The bitcoin and altcoin market is trying to cool off the effects of the Terra crash. In this process, many investors are uneasy. In his recent analysis, Tom, the host of the Youtube channel CryptoBusy, shared 5 projects that can be bought during the crash. Let’s take a look at the predictions without any certainty.
5 altcoins available to buy on the drop
Chainlink is a Blockchain abstraction layer that provides universally connected smart contracts. It provides smart contracts with the critical off-chain information they need. According to the analyst, Chainlink is an altcoin that should be deducted for the long term. At the time of writing, it is trading 86.53% below the ATH price of $52.88.
The second altcoin in the list, Cosmos (ATOM) stands out as a project that solves some of the “hardest problems” facing the blockchain industry. By offering an ecosystem of connected Blockchains, it aims to offer an antidote to “slow, expensive, scalable and environmentally harmful” PoW protocols such as those used by Bitcoin. ATOM is trading at $11, and the last time we saw these prices was quite a long time ago. Assuming we enter a new cycle, we may be in an opportunity zone.
The next altcoin on the list, Hedera (HBAR) is the most used, sustainable, enterprise-grade public network for the decentralized economy, allowing individuals and businesses to build powerful decentralized applications. As we have included in the analysis of Kriptokoin.com, the HBAR price dropped to $ 0.1 in May.
The next altcoin, VeChain (VET), is a versatile enterprise-grade L1 smart contract platform. VeChain started in 2015 as a private consortium chain working with a number of businesses to explore Blockchain applications. VeChain would begin its transition to the public blockchain with the ERC-20 token VEN in 2017, before launching its own mainnet using the VET token in 2018. VET is currently changing hands at $0.03.
The last altcoin on the list, XRP (XRP), is the native cryptocurrency of products developed by Ripple Labs Inc, a cryptocurrency payment system. XRP is “cryptocurrency created for global payments”. XRP allows users to send money at a very low cost, attracting the potential interest of both retail customers and banks. An important value proposition from Ripple is small transaction costs while offering sub-five seconds of transaction precision. XRP is trading at $0.4 at the time of writing.
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