The entire market has been green for the past few days. However, traders are still wondering which altcoin projects to keep and which ones to remove from their portfolios. Chris, host of Cheeky Crypto, a Youtube Channel focused on cryptocurrency, shares his top 5 altcoin projects in April 2022 that he claims will make his investors rich.
The first altcoin named Solana (SOL)
Solana is a highly functional open source project based on the permissionless nature of Blockchain technology to provide DeFi solutions. As we mentioned in the news of Kriptokoin.com, although the idea and the first work on the project started in 2017, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland.
Solana is a decentralized Blockchain built to provide user-friendly application scalability for the world. According to the analyst, it will be with Solana to become more decentralized over time, but it will go really well with the backers of this project and the investors in this project. SOL is currently trading at $135.91 and ranks 6th by market cap.
The second altcoin on the list is Terra (LUNA)
Terra, a Blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payment systems. According to its whitepaper, Terra combines the price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin (BTC), offering fast and affordable payments. “This is a great project,” the analyst says, adding that it has good technology and a good team. This altcoin is currently trading at $114.03 and ranks 8th by market cap.
The third project mentioned in the list is Cardano (ADA)
Cardano says that its goal is to allow “changemakers, innovators and visionaries” to bring positive global change. a Proof of Stake (PoS) Blockchain platform.
According to the analyst, many people hate this project but it’s still a great project with great technology. There will be many projects starting to be included in the Cardano ecosystem in June and July. The analyst states that the total value locked will increase over time. ADA is changing hands at $1.18 and is number 9 in the ranking. The analyst says he sees some great opportunities for Cardano.
Next project on the list Avalanche (AVAX)
Analyst says Avalanche is the fastest smart contracts platform in the Blockchain industry as measured by precision time and it’s incredible It states that it is extremely fast, low cost and environmentally friendly. According to the analyst, no smart contract-enabled app can outperform Avalanche. Analyst adds:
great and low cost for dApps. Environmentally friendly. This is a totally awesome project and we are looking forward to a great price discovery for this project, which is currently ranked 10th by market cap.
The analyst states that he has seen tremendous growth and that this will continue more and more. “Influencers start talking about it and realize how good the technology is,” the analyst says.
The last altcoin on the list, Harmony (ONE)
Harmony is a Blockchain platform designed to facilitate the creation and use of DApps. The network aims to innovate in decentralized applications by focusing on random state sharing, which allows blocks to be created in seconds.
“They’re a great community,” says the analyst, “there’s a lot of opportunity and a lot going on with this project. The analyst cites his coming to Board Ape Yacht Club Harmony as an example. The analyst says this is really exciting news to see the total locked value drop again. This altcoin is currently down 2.06% at $0.1657 and ranks 60th by market cap.
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