Should I buy Solana (SOL) or Avalanche (AVAX) in the near future?

Technical analysis report updated on 28/11/2022

Introduction to the history of two cryptocurrencies

Solana's development history

Solana coin (SOL) was recorded by Coin Market Cap system on April 10, 04.

Currently on the market Solana coins can be exchanged for 407 other digital currencies.

Solana is currently ranked 14th on the cryptocurrency rankings by market cap

Avalanche development history

Avalanche coin (AVAX) was recorded by Coin Market Cap system on July 13, 07. Compared to Solana, this coin was born later

Currently on the market Avalanche coin can be exchanged for 346 other digital currencies (This number is only 0.85 % compared to Solana coin)

Avalanche is currently ranked 19th on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of growth over time between Solana and Avalanche

Growth rate Left (LEFT) Avalanches (AVAX) Separation (SOL - AVAX)
Within 24 hours 0.19% 1.25% -1.06%
Within 7 days 11.18% 3.54% 7.63%
Within 30 days -55.11% -27.01% -28.11%
Within 60 days -56.74% -23.84% -32.90%
Within 90 days -55.05% -31.56% -23.49%

Analysis by growth

During the recent 3 months period Solana coin has dropped in value by -55.05%. As for the Avalanche coin, it has also decreased in value in the last 3 months

Compare total supply value and market capitalization

Left (LEFT) Avalanches (AVAX)
Maximum total supply 0 720,000,000
Circulating supply 363,033,188 300,702,725
Total supply 534,628,439 404,229,626

* Note
Total circulating supply: Number of coins circulating in the market and in the hands of the public. It is similar to how stocks move in the stock market.
Maximum total supply: The maximum number of coins that will exist in the lifetime of the cryptocurrency. It is similar to fully diluted shares in the stock market.
Total supply: Number of coins created, minus any burned coins. It is similar to shares outstanding on the stock market.

Summary of reasons to buy Solana or Avalanche

Reasons to buy Solana

Reasons not to buy Solana

Reasons to buy Avalanche

Reasons not to buy Avalanche

General note for investors

These are specifications based analysis only

The technical specifications will be suitable for short-term investors, and profit from the investments With large and long-term investments you also need to do fundamental analysis i.e. read and understand more about the technicians, teams, investors behind that particular digital currency.

We do not make investment decisions for you

Automatic parameter analysis articles will help you have a multi-dimensional and easier to understand view than just looking at those with zero numbers.

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