Cryptocurrency

ETH, AVAX or SOL, which ecosystem token has the highest growth potential? | Invezz

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Ethereum (ETH/USD), Avalanche (AVAX/USD), and Solana (SOL/USD) are all cryptocurrencies that have an ecosystem associated with them.

These ecosystems feature Decentralised Applications (dApps), non-fungible tokens (NFTs), as well as other Decentralised Finance (DeFi) elements.

If you want to engage within a specific ecosystem, you will want to own the native cryptocurrency of the underlying blockchain, and today, we will go over which ecosystem is worth your attention.

Should you buy Ethereum (ETH)?

On October 31, 2022, Ethereum (ETH) had a value of $1,619.60.

eth usd 14
eth, avax or sol, which ecosystem token has the highest growth potential? | invezz 7

ETH/USD Chart by Tradingview.

The all-time high of Ethereum (ETH) was on November 10, 2021, when the cryptocurrency reached a value of $4,878.26. Here we can see that at its ATH, the token was $3.258.66 higher in value, or by 201%.

When we go over the 7-day performance, Ethereum (ETH) had its low point at $1,332.86, while its high point was at $1,645.08. Here, we can see an increase of $312.22 or 23%.

In terms of the 24-hour performance, the low point was at $1,565.46, while the high point was at $1,626.81. This marked another increase of $61.35, or by 4%.

With this in mind, investors might want to buy ETH as it can climb to $1,800 by the end of November 2022.

Should you buy Avalanche (AVAX)?

On October 31, 2022, Avalanche (AVAX) had a value of $19.2.

avax usd 7
eth, avax or sol, which ecosystem token has the highest growth potential? | invezz 8

AVAX//USD Chart by Tradingview.

The Avalanche (AVAX) all-time high was on November 21, 2021, at a value of $144.96. This showcases that at its ATH, the token was $125.76 higher in value, or by 655%.

Avalanche (AVAX), when we look at its 7-day performance, had its low point at $15.66 while its high point was at $18.82. Here we can see an increase of $3.16 or 20%.

When we go over the 24-hour performance, its low point was at $18.01, while its high point was at $19.11. Here we can see an increase of $1.1 or by 6%.

When we take all of this into consideration, buying AVAX is a solid option, as it can climb to $22 by the end of November 2022.

Should you buy Solana (SOL)?

On October 31, 2022, Solana (SOL) had a value of $34.

sol usd 12
eth, avax or sol, which ecosystem token has the highest growth potential? | invezz 9

SOL/USD Chart by Tradingview.

The all-time high of Solana (SOL) was on November 6, 2021, at a value of $259.96. Here we can see that at its ATH, the cryptocurrency was $225.96 higher in value, or by 664%.

When we go over the 7-day performance, Solana (SOL) had its low point at $28.19, while its high point was at $33.81. This marked an increase of $5.62 or 20%.

When we take a look at the 24-hour performance, the low point was at $32.06, while the high point was at $34.10. This marked another increase of $2.04 or 6%.

With all of this in mind, buying SOL is a solid option, as it can climb to $40 by the end of November 2022.

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