Cryptocurrency investors have been facing irreparable losses lately. Given the bear market, the majority of investors have switched to stablecoins to keep their savings safe. However, the trouble experienced in UST and the price of Terra (Luna) approaching zero increased the losses of the investors. With all these developments, the leading cryptocurrency Bitcoin (BTC) suffered losses along with other major altcoin projects. Investors are now looking for solid altcoin projects where they can recoup their losses and pick up from the bottoms. As Kriptokoin.com, we are reporting 4 altcoin projects to be considered in May and June.
Developments in the ecosystem of the leading altcoin project continue: “Ethereum (ETH)”
Ethereum (ETH) is changing. With EIP 1559, Ethereum has already changed the gas fees structure. This resulted in less gas wars and therefore lower transaction costs. Ethereum has also introduced a token burning mechanism that works seamlessly. We should now see an increase in transaction speed and further decrease in transaction prices. Meanwhile, with the Ethereum 2.0 upgrade, Ethereum is moving from the Proof of Work consensus mechanism to the Proof of Stake consensus mechanism.
On the other hand, it has seen Ethereum TVL (Total Locked value) move to other chains. However, the recent performance of these chains (Solana’s problems and Luna’s crash) has proven not to be that reliable. Ethereum’s developer community remains the strongest and TVL will be back with upcoming innovations.
Terra emerged stronger from the problems: ”Cosmos (ATOM)”
Did you know that Terra is a blockchain built on the Cosmos SDK? What does it mean? Will it damage Cosmos’ reputation? On the contrary, it will prove to be more resilient and increase the reputation of Cosmos… Therefore, Cosmos can create an ecosystem of projects with their own huge ecosystems.
Some great projects like Kava and Secret Network already make Cosmos big takes it to heights. The introduction of the IBC (Inter Blockchain Communication) Protocol has opened up a whole new world of cross-chain transfers without the risk of bridge hacking.
It has the potential to be the blockchain of the future: ”Polkadot (DOT)”
Polkadot is slowly taking all the positive steps. Palkadot, one of the strongest players in the crypto world, has been closely followed by experts for a long time with its strong ecosystem. In the world of the future, the goal of providing solutions not only for transactions with digital assets, but also for many asset types attracts the attention of large investors.
Projects like Moonbeam and Astar are growing on TVL. As such, the ecosystem has a lot of synergies and there are some big projects rooted for Acala’s aUSD to become the main stablecoin. The network is running smoothly with zero interruptions. Together with Cosmos, Polkadot has the potential to be the blockchain of the future.
One of the best metaverse altcoin projects: ”The Sandbox (SAND)”
There are only 2 truly decentralized Metaverse altcoins: Decentraland (MANA) and The Sandbox (SAND). Both of these tokens showed great resilience in the bear market. Seen as the most advanced altcoin projects in terms of development, MANA and SAND have great partnerships and very good leadership teams and communities. If the Metaverse is to come, Sandbox and Decentraland are the most important way forward. We include SAND on our list instead of MANA because it has a lower market value and land prices than MANA.
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