Success in the crypto market is no small feat. Many cryptocurrencies have tried their hand at becoming crypto giants, with thousands crashing within the first few days of existence. Two keys to success in the crypto market are solving problems that the blockchain industry faces and providing a token that has utility.
Solana (SOL) and Ethereum (ETH) both solve the scalability problem in the blockchain trilemma, hosting blockchains that access speeds capable of scaling infinitely. So, where does Dogeliens (DOGET) fit into this group? Dogeliens has created a meme token that exudes utility. The platform allows you to earn while playing a P2E game and educates its community on blockchain technology.
Dogeliens has attracted a lot of attention since the start of its presale, mainly for its P2E game that takes inspiration from Pokemon. To access the game, you need to purchase a Dogelien from the internal NFT marketplace, which becomes your pet in the world of Puptopia.
Battling with friends against other Dogeliens players increases the rarity of your Dogelien, allowing you to receive DOGET tokens from winning battles. Additionally, users can take their Dogelien for walks and craft the fruit and flowers they harvest into cool accessories for their Dogelien or sell them on the NFT marketplace for a handsome profit.
While you’re having fun on Puptopia, the Dogeliens platform will take crucial steps in ensuring each child has the right to an education by working closely with charitable organisations. A portion from each transaction will filter through to the charity wallet, with Dogeliens allowing its community to decide which charities receive the funds.
Solana has always been considered a safe long-term purchase simply for its solution to the scalability problem in the blockchain trilemma. Solana performs at such a high level, processing 50,000 transactions at its peak performance while maintaining a low cost on each transaction.
Solana achieves this by combining two consensuses. Solana utilises a Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus to reach unfathomable levels of speed while remaining environmentally friendly.
Since cryptocurrencies perform significantly better through the Autumn period, also known as Uptober, Solana could experience a price rally in Q4. Solana has increased by 1.30% in the past twenty-four hours at the time of writing. Could Uptober be on the way for the crypto giant?
Ethereum was host to the most anticipated news in crypto history last month. The launch of Ethereum 2.0 captivated the crypto community, with each having their own opinion on what it would do to the crypto giant. Some thought it would help it outperform Bitcoin (BTC), while others thought it could be the end of Ethereum.
Not much has changed since Ethereum 2.0 launched apart from the speeds Ethereum is capable of and its environmental impact. Ethereum has reduced its carbon footprint by 99.95% by simply switching to the modern PoS consensus algorithm. Additionally, Ethereum can process 100,000 transactions per second, improving its scalability exponentially.
So, has Ethereum 2.0 flopped? The price of Ethereum has not changed much since the update, leading some to believe that it has failed. However, Ethereum is following the trend set by the rest of the crypto market, as altcoins often do. If it continues to follow the trend set by the crypto market in Q4, Ethereum could experience a price rally like Solana as Uptober takes effect.
Ethereum and Solana have provided handsome returns for their users in the past, cementing their place in the crypto market as two solid platforms that can scale effectively. Considering these two platforms for your portfolio in Q4 could prove beneficial in the long run.
Additionally, Dogeliens has garnered significant attention since its presale began as it looks to revive the P2E market while bringing utility to meme tokens. Purchasing DOGET at a low price during the presale could be wise, as the token could explode after launch.
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