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Better Buy: Solana or Avalanche?

TheMotleyFool

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Better Buy: Solana or Avalanche?: https://g.foolcdn.com/editorial/images/726729/tracking-investments-wealth-family-planning.jpg

The top two Ethereum (CRYPTO: ETH) challengers -- Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) -- have made surprising comebacks thus far in 2023. After both lost more than 90% of their value during the 2022 crypto market meltdown, both have turned in remarkable performances this year. Solana is up almost 110%, while Avalanche is up about 62%.

So which blockchain network is the better buy right now? While Solana has outperformed Avalanche in 2023, there are a number of factors that make this comparison closer than you might think. As can be seen below, the two cryptos actually have very similar charts for the first quarter of the year.

Data by Trading View

Source Fool.com

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