The crypto bear market is not over yet. Some crypto projects are struggling to stay afloat. However, the projects that will be successful will be the ones that continue to build during the bear market. Crypto expert Camille Lemmens shares 4 altcoins that she says will emerge stronger from the crypto winter.
First ranked altcoin: Cosmos (ATOM)
Cosmos Network is the spider in the web. It is at the center of all activities at IBC. This is the cross-chain communication protocol. Currently, Cosmos hosts more than 248 Interchain applications and services on its network. IBC allows ross-chain communication and the sending or receiving of assets.
With over $8.2 billion in real-world financial assets locked on-chain, @provenancefdn is at the forefront of helping TradFI embrace the interchain.
They are now helping institutions build out private zones – powered by @cosmos_sdk, with IBC baked-in.https://t.co/7yDpqyRKG1
— Cosmos – Internet of Blockchains ⚛️ (@cosmos) September 15, 2023
Building on Cosmos is done with the Cosmos SDK (Software development kit). They also offer the Tendermint consensus mechanism. Cosmos Hub certainly continues to build. The altcoin also launched its roadmap for 2024. This sees greater expansion and availability. 8 However, ATOM fell from $14 to $7 at the beginning of the year. The fundamentals have not changed, they are as strong as ever. So, this is a great entry point.
https://twitter.com/cosmos/status/1703709988709970012
In second place is Polygon (MATIC)
Polygon is almost an all-time favorite in the community. They have been in the spotlight almost all year long. Last year ended and this year begins with an impressive list of partnerships. This included major brands, for example: Walt Disney, Adidas, Starbucks, NFL and more. Many of them were looking for ways to get into Web3. For example, with NFT marketplaces. But there is more, much more. The altcoin also launched the zkEVM Blockchain. This is a zero-knowledge scaling solution. Most importantly, EVM is compatible with Blockchains. Their main-net recently had a major upgrade, the Dragonfruit upgrade.
Dragonfruit Upgrade: successful
Polygon zkEVM Mainnet Beta upgrade + bridge operations have completed successfully. System resumes full activity.
Devs, the list of EVM networks that support PUSH0 opcode:
1) Ethereum
2) Polygon zkEVM Mainnet Beta https://t.co/YEjDhHDD6w— Polygon (@0xPolygon) September 20, 2023
The Federal Reserve also mentioned that Polygon will be huge. As you may remember, ZK technology is critical for privacy. With this technology, you can prove something without revealing important information. For example, this is very important with identity-related information. Another big change for the altcoin is the Polygon 2.0 upgrade. A major upgrade is coming with the introduction of POL tokens. This will be a multi-chain token that you can use across all blockchains.
https://twitter.com/0xPolygon/status/1671898339795673089
Third ranked altcoin: Polkadot (DOT)
And we continue with another favorite altcoin project, Polkadot. It is best known for its parachains. Like Cosmos, Polkadot is layer 0, which provides the entire infrastructure. You can compare this to a city. All facilities are underground and provided by the city. For example, water, gas, electricity, sewage, etc. Thanks to Cheddar.com’s YouTube channel for this look at the infrastructure beneath NYC. Layer zero Blockchain also offers a similar infrastructure. But this is for Blockchains.
https://twitter.com/Polkadot/status/1704536544307016133
All other Blockchains are built on top of this zeroth layer. Thus, it allows completely different Blockchains to communicate with each other. These Blockchains have their own tokens. But they need DOT to secure their parachain. Polkadot can host up to 100 parachains. However, this is a flexible number and can be changed when necessary. A big recent event is the introduction of native USDC into the ecosystem. Once again, we see the price of the native token altcoin falling. Still, I don’t see any reason to worry. All the foundations are still in place and solid. Another great entry point.
https://twitter.com/Polkadot/status/1704121038886277600
Last ranked altcoin: Solana (SOL)
Solana is last but not least on our list. As you follow from Kriptokoin.com, FTX had a hard time after its collapse. SOL had a flattering ATH of $259 in November 2021. However, it fell below $10 in December 2022. It now looks comfortable in the $20 range. Solana also has other ongoing partnerships. For example, with Visa and Shopify.
Recently, @Visa Crypto released their technical deep dive covering why Solana was chosen to expand their USDC settlement pilot.
“Solana's blockchain network has attributes like high transaction throughput and scalability at low cost that help make it a good candidate for… pic.twitter.com/P5wricIHtW
— Solana (@solana) September 13, 2023
In other words, the altcoin is experiencing a serious rebound. We wouldn’t be surprised to see SOL rise again once the bull run begins.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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