The cryptocurrency market is still experiencing the effects of a bear market that started in mid-November 2021. The entire altcoin market has been quiet for almost a year. However, as July moves forward, the bulls are starting to take the stage again.
The altcoin market has been moving sideways for the past year
There have been periods of stability and even minor price rebounds. But if we look at the bigger picture, the market is still dragging down the value of cryptocurrencies. However, many believe that the market is at or at least near the bottom and that the situation will take a turn in the near future. This belief is strengthened as the total market value reaches $1 trillion again.
Historically, growth has always started in the fall, after a relatively quiet and uneventful summer. This means it’s time to buy now to see the gains as prices start to rise. Of course, this will only be the case if prices start to grow after the end of summer 2022. But assuming things go this way, here are the top 11 altcoins from analyst Ali Riza’s list that will rebound and rise strong first.
Ethereum (ETH)
Ethereum, which is at the top of the analyst’s list, recently completed an important stage for the merger. With Merge, the Ethereum network will switch to the much-anticipated PoS mechanism. As Kriptokoin.com, we have prepared a detailed article about the effect of the merge.
Cardano (ADA)
Ranking second, Cardano is preparing for an expected rise, just like Ethereum. The Cardano network got smart contract capabilities last year with the Alanzo hard fork. Now we are waiting for the Vasil hard fork, which will probably take effect by July. According to the analyst, all Cardano needs is time.
BNB Coin (BNB)
BNB coin is backed by Binance exchange. Being a Blockchain with Binance Smart Chain or BNB Chain as it is now known, specifically intended to host DeFi protocols, NFTs, metaversions and other popular products, this coin also has the potential to grow as soon as the bearish effect recedes. In this respect, according to the analyst, BNB is not much different from ETH or ADA.
Dogecoin (DOGE)
Dogecoin is the first meme coin of the cryptocurrency market. At first, it found a place in the market for the purpose of humor. It is now on the payment method list of Twitter, Tesla and countless companies. Dogecoin is also one of the top 10 cryptocurrencies. In 2021, it recorded a peak of $ 0.7376 with the effect of Elon Musk.
Polkadot (DOT)
Polkadot is relatively less popular than other well-established cryptos. The altcoin project solves Ethereum’s scaling issues. Polkadot’s solution is to launch parachains, which are essentially chains running alongside the main Blockchains. It is one of the projects that will be important in the future, according to the analyst, as it increases the interoperability of networks.
Strongest Ethereum competitors
The analyst’s picks for the further down the list are the current market’s strongest Ethereum competitors. These projects operate on their own networks or Ethereum.
- Left (LEFT)
- Cosmos (ATOM)
- Chainlink (ETH)
Besides altcoin projects, metaverse coins also have an important place.
Analyst Ali Rıza’s list is rounded off by metaverse projects. Axie Infinity and MyNeighborAlice became the metaverse projects of the list.
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