Popular crypto analyst Joe Parys shares the altcoin projects that he expects to explode in the coming months, along with the key developments. Let’s take a look at the analyst’s expectations, keeping in mind that the estimates are not precise.
Joe Parys announced top 4 altcoin projects from $1M crypto portfolio
Polygon (MATIC)
Polygon is the first well-structured, easy-to-use for Ethereum scaling and infrastructure development is the platform. Its core component is the Polygon SDK, a modular, flexible framework that supports building multiple application types. Using Polygon, optimistic rollup chains, ZK rollup chains, standalone chains, or any other type of infrastructure the developer needs can be created.
Polygon (MATIC) is the Ethereum internet of Blockchains and is a layer 2 solution. While there are many other layer 2 solutions and other Blockchains that compete with Ethereum, it has one of the better layer 2 solutions.
Avalanche (AVAX)
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time to precision. Avalanche is known to its competitors as being incredibly fast, cost-effective and environmentally friendly. Any smart contract-enabled app can kick in on Avalanche, outpacing its competition. AVAX is Avalanche’s native cryptocurrency. It is a limited, scarce asset used to pay fees, secure the platform through staking, and provide a basic unit of account across multiple subnets created on Avalanche.
Solana (SOL)
Solana is a highly functional open source project based on the permissionless nature of Blockchain technology to provide DeFi solutions. While ideas and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized application (DApp) creation. It aims to improve scalability by offering a consensus of proof of history (PoH) combined with the underlying PoS consensus of blockchain.
Cardano (ADA)
The latest altcoin Cardano is a PoS Blockchain platform that says its goal is to allow “changers, innovators and visionaries” to bring positive global change. The open source project also aims to “redistribute power from unaccountable structures to margins and individuals” – helping to create a safer, more transparent and just society.
Portfolio diversification
Joe Parys, whose analysis we have shared as Kriptokoin.com, says that he has invested some money in metaverse, GameFi, decentralized tokens and especially smart contract platforms. It even adds that it holds some stablecoins and centralized exchange tokens. According to the analyst, this allocation is the ultimate strategy for crypto portfolios, which can be invested exponentially with profits from other cryptocurrencies.
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