The crypto market has been experiencing high volatility again recently. However, analyst Julia Magas explains the altcoin projects that should be followed in the continuation of 2022. Details follow in our news…
MATIC and SOL are among the notable names of this year
According to analyst Julia Magas, Polygon, which is the first name that attracts attention this year, regularly attracts the attention of large investors and if the crypto market rises, it will be different from the others. can earn more. Despite its explosive growth in 2021, the token retains its potential for further appreciation. Polygon’s scaling solutions increase MATIC’s popularity and appeal. In November 2021, the developers at Polygon introduced a ZK-Rollups-based Ethereum scaling solution called Miden. Also, the Polygon team announced Polygon Studios last year, a new division focusing on the NFT ecosystem and the GameFi industry. According to the analyst, the development of the new and popular industry could also increase the value of the altcoin project.
The team of popular altcoin Solana has worked hard on the implementation of the roadmap, which has room for possible growth prospects this year. Highlights include the launch of the Phantom wallet, which has won the acclaim of OpenSea, the largest NFT marketplace with $23.5 billion in revenue. On the other hand, the introduction of Solana as the largest NFT platform will likely increase SOL demand as it has already increased the price of SOL by 6 percent this week. The network sometimes leads to outages as it still lags behind in terms of security and decentralization. However, the number of nodes is growing steadily and with a capitalization of $39.7 billion, Solana is challenging Ripple, aiming for sixth place in the Coinmarketcap ranking.
Luna and DOT are also altcoin projects to watch this year
According to Analyst Julia Magas, LUNA could benefit from rumors circulating in the community amid rising geopolitical tensions. Previously, the secondary attributes of centralized stablecoins became their most discussed features. According to Magas, in the medium term, the popularity of Dai (DAI) and TerraUSD (UST) will increase, followed by an increase in liquidity and a circulating supply of tokens, resulting in an increase in volumes of frozen assets to support growing assets. Freezing assets will cause a decrease in supply in the open market, while creating an imbalance in the relationship between supply and demand, thus contributing to the growth of Terra (LUNA) price in the medium and long term.
Another project to watch, Polkadot’s value has increased by 191 percent in the last 12 months, according to the analyst. In the coming year, the token may continue its appreciation rally. According to Magas, one of the reasons could be the launch of the first parachain auction in the altcoin network at the end of 2022. Polkadot has received support not only from investors, but also from tech-savvy users who are increasingly migrating to Polkadot and starting their projects there. The platform has managed to attract different categories of users to use the platform, including traders, investors and even developers.
LINK, DOGE and 2 other altcoins to watch closely
Chainlink (LINK) is characterized as another pioneering project that could benefit from the development of both DeFi and specifically oracles. According to Julia Magas, whose analysis we follow closely as Kriptokoin.com, the expectations of investors who have poured their funds into this token throughout 2021 may come true this year. Last year, the altcoin did not have time to grow at lightning speed, but LINK retains the potential to update its historical peak.
With Dogecoin, which has a very strong and unique community that does not only consist of investors, the community explosively reacted to the billionaire’s statements regarding the crypto market, as Dogecoin is highly tied to the Elon Musk brand. gives. Musk announced the launch of the Doge-1 satellite, financed by Dogecoin, in May of last year. This could soar to unprecedented heights in the global media. According to Magas, this could trigger a viral effect, resulting in a growth in altcoin price. Finally, Cardano (ADA) and Aave (AAVE) could also show impressive growth in the next 12 months, according to the analyst. The AAVE team recently announced their plans to create a mobile wallet that could contribute to its price increase in the future. A series of upcoming technical upgrades could also have a positive impact on the financial component of ADA, according to analysts.
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