The cryptocurrency market has revived with recent economic indicators and the Fed taking a more dovish stance on monetary policy. As the labor market cools, policymakers may be less willing to tighten the money supply aggressively. In this article, let’s take a look at 7 altcoin projects that are giving strong signals to break out of the current bear market.
Here are 7 altcoins that signal a reversal
Ethereum (ETH)
Ethereum’s Blockchain facilitates the use of multiple applications and innovative projects such as DeFi protocols and NFTs. DeFi protocols rely on ETH more than any other platform, with over 80% of the volume connected to the network. Also, 70% of NFTs are either made of ETH or used as the default currency. This pioneering outlook has made Ethereum a major player in the ever-growing digital currency space.
ETH has grown tremendously over the past few years. According to several analysts, its maximum value in 2025 could reach up to $12,780, an astonishing 500% increase from its current price.
Zilliga (ZIL)
Zilliqa (ZIL) offers strong transaction speed, making it one of the best long haul cryptocurrencies. Their excellent transaction speeds are linked to sharding, a process that helps break down each transaction to be verified in parallel into smaller chunks. The best part is that you process faster and token transfers cost around 227x less than Ethereum.
February 2022 was an exciting month for the crypto platform, whose price rose from $0.4 to $0.18 in a few months. The extraordinary success was due to the launch of the company’s metaverse services. The Metaverse, as we all know, could potentially become a multi-billion dollar industry in the future, which should benefit Zilliqa immensely. Fortunately, if sentiment remains positive and bullish, we can expect a similar rise in price, according to analysts.
Cardano (ADA)
Cardano (ADA) continues to amaze with its robust Blockchain protocol that makes the technology more accessible worldwide. Also, according to crypto analytics platform Sentiment, Cardano was one of the top cryptocurrencies in terms of development activity last year. This rapid growth is largely due to their ambitious and comprehensive development frameworks and dedicated teams.
Cardano’s latest update, Hydra, can significantly increase ADA’s processing capacity to one million transactions per second. This major development has already made waves in the industry and the network has the potential to continue to increase the long-term value of the platform.
On top of that, Djed, the altcoin project’s native stablecoin, recently went live. As Kriptokoin.com, we have included the details in this article. Its algorithmic protocol and official validation features make it very suitable for use in DeFi applications and provide price stability. These improvements show that Cardano will be a market leader in terms of usability and functionality in the future.
Binance Coin (BNB)
Binance Coin continued to grow steadily despite the market turmoil, becoming one of the leading cryptos. The platform has more than 120 million users with transaction volumes exceeding $34 trillion in 2021.
With significant investments to establish its presence in Japan and the Middle East, Binance positions itself as a leader in global crypto expansion when there is a meaningful recovery in activity. Even more impressive is Binance Labs, Binance’s attempt to fund crypto startups from seed rounds to next-stage investments.
BNB has witnessed massive growth over the past few years, increasing more than 250%. BNB rose 25% last month and is poised for even greater upside potential.
Chainlink (LINK)
Chainlink was designed to bring together various Blockchains, allowing them to communicate with each other seamlessly and securely, making it one of the best cryptos to put on your buy list.
Thanks to its robust abstraction layer, Chainlink is a bridge that connects multiple Blockchains around the world, optimizing their transaction capabilities and unlocking their full potential. This ingenious design has been particularly instrumental in supporting smart contracts that are more reliable and easier to develop than ever before.
Chainlink is an incredibly innovative and secure platform for DeFi, and its consulting team is impressive in its own right. With prominent names like Eric Schmidt and Jeff Weiner, the platform seems to have a distinct advantage in resources.
Chainlink has the potential to revolutionize the way developers work by bringing enhanced security and reliability through decentralized systems.
Cosmos (ATOM)
Cosmos is revolutionizing Blockchain interoperability with an innovative platform that simplifies complexity for developers and end users alike. It facilitates seamless transactions between different Blockchains, which is critical for expanding widespread adoption of Web3 and other emerging growth verticals in the market.
Of course, 2021 was an absolute dream for crypto investors and ATOM has emerged as one of the stars in the market. Retail investors have swept ATOM from under $4 to an almost astonishing $45 in a matter of months.
Unfortunately, in June 2022, the journey came to an end and the altcoin price dropped to $6. However, the token has gained over 35% since the start of the year and looks even brighter going forward.
Filecoin (FIL)
The cloud storage industry has been booming lately. However, Filecoin has taken it to the next level by effectively using Blockchain, which offers numerous advantages over traditional centralized systems. The project has seen its fair share of success and has become the largest among its competitors. Delivers robust speed, security and scalability beyond what was previously thought impossible for this type of storage solution
Storage-focused altcoin project Filecoin has many attractive features that make it an exciting proposition. First, the P2P model means there is no single point of control, providing unmatched uptime and security for users.
As a result of removing expensive third-party hosting requirements, users become nodes and receive rewards in FIL tokens for their time and effort. The reward opportunity combined with increased reliability makes decentralized storage platforms such as Filecoin highly attractive.
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