.||Many implementations still wait to launch.|
|Solana is a faster platform that can process 50,000 TPS.||A satisfactory setup of Solana is approx about $5000.|
|Solana provides a high level of scalability, and the PoH and PoS features make this platform unique.||You cannot mine SOL coins.|
Finally, Solana has become a desirable platform in a few months. Although the crypto industry is a small portion of the financial market, assets are volatile. So it requires following proper money and trade management alongside sufficient research while deciding to make money with any crypto asset.