Coin Bureau shared their top altcoin category picks in a YouTube video yesterday. Accordingly, in the video, Coin Bureau features Solana killers SUI, APT and NEAR. In this context, he states that they are projects with great earning potential. Of course, those on his radar are not limited to these. Let’s look at the details.
More altcoins on the radar
According to Coin Bureau, ETH L2 projects such as altcoin METIS, MATIC, ARB and OP will play a vital role in the future. With the end of the current bear market, many crypto investors are building their portfolios with the goal of getting the biggest returns in the next bull run. Coin Bureau shared its crypto picks in a video uploaded to YouTube yesterday to help investors. In the video, he divided his listings into 10 categories. Accordingly, he explained some of the challenges and opportunities associated with each category. The first category of crypto in the video is the altcoin Solana killers. According to Coin Bureau, the market used to focus on projects that could potentially surpass Ethereum (ETH). But it has become very clear that the Ethereum blockchain is here to stay. Solana killers in the video include Sui (SUI), Aptos (APT), and Near Protocol (NEAR).
These 3 projects have the potential to surpass Solana should the project fail to survive the FTX collapse. If Solana beats the challenges brought by the recent FTX crash and continues to lead against SUI, APT and NEAR, he believes Coin Bureau SOL will also be a crypto to watch in the next bull run. As altcoin ETH is a dominant asset in the market, investors will go to Layer-1 projects. These reasons will yield more than 10x gains for long-term investors. On the other hand, Coin Bureau thinks that rising interest rates will reduce the amount of capital flowing into speculative cryptos. Accordingly, this development will reduce returns.
Layer-2 projects built on Ethereum (ETH)
These are projects built on the Ethereum blockchain with the aim of lowering the network’s transaction fees and increasing transaction speeds. In the video, Coin Bureau says that these projects bring the inherent security of the altcoin Ethereum network. This is why he emphasizes that this makes them an attractive option for decentralized applications.
Projects like MetisDAO (METIS), altcoin Polygon (MATIC), Arbitrum (ARB), and Optimism (OP) are all candidates in this category. According to the video, there are more Layer-2 projects entering the market. Therefore, Coin Bureau thinks that as more projects enter the market, the competition for market value between projects will increase even more.
Decentralized storage and altcoin
Projects in the next category, decentralized storage, are Filecoin (FIL), Arweave (AR), and Akash Network (AKT). Coin Bureau shared that decentralized storage will be essential for the future as many Layer-1 projects currently store data on centralized cloud servers. As these altcoin projects scale, centralized solutions may no longer be viable.
One caveat for projects in this category, however, is that Layer-1 and Layer-2 altcoin projects may start building their own decentralized storage solutions. If that happens, the need for 3rd party decentralized storage solutions will disappear. Second, decentralized storage solutions are a new concept. It has also not yet been fully tested by the market.
Decentralized identification
According to the Coin Bureau, projects in the decentralized identification category will play a critical role in unlocking the next wave of crypto and blockchain use cases. Projects such as Altcoin Civic (CVC), Kleros (PNK), KILT Protocol (KILT), and Polygon (MATIC), which has developed its own identity solution, should be considered in this category.
In the near future, it may become a legal requirement for users to have decentralized identities linked to their real-world identities before interacting with DeFi products. If that happens, it could cause cryptos in this category to experience a massive price surge.
decentralized finance
Projects in this category were created to replace institutions in the traditional financial system. Coin Bureau is on the rise in this crypto category. Because they are the only projects that generate fee income other than Ethereum (ETH) and Bitcoin (BTC). Some of these fees may go to governance participants. Ultimately, this will make them a more attractive investment.
Among the crypto projects mentioned for this category is Aave (AAVE). Also included are Lido DAO (LDO) and Uniswap (UNI). In terms of caveats, these projects aim to replace traditional central financial institutions. It therefore faces a great regulatory risk. In addition, these projects are more prone to hacking and cyber attacks.
interoperability projects
The next category covered in the video are high-interoperability projects with the ability to share resources across multiple blockchain networks. In addition, these projects also connect blockchain projects with real-world and real-time data. In the video there are projects such as Chainlink (LINK), Flux (FLUX), Cosmos (ATOM) and Axelar (AXL). According to the Coin Bureau, a single Layer-1 or Layer-2 project is unlikely to support globally scaled decentralized applications. Because this makes interoperability projects desirable.
The potential demand for interoperability projects is further compounded by the fact that many crypto use cases will require interoperability. Despite this, Coin Bureau has warned that interoperability projects will only be used if the global crypto adoption rate increases.
Decentralized social media and altcoin
According to the video, LENS Platform (LENS) and Theta Network (THETA) are major projects. Decentralized social media projects like this will yield positive returns for investors in the long run. Governments around the world are constantly trying to censor the internet. Therefore, social media users will gradually start using these decentralized social platforms.
However, Coin Bureau notes that the adoption of these projects will depend on how easy it is to use these platforms. There is also the risk of decentralized social media platforms falling victim to regulatory scrutiny.
Blockchain focused game
The excitement in the Play to Win area has subsided. However, Coin Bureau says every investor should be careful as they enter the next bull run. It also mentions 3 blockchain gaming projects to consider. In the video, Axie Infinity (AXS), Gala (GALA) and Decentraland (MANA) are some of the projects to follow.
In the video, Coin Bureau points to a different side of blockchain gaming. He emphasizes that it will open up many great uses in the future. This is why he states that it will be one of the main drivers of mass crypto adoption. Unfortunately, there is no blockchain game yet that can support millions of users. So there is some work that needs to be done by the team of each project.
wallets
Many users in the crypto space are unaware of the vital role that blockchain wallets play in the crypto space. That’s why the next category mentioned in Coin Bureau’s video is wallets. Among the popular wallet solutions currently on the market is Metamask. Also included are Phantom (FTM), Avalanche (AVAX), and ThorFi (THOR).
These projects are also likely to launch their own governance tokens in the future. Even Metamask’s team hints at the possibility of Metamask issuing its own token in the medium term. If this happens, there will be a market cap competition among all wallet providers.
Privacy coins
The last category covered in the video is privacy coins, which aim to hide the identities of owners and users. Coin Bureau includes altcoins ProjectOasis (OASIS), Monero (XMR), and Secret (SCRT) for this category. Accordingly, these are the projects to watch as we enter the next crypto bull market.
These projects are currently facing the highest level of regulatory scrutiny as many illegal activities can take place on their networks. Coin Bureau says regulators will continue to pressure these privacy altcoin projects in the future. For this reason, he states that the development may negatively affect the prices of the coins.
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