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Ethereum (ETH), Cardano (ADA), and Solana (SOL) are all projects that enable smart contracts.
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Each of them has potential for growth in the upcoming months.
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Each blockchain network and ecosystem provides many benefits to dApp developers.
Ethereum (ETH), Cardano (ADA), and Solana (SOL) are all tokens that enable smart contract functionality.
This enables decentralized application (dApp) developers to truly build scalable dApps and has contributed to the growth of the dApp ecosystem of each blockchain network.
These are the top 3 tokens you can buy on January 24, 2022.
Should you buy Ethereum (ETH)?
On January 24, 2022, Ethereum (ETH) had a value of $2,190.81.
In order for us to see what this value point means for the ETH token, we will go over its all-time high value as well as its performance throughout the previous month.
When we look at the all-time high value of Ethereum (ETH), it was on November 10, 2021, when the token reached a value of $4,878.26. This means that the token was $2,687.45 higher in value or by 122%.
On December 1, ETH had its highest point of value at $4,765.73.
Its lowest value point of the month was on December 30, when it decreased in value to $3,628.53. Here, we can see that the token decreased in value by $1,137.2 or by 24%.
With this in mind, ETH is a solid buy as it has the potential to reach $2,250 by the end of January 2022.
Should you buy Cardano (ADA)?
On January 24, 2022, Cardano (ADA) had a value of $0.9599.
To get an estimation as to exactly what this value point means for the ADA token, we will go over its performance in December as well as its all-time high value.
When we look at the all-time high value of Cardano (ADA), it was on September 2, 2021, when the token reached a value of $3.09. The token was $2.1301 higher in value at its all-time high or by 222%.
When we go over the performance of the token in December, on December 2, it had its highest point of value at $1.75, while its lowest point was on December 17 with a value of $1.2. This is a decrease of $0.55 or by 31%.
With this in mind, at under $1 or at $0.9599, ADA is a worthwhile token to buy as it has the potential to reach $1.5 by the end of February 2022, assuming It breaks its $1 price barrier.
Should you buy Solana (SOL)?
On January 24, 2022, Solana (SOL) had a value of $83.16.
In order for us to see what this value point means for the SOL token, we will compare it to its ATH point of value and its performance last month.
When we look at the all-time high value of Solana (SOL), it was on November 6, 2021, when the token reached a value of $259.96. Here, we can see that at its ATH, the token was $176.8 higher in value or by 212%.
When we go over the value of the token in December, on December 2, the token had its highest value at $242.28, while its lowest point was on December 14 with a value of $151.62. This means that the token decreased in value by $90.66 or by 37%.
With this in mind, at $83.16, the token is a worthwhile purchase as SOL has the potential to reach $95 by the end of February 2022.
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Tagged: Analysis, crypto blog, Crypto news