The altcoin market is home to numerous projects that can handle cross-border transactions without commission. Some of these are not popular enough yet. In this article, let’s examine the high potential altcoins in the bear market from the list of analysts.
Should you invest in XRP or not?
While the SEC-Ripple lawsuit is still pending, there are high expectations that the payments company will emerge victorious. Naturally, this is a factor that could move the XRP market forward. The SEC claims that the XRP token is a security. But he hasn’t been able to prove it since late 2020. Therefore, the industry is betting on the victory of the payment protocol.
However, whether XRP is still a good investment depends on the investor profile. For example, one of Ripple’s strong goals is to help the banking system. However, the idea of a decentralized economy aims to completely destroy this industry.
Meanwhile, it is worth noting that Ripple has not taken forward many of its partnerships with banks after the SEC lawsuit. Still, a win in the case will be the market’s biggest trump card. Analyst Sabrina Martins Vieira says that in such a case, Ripple’s fundamentals will draw institutional investors back to the company. This will be the biggest news for XRP investors lately.
Why is Polkadot (DOT) an altcoin project that no one cares about?
Although it is rarely mentioned, the first thing that stands out about Polkadot is that it was developed by Gavin Wood, one of the founders of Ethereum (ETH). Wood played an important role in the early developments of the main altcoin in the market. He used this effect to create an altcoin, which theoretically is a major evolution of the decentralized world. Second, Polkadot introduced the concept of Blockchain interoperability, i.e. the interaction between different cryptocurrency networks. In addition, it can offer Blockchains according to the needs of each project.
However, Polkadot failed to build a solid community like its rivals Solana (SOL) and Cardano (ADA). This means that the project lacks a marketing. Without a connected community, the altcoin loses its visibility even if there is development. Polkadot is the most obvious example of the lack of community at this time.
However, some Polkadot use cases, such as interoperability, are not yet fully operational. This raises suspicions among investors that it has not kept its promises. Also, competition for altcoins is huge in networks for both interoperability and decentralized applications. While the security of their parachain is a positive point for those who want to start a serious project focused on investor protection, this method keeps honest developers away who can’t go through the rigorous selection process.
How about Dogecoin, Vechain, Stellar?
Dogecoin currently ranks eighth by market cap. For the historic $1 target, it needs to go up 10x with a circulating supply of 132,670,764,300 and no max supply. On this road, there will be news from his biggest supporter, Elon Musk and his companies. Analyst Stephen Dalton thinks that a possible Twitter integration in the coming periods will be explosive. Meanwhile, Musk hinted that he could launch a new smartphone if needed. This means additional uses for Dogecoin.
If Apple & Google boot Twitter from their app stores, @elonmusk should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a silly little smartphone should be easy, right?
— Liz Wheeler (@Liz_Wheeler) November 25, 2022
VeChain (VET) may be worth watching as it is on most analysts’ lists. Youtube’s Cheeky Crypto predicts that with a 100x price increase, the price of VET will reach $0.2.
Stellar (XLM) provides a protocol aimed at connecting global financial systems. With XLM, you can send money securely to virtually zero commission-free money anywhere in the world. XLM is an altcoin that will be in demand in the coming years, as it is seen as the technology of the future in individual payments.
Pay attention to these two names alongside other altcoin projects
Chiliz (CHZ), which carries out studies especially for the sports world, was planning to rally with the FIFA World Cup. But this has so far been overshadowed by the crypto winter.
https://twitter.com/10KWorldCup/status/1594266854402691073
CHZ is based in Malta and is a leading FinTech provider of digital currencies for entertainment and sports. It operates the entertainment and sports business platform Socios. It provides various fan token uses for fans. Thus, it allows users to take part in the management and control of their favorite sports teams. CHZ has formed numerous partnerships with some of the world’s biggest sports companies such as Manchester City, FC Barcelona, Paris Saint-Germain and Juventus Turin.
Why is Ziliqa (ZIL) an altcoin that should not be ignored?
ZIL was an extremely volatile altcoin project. During the ICO phase, its price was $0.14 when it raised $22,000,000. It is now trading around $0.022. However, it does have an active community, though not as much as Dogecoin. In the case of a bulls rally, the policy target will be the March 2020 ATH level of $0.25.
As Kriptokoin.com, we have covered all the details about how Ziliqa works in this article.
2419
