As the crypto winter continues, some altcoins are outperforming others. The famous financial company Motley Fool shared 3 altcoins that it claims to be like this to investors. According to the firm, these cryptocurrencies attract money. Also, they have the potential to make big profits in the future.
“Money is flowing to these 3 altcoin projects, buy it”
The altcoin assets the Motley Fool claims to have flown are Ripple (XRP), Chainlink (LINK), and Algorand (ALGO), respectively. The firm says that these cryptocurrencies witnessed steady price increases in September. He also states that all three of them could earn more in the coming days. All of the mentioned cryptocurrencies are among the 30 largest crypto assets by market capitalization. Now let’s move on to the predictions.
“Algorand may explode with FIFA 2022”
Algorand has seen a 12% increase in the last 30 days. This altcoin is a PoS-based layer-1 Blockchain founded by award-winning MIT professor Silvio Micali. This network attracted users due to its top performance metrics and became one of the greenest networks in the world. In addition, Algorand received a speed and performance upgrade in September. This upgrade increased the network’s transaction processing speed from 1,200 to 6,000 per second. So this Blockchain continues to evolve as strength goes on.
But what really got people excited about Algorand was its official partnership with the 2022 FIFA World Cup. Working in coordination with FIFA, Algorand has launched an NFT marketplace for football NFTs. The FIFA World Cup now starts in November. Algorand is currently a relatively little-known layer-1 network. But with FIFA, that could change. The new football NFTs will increase Algorand’s overall effectiveness and potentially attract new users and developers. Thus, the ALGO price will also explode.
“Chainlink continues to grow with Coinbase partnership”
Chainlink is up 8% in the last 30 days. This altcoin feeds off-chain data such as asset prices into on-chain smart contracts. So, it works as a Blockchain oracle network. LINK, whose official launch dates back to 2017, is actually experiencing a late renaissance. Chainlink has recently partnered with Coinbase to provide pricing data for their NFT collections, as we reported on Kriptokoin.com. This is important as it opens the door to real-time NFT indices and new NFT lending protocols.
Meanwhile, Chainlink founder Sergey Nazarov recently talked about his vision for the project. Accordingly, the founder announced that he wanted Chainlink to be the “AWS of Web3”. For this vision, Chainlink now works with former Google CEO Eric Schmidt as a strategic advisor. At a recent conference in New York, Schmidt and Nazarov discussed how real-time data can be turned into a premium product and monetized. Imagine a future where ads served with data feeds come from Chainlink.
“SEC lawsuit could lead to XRP price multiplying”
XRP, which has increased by 45% in the last 30 days, is the native token of the payment network Ripple. Ripple became popular for its ability to send cross-border remittances with near zero transaction costs. You can think of it as the crypto version of Western Union. Until recently, the problem with XRP was that it faced a major lawsuit from the SEC over whether XRP was a “crypto” or a “security”. The lawsuit has been going on since 2020 and affects the altcoin price.
As a result, the SEC lawsuit places an artificial cap on the future price of this crypto. However, recent developments suggest that the case will be resolved by the end of 2022. XRP has been used for cross-border payments for years. Sending remittances around the world is big business in a globalized world, and XRP has made it as seamless as possible. Therefore, there are serious predictions that if the case goes in favor of Ripple, the altcoin price could double or even triple its value.
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