Better Crypto to Buy and Hold: Solana vs. BNB
Solana (SOL 2.90%) and Binance Coin (BNB 1.52%) are both volatile cryptocurrencies, but they generated big gains for their patient investors. Over the past five years, Solana’s price has surged more than 8,600% as BNB’s price soared over 3,600%. During that same period, Bitcoin‘s (BTC 0.99%) price only rose by about 860%. Let’s see why these two smaller tokens outperformed the world’s top cryptocurrency — and which one is a better buy right now.
The differences between Solana and BNB
Unlike Bitcoin, which is still mined using the energy-intensive proof-of-work (PoW) mechanism, Solana and BNB were built on more energy-efficient proof-of-stake (PoS) blockchains. PoS tokens can’t be mined, but they can be…
