Some analysts were right in their predictions as the price of Bitcoin (BTC) turned towards $ 42 thousand again. Expert crypto analyst Christopher Liew discusses 3 altcoin projects that could have higher return potentials than Bitcoin. Ethereum (ETH), Cardano (ADA) and Ripple (XRP) will be the altcoins we will examine…
Ethereum 2.0 is almost ready
Many crypto money experts believe that ETH is a better bet than BTC. He thinks it has price potential. The Ethereum Blockchain is one of the most comprehensive altcoin projects on the market, and the Ethereum 2.0 update could help strengthen the cryptocurrency. The change is welcomed by ETH investors, as transaction costs will decrease with ETH 2.0. Also, conventional mining mechanism will be fashioned with staking instead of PoW mining. According to crypto experts, the Ethereum network is becoming more adaptable as NFTs allow trading on the platform.
Rapidly growing altcoin project: Cardano (ADA)
Cardano is recommended by some crypto bulls because open-source Blockchain is promising. Developers can create decentralized applications (dApps) and implement smart contracts comparable to Ethereum on its platform. As a result, the rapidly developing Cardano is considered the main competitor of Ethereum. Cardano’s overall return in 2021 was 622.3 percent and is currently trading at $1.06.
Ripple (XRP)
The lawsuit filed by the US Securities and Exchange Commission (SEC) in December 2020 was due to negative price impact, Ripple has so far could have a large market share. RippleNet, a payment and exchange network, is managed by the firm. XRP is the network’s national token that allows for faster and cheaper money transfers. Compared to previous methods, cross-border payments are also fast. On February 8, 2022, analytics firms announced that the market cap of XRP exceeded $40 billion, surpassing Cardano. It is currently the sixth largest cryptocurrency in the world. Its price has soared to $0.8229, and some analysts believe the value of XRP could skyrocket if the court rules in Ripple’s favor shortly. You can reach the latest developments from the Ripple-SEC case, which we have transferred as Kriptokoin.com.
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