Solana and Avalanche Rebound in 2023 Despite FTX Fallout, Still Offer Growth Potential
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Solana (SOL) is up over 500% in 2023 despite its ties to the collapsed FTX exchange. It still trades 75% below its all-time high, presenting a potential opportunity.
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Solana is seen as a faster, cheaper alternative to Ethereum, especially after announcing new mobile and payment partnerships.
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Avalanche (AVAX) is up 140% in 2023 and 82% below its all-time high. It offers speed and the ability to create customized blockchains.
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Amazon Web Services partnered with Avalanche in January to offer blockchain services, validating its tech.
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Both cryptos are riskier investments but appear undervalued relative to growth prospects. The potential rewards outweigh the risks.