After devastating May and June, July is closing in the green for most altcoins. Meanwhile, we saw Ethereum, one of the biggest cryptocurrencies in the market, rise 50% in just 7 days. In conclusion, it is clear that the cryptocurrency market still has enormous potential. In this post, let’s list the altcoins from analyst Apoorva Bellapu’s list that are poised to turn the current recovery into a bull run…
9 altcoins on the verge of a major breakout
Ethereum (ETH)
Ethereum (ETH) is at the top of most lists with this title. In addition, it occupies a separate place in the list of cryptocurrencies worth investing in. This is because of Ethereum’s smart contract capabilities. Smart contracts, which are automatically executed when certain conditions are met, ensure the long-term permanence of Ethrereum, according to the analyst.
Polkadot (DOT)
Polkadot’s ability to seamlessly connect all heterogeneous Blockchain networks caught the eye. This is one of the main reasons why there are hundreds of projects built on the Polkadot ecosystem. The analyst favors the network’s native cryptocurrency DOT for second place.
Cardano (ADA)
Cardano has been an impressive altcoin since last year. It has seen dramatic growth in its value over a period of time. With shorter processing time and energy consumption, many projects now prefer Cardano network.
Left (LEFT)
Solana is another cryptocurrency that has managed to generate huge returns for investors. It works with a mix of PoS and PoH mechanisms. Here’s what makes Solana special; It is the fact that DeFi eclipses the rest in the field of decentralized applications (DApps) and smart contracts.
Tether (USDT)
Tether is the largest stablecoin in the market. USDT, the network’s native cryptocurrency, is always pegged to $1. Therefore, considering how volatile the cryptocurrency market is, many investors prefer USDT. USDT is also used by investors who want to invest in foreign exchange.
Binance Coin (BNB)
Launched by Binance, one of the world’s largest crypto exchanges, BNB has soon expanded from simply facilitating trades on the Binance platform to a bookable use case for trading, payment processing and even travel arrangements. What is worth mentioning, according to the analyst, is that it has seen a significant increase in value over the years.
XRP
XRP has gained wide recognition everywhere for its ability to facilitate the exchange of different types of currencies, including fiat currencies and other major cryptocurrencies. Plus, its increase in value is good enough proof of how much potential it has. However, the company behind XRP has long been sued with the SEC. As a result, the price has been on the decline since 2020.
Dogecoin (DOGE)
DOGE was launched in 2013 and has since settled among the 10 cryptocurrencies. Dogecoin soon became one of the leading cryptocurrencies in the entire cryptocurrency market. The fact that big companies like Dallas Mavericks, Kronos and SpaceX trust this cryptocurrency speaks volumes. DOGE is generally known for its relationship with Elon Musk. It peaked at $0.7376 in the 2021 bull, thanks to the hype it received from social media.
Shiba Inu (SHIB)
Shiba Inu is a community and supporter driven meme token. This altcoin takes advantage of the security and advanced features of the Ethereum ecosystem. Recently, Shiba has witnessed significant growth, shining a light on how much potential it has. As Kriptokoin.com, we have quoted the latest developments from Shiba in this article.
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