Solana (SOL) was one of the best performers in the market, up over 11,000% last year. Shiba Inu, on the other hand, was remembered as the meme token that marked 2021. According to analyst Emma Newbberry, 4 popular altcoin projects are well positioned to beat Solana and Shiba (SHIB) this year. In the rest of the article, let’s take a look at the reasons for this.
These 4 altcoins could surpass SHIB and Solana
Polygon (MATIC)
Polygon is a layer 2 solution aggregator for Ethereum. It alleviates some of the issues that Ethereum faces with network congestion and high fees, which is why it’s often on crypto experts’ favorite coin lists. Ethereum is in a phased upgrade process, but the merge won’t be complete until at least next year. Even then, Polygon could possibly have a role to play in improving the performance of the network. According to research by Inc42, Polygon can compete with Solana in terms of transaction speed and has more than 7,000 dApps in its network.
Cardano (ADA)
Cardano takes a slow and steady approach to development, focusing on peer reviews and testing rather than being the first to market. As a result, it only rolled out the smart contract feature last September and it took time for new apps to launch in the Cardano ecosystem. It has more than 900 projects currently in development and an increasing number of new wallets. Founder Charles Hoskinson says they’re “just getting started.”
Avalanche (AVAX)
Avalanche, some of Another promising smart contract crypto that it sees as a potential Ethereum alternative. It has a growing number of active Avalanche users and has invested more in projects on its platform than Solana, according to DeFi Llama. Also, Avalanche is working on a new crypto wallet that it hopes will make it easier for those new to crypto to interact with the system.
Cosmos (ATOM)
Cosmos, Blockchain It is a smart contract cryptocurrency with a focus on interoperability, helping people communicate with each other. As the crypto market becomes more diverse and developers use different platforms, interoperability becomes more necessary. As we covered in the news of Kriptokoin.com, Grayscale recently added Cosmos to its smart contract fund. The fund focuses on Ethereum alternatives and Cosmos is one of eight cryptos that account for around 5% of hodls. Like some of the other projects listed here, Cosmos has some well-known backers and invests heavily in the development of multi-chain crypto projects.
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