Could Solana be the ‘Apple of Crypto’ or will Meme Coins like Caged Beasts and Dogecoin eclipse it?

Cryptocurrency sustains itself by being outlandish and bold so perhaps it’s no surprise to see Solana’s (SOL) co-founder Raj Gokal believing that his brainchild has the potential to be the “Apple of crypto,” but could it instead be eclipsed by a gang of meme coins, whose era we seem to be living in? Dogecoin (DOGE) and even newer meme coins such as Caged Beasts (BEASTS) could revolutionise cryptocurrency even beyond what Solana has done so far.

Can Solana really be Crypto’s very own Apple?

As certain cryptocurrency enterprises forge ahead in achieving widespread acceptance by forming strategic partnerships and securing alliances with renowned brands, there are others that prefer to chart their own course, undeterred by the absence of a prominent label beside them.

Solana, a layer-1 blockchain network introduced in 2020, has emerged as one of the leading platforms attracting developers. According to data from CoinMarketCap, Solana holds the position of the eighth largest cryptocurrency by market capitalisation, excluding stablecoins, boasting a value of approximately $7.6 billion.

Raj Gokal, the co-founder of Solana, expressed his belief that the platform possesses the potential to become the crypto industry’s equivalent of Apple. Drawing parallels with Apple’s approach, he highlighted the tech giant’s unwavering focus on delivering an exceptional user experience and optimal performance. Gokal, who spent nearly a decade working on minimising touchscreen latency to enable the revolutionary iPhone, described the outcome as nothing short of magical.

Gokal further emphasised that similar to Apple’s initial pursuit of flawless interaction, Solana’s core engineering and ecosystem are devoted to cultivating a network that mirrors the seamless experience of the traditional internet while simultaneously functioning as an entirely new financial internet.

It is noteworthy to mention that Solana appears to be positioning itself as a competitor to Apple by venturing into the realm of web3-focused Android smartphones. In April, Solana publicly released its own Android smartphone named Saga, designed to enhance accessibility to crypto products and services. Saga diverges from the conventional method of accessing crypto platforms and applications via computers by providing users with the convenience of accessing them through a mobile device.

What if Dogecoin, not Solana, is Crypto’s Apple?

Naturally, other cryptocurrencies will be scoffing at the idea that Solana could be the Apple of cryptocurrency. One such coin that might have things to say about it is Dogecoin.

Dogecoin is the oldest meme coin having started off as a joke, it is now worth billions of dollars and reflects the pulling power of meme coins. Although it doesn’t necessarily have any sort of asset worth, it is the favoured coin of Twitter owner Elon Musk. His support of it has often triggered price hikes and this holds promise for one potential reason: should Musk, as many speculate, incorporate Dogecoin into Twitter, it would make the DOGE one of the most lucrative and in-demand cryptos in the world.

It would transform it, and the landscape of cryptocurrency, overnight and arguably make it the Apple of cryptocurrency.

Caged Beasts could be on the way to great things

Caged Beasts is a new crypto so any extravagant claims about what it could do or could be should be resisted for now. But there are still plenty of reasons to be excited about it.In the current period dominated by meme coins, investors seeking early entry into a project will discover Caged Beasts as a viable choice. This emerging presale venture introduces a captivating narrative as its foundation. Although the project has not yet unveiled any distinctive characteristics, Caged Beasts has devised a strategy to introduce a creature at each stage of the presale. These creatures will undergo a remarkable transformation, progressing from infancy to adulthood throughout the duration of the presale campaign.

To foster engagement and connection with its expanding community, Caged Beasts plans to actively engage with users through social media competitions, generous giveaways, and an array of exciting initiatives. At present, interested enthusiasts have the opportunity to sign up using their email address to receive updates on the presale’s progression. As of the time of writing this piece, the presale has yet to commence and is scheduled to launch in 14 days. Ensure that you don’t miss this opportunity!

For more about Caged Beasts:
Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

Sponsored

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido