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The Battle of Giants! XRP vs SOL vs DOT

24 Feb, 2022 Alexandru Carbunariu
XRP vs SOL vs DOT

We’ll be discussing three projects that may be a good investment this year.

According to our analysts, the market capitalisation of these projects will change this year, and we might see some surprises in the near future. We’ll offer a fully transparent review and analysis to help you choose the right investment.

XRP (Ripple)

XRP was created by Ripple to be a speedy, cost-effective and more scalable alternative to other digital assets and existing monetary payment platforms like SWIFT. It plans to take over banking transfer options, making transfers faster, cheaper, more secure and more transparent.

Pros

Cons

Transfer costs/fees (up to 220 times lower than banks)

Low numbers of trusted blockchain validators 

Fast, secure and transparent

Extreme volatility 

B2C and B2B use

Legal battle with the SEC

Chart Analysis 

XRP/Tether chart

We can clearly view a higher 2nd bottom made in January. Based on XRP’s history, this is a good sign.

The triangle chart pattern can be seen as very predictable since it ‘waits’ for the resolution of the lawsuit that will be presented anytime now. Strong rejection of RSI at 30 indicates that a bullish run may begin.

Potential profit based on the last 12 months:

Current price: $0.60-$0.70

All-time high: $1.96 (possible 3.5x)

Potential profit on the StormGain platform (without leverage): $3500 return (3.5x) with a $1000 investment.

Potential profit on the StormGain platform:

(1:30 leverage): $105,000 return (75x) with a $1000 investment. 

(1:10 leverage): $35,000 return (25x) with a $1000 Investment. 

(1:5 leverage): $17,500 return (12.5x) with a $1000 investment. 

 

Trade XRP on StormGain

 

Solana (SOL) 

Solana is a highly-functional, open-source project that provides an ecosystem for decentralised finance (Defi) solutions. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the blockchain’s underlying proof-of-stake (PoS) consensus. Currently, it’s a serious contender for the best NFT blockchain.

Pros

Cons

Fast transactions and low fees

Low number of Solana projects

Top blockchain for NFTs

Unstable mainnet 

Smart contract deployment

Not fully developed

Chart Analysis

Solana/Tether chart

The chart looks too good to be true.

We have a ‘double hit’ on the strongest support line, which actually represents the most crucial resistance level in Solana’s price history. From that particular point, Solana has entered the top 5 projects by market capitalisation.

The Awesome Indicator looks poised to reverse.

Potential profit based on the last 12 months:

Current price: $78-$85

All-time high: $260, possible 3x.

Potential profit on the StormGain platform:

(1:30 leverage): $90,000 return (90x) with a $1000 investment. 

(1:10 leverage): $30,000 return (30x) with a $1000 Investment. 

(1:5 leverage): $15,000 return (15x) with a $1000 investment.

 

Trade SOL on StormGain

 

Polkadot (DOT)

Polkadot is known as the ‘bridge’ that connects blockchains. It’s an open-source, sharded multichain protocol that connects and secures a network of specialised blockchains. It facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralised internet of blockchains, also known as Web3. It offers several uses as well as products built based on DOT’s infrastructure.

Pros

Cons

Cross-chain function

Insecurity of distribution of DOT supplies

Web3 foundation and project team

Vulnerabilities on mainnet 

Future usage by other blockchains

Direct competition with Tezos, Cosmos, Cardano and Ethereum

Chart Analysis

Polkadot/Tether chart

The chart doesn’t lie. DOT is currently on its third higher bottom, which has created a perfect trend line. Also, the previous tops indicate another third wave that would pass the resistance level at 30. The RSI is at 30, so there is a possibility that a rejection will happen soon.

Potential profit based on the last 12 months:

Current price: $14.50-$15.50

All-time high: $54 (possible 3x)

Potential profit on the StormGain platform: 

(1:30 leverage): $90,000 return (90x) with a $1000 investment.

(1:10 leverage): $30,000 return (30x) with a $1000 Investment.

(1:5 leverage): $15,000 return (15x) with a $1000 investment.

 

Trade DOT on StormGain

 

Don’t miss out! Take advantage of this opportunity to trade on the crypto market.

 

Trade XRP, SOL and DOT

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