Solana vs Polygon, Which is more Profitable?

[Suba]

During 2022 Solana and Polygon have gained great popularity and attention from investors as DeFi cryptos, and are considered to have performed well. The Solana blockchain is capable of fast transactions with low fees and is also needed as dApps and currently Solana is in 10th place on Coinmarketcap. For comparison, the price of Solana on April 30, 2022 was $85, and now April 30, 2023 the price of SOL is $23, so over the year it's down $62 or 0.73% Polygon as a Matic Network at layer-2 that runs on the Ethereum blockchain, also offers fast transactions with low gas fees. Currently Polygon occupies the 9th position on Coinmarketcap. The current price of Polygon is $0.99 while the price of Polygon as of April 30, 2022 is $1.036 so over the year the price of Polygon has fallen by $0.37 or 0.36%.

 

[Smalto]

During 2022 Solana and Polygon have gained great popularity and attention from investors as DeFi cryptos, and are considered to have performed well. The Solana blockchain is capable of fast transactions with low fees and is also needed as dApps and currently Solana is in 10th place on Coinmarketcap. For comparison, the price of Solana on April 30, 2022 was $85, and now April 30, 2023 the price of SOL is $23, so over the year it's down $62 or 0.73% Polygon as a Matic Network at layer-2 that runs on the Ethereum blockchain, also offers fast transactions with low gas fees. Currently Polygon occupies the 9th position on Coinmarketcap. The current price of Polygon is $0.99 while the price of Polygon as of April 30, 2022 is $1.036 so over the year the price of Polygon has fallen by $0.37 or 0.36%.

Thanks for the breakdown analysis of both solana and magic, and to think of it I wanted to add matric to my portfolio, but I don't know how it skipped my mind that I couldn't do it again, I'm glad I didn't do, maybe by now I would be at a loss.

 

[Suba]

Thanks for the breakdown analysis of both solana and magic, and to think of it I wanted to add matric to my portfolio, but I don't know how it skipped my mind that I couldn't do it again, I'm glad I didn't do, maybe by now I would be at a loss.

My analysis on the comparison of Solana with Polygon (Matic) is not a recommendation for investing, but only as information and knowledge, so that we can choose crypto as an investment portfolio.

 

[Yohanna]

I cannot really pinpoint the one that is better between polygon and solana.

 

[Blessed19]

They are both kind of working hand in had as a network and a token also as when there is rise in the price value of Sol then you get to see almost the same thing in polygon though of recent Sol is gaining more rise in the bull run than polygon which makes it more preferable to polygon.

 

[Golden9]

Both coins have different things that makes their prices go down or come up. For example, Solana was badly affected by the FTX crash but not Matic. Now, Matic is rebranding to Pol and would likely rally

 

[timewo]

Compared to prices in april this year, the price of solana has increased slightly while the price of matic has declined by around 20% to approximately $0.79. So matic is more affordable for those with limited funds.

 

[Niyi Briggs]

I believe so much in Matic that it would be a profitable currency in the long run given it's past performance in the market. For me, I would take polygon over Solana.

 

[Bisolami]

During 2022 Solana and Polygon have gained great popularity and attention from investors as DeFi cryptos, and are considered to have performed well. The Solana blockchain is capable of fast transactions with low fees and is also needed as dApps and currently Solana is in 10th place on Coinmarketcap. For comparison, the price of Solana on April 30, 2022 was $85, and now April 30, 2023 the price of SOL is $23, so over the year it's down $62 or 0.73% Polygon as a Matic Network at layer-2 that runs on the Ethereum blockchain, also offers fast transactions with low gas fees. Currently Polygon occupies the 9th position on Coinmarketcap. The current price of Polygon is $0.99 while the price of Polygon as of April 30, 2022 is $1.036 so over the year the price of Polygon has fallen by $0.37 or 0.36%.

I do not really know but I feel polygon is better because it has been doing a bit good for days now. Well, Solana is good too but not very good like Polygon

 

[Suba]

Solana promises fast transactions but low fees, based on marketcap Solana ranks 8th on Coinmarketcap, but Solana often encounters problems with network decentralization so that the network often stops.Polygon is the result of layer 2 scaling on the Ethereum blockchain. Also promises fast transactions at low fees. Currently Polygon ranks 10th on Coinmarketcap. Even though Polygon is a new crypto, in the long term it looks like it will be more profitable than Solana.

 

[Smalto]

I think with every clear indications, solana is a very promising coin, with huge benefits embedded in it, going by the current statistics of it performance and rankings in major platforms like counmarket cap and coin gecko.

 

[Bisolami]

I think with every clear indications, solana is a very promising coin, with huge benefits embedded in it, going by the current statistics of it performance and rankings in major platforms like counmarket cap and coin gecko.

Solana is very promising and I feel like polygon is very promising to and the major difference which I know is that solana always have fast transactions even than Polygon

 

[Smalto]

Infact, the both cryptocurrencies are very profitable and equally promising, what could differentiate them now could be the time frame where each one of them can break out fast more than the other one.

 

[Bisolami]

Infact, the both cryptocurrencies are very profitable and equally promising, what could differentiate them now could be the time frame where each one of them can break out fast more than the other one.

The both of them are promising and I think they are still in their early stages so anyone who wants to invest can still do so before the price pumps so high. I am now investing in Solana

 

[eldavis]

From the little knowledge i have back then both where actually looking promising but i think solana was more promising cause of how popular it was back then here in my region.