New coins on UTEX-Margin. Part 1

UTEX-Margin, a margin trading service, now offers seven new coins that can be traded with 30x leverage and short sold: Solana (SOL), Dogecoin (DOGE), Avalanche (AVAX), Cardano (ADA), Binance Coin (BNB), Polkadot (DOT) and Terra (LUNA). All of them are the heroes of 2021 that created buzz on news. This article introduces four new coins of decentralized application platforms.

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Solana (SOL)

This cryptocurrency is Ethereum's main competitor for the title "world computer" for decentralized applications. It is considered the fastest among popular blockchains. SOL is the fifth most capitalized cryptocurrency. Over the past year, it has grown an incredible 11,200% in value, up from $1.5 per coin on January 1, 2021, to more than $170 on 01/01/2022. Solana ecosystem includes large decentralized exchanges and DeFi derivatives trading platforms, NFT marketplaces and other services.

Avalanche (AVAX)

Another Ethereum competitor. The project was founded by computer scientists and cryptographers from Cornell University in the United States. Avalanche launched on the mainnet in 2020. Its architecture features a multi-layer blockchain composed of three layers. Today there are dozens of applications running on Avalanche, including DeFi and NFT. Its native coin, AVAX, is at the bottom of the top 10 cryptocurrencies in terms of capitalization. Its price growth in 2021 – over 3,300%.

Cardano (ADA)

A blockchain-based cryptocurrency for the "real economy.” The project was launched in 2017 by Ethereum co-founder Charles Hoskinson and for a long time was in the shadow of the crypto market. However, in 2021, despite some skepticism in the cryptocurrency community, Cardano gained recognition. After another update, this network activated the long-awaited support for smart contracts. This news led ADA’s price to surge to a new high of over 100% in just one day. Throughout 2021, ADA’s value has gone up by more than 620%.

Polkadot (DOT)

A blockchain with a unique architecture. Polkadot is a next-generation network that consists of heterogeneous blockchains called parachains, responsible for operation of separate applications, which are interconnected by the main blockchain that preserves the integrity of the entire network. This architecture makes Polkadot a highly flexible and scalable network. The project has a strong and close-knit community of developers and users. In 2021, DOT’s price has gone up by 180%.

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