As Cryptokoin.com reported, the crypto money industry faced many difficulties in 2022. But since the beginning of 2023, the market has been able to recover and is still considered bullish by many experts. According to experts, it is often a wise decision to buy projects that experience a temporary drop in value before continuing their upward trend. So, which altcoin projects do experts recommend? Here are the details…
According to experts, Ripple (XRP) is trading well below its value!
Ripple, which is at the top of the list of experts, is a blockchain company that develops the XRP cryptocurrency and provides payment solutions for financial institutions. XRP is the native cryptocurrency of the Ripple network and can be used to facilitate cross-border payments and deals. XRP is considered good by some investors due to its fast and low-cost transaction potential, as well as its partnerships with major financial institutions. Additionally, XRP has a limited supply, which some believe may increase in value over time.
However, in December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that XRP is an unregistered security and that Ripple has made an unregistered security offering of over $1.3 billion. Since then, XRP has faced significant legal challenges, and in response to the SEC lawsuit, several cryptocurrency exchanges have delisted XRP or suspended operations. The value of XRP also dropped significantly after the announcement of the lawsuit. XRP, which has risen by 3 percent in the last 24 hours, is instantly traded at $ 0.47 and has a market value of $ 24.4 billion.
Arbitrum (ARB) is attracting the attention of many investors with its compatibility with Ethereum!
Ranked second on the list, Arbitrum is a layer-2 scaling solution for Ethereum that aims to increase the scalability, speed and affordability of the network. It was developed by Offchain Labs, a blockchain research and development company, and launched in August 2021. One of the key advantages of Arbitrum is that it is compatible with existing Ethereum smart contracts and dapps; This means that developers can easily migrate their applications to the Arbitrum network. This makes Arbitrum an attractive option for businesses and developers looking to improve the performance of their Ethereum-based applications.
In addition, Arbitrum has a strong focus on security, with rollup technology designed to prevent common attacks such as front-running and re-entrancy attacks. The platform has also passed multiple security audits by leading cybersecurity firms, adding an additional layer of trust for developers and users. Many investors consider Arbitrum to be a good project because of its potential to significantly improve the scalability and affordability of the Ethereum network. The platform’s compatibility with existing Ethereum smart contracts and its focus on security make it an attractive option for businesses and developers looking to improve the performance of their Ethereum-based applications. Instantly, Arbitrum (ARB) is trading at $1.42 and has a market cap of $1.8 billion.
Stellar (XLM) is among the experts’ favorite altcoins!
Stelllar (XLM), one of the popular altcoin projects, is also among the favorite altcoin projects and has great potential for May. Stellar is a decentralized blockchain network aimed at facilitating fast and low-cost cross-border payments. It was created in 2014 by Jed McCaleb, who is also the co-founder of Ripple, another popular cryptocurrency. Stellar uses a unique consensus algorithm called Stellar Consensus Protocol (SCP), which enables fast and secure transactions with low fees. The network’s native cryptocurrency is called XLM, which is used to pay transaction fees and facilitate cross-border payments.
Many investors consider Stellar a good buy because of its potential to revolutionize cross-border payments and increase financial inclusion worldwide. The platform’s unique features, strong partnerships, and focus on transparency make it an attractive option for businesses and individuals alike. At the moment, Stellar has a market cap of $2.5 billion and is trading at $0.095.
Ethereum killer Cardano (ADA) may be on the rise in May!
Cardano is a decentralized blockchain platform created by Charles Hoskinson in 2015 with a focus on scalability, sustainability and academic rigor. It uses a proof-of-stake consensus mechanism and a two-tier architecture to provide greater efficiency and flexibility. The native cryptocurrency of the platform is ADA, which is used to pay for transactions and execute smart contracts. Cardano is considered a good buy by many investors because of its long-term growth and adoption potential, as well as its advanced features and team behind it. ADA, which is among the favorite altcoins of experts for May, is instantly traded at $ 0.41 and has a market value of $ 14 billion.
Experts pointed to May for the popular altcoin Injective (INJ)!
Injective (INJ), which experts put at the bottom of the list, is announced as a result of altcoin projects that have the potential to rise in May. Injective Protocol is a decentralized layer-2 exchange protocol built on top of Cosmos SDK/Tendermint and Ethereum. It aims to solve some of the key issues faced by traditional centralized exchanges, such as slow transaction speeds, lack of transparency, and risk of hacking.
The platform allows the creation of fully decentralized markets for any asset, including stocks, futures and derivatives, with zero gas fees and instant execution. Injective also uses a unique “order book” system that provides a high degree of interoperability between different blockchain networks, enabling transactions across multiple chains of assets. Additionally, it uses a proof-of-stake (PoS) consensus mechanism where validators deposit INJ coins to secure the network and earn rewards. Overall, the Injective Protocol aims to create a fairer, more accessible and more efficient trading environment for everyone. Instantly, INJ is trading at $9.10 and has a market cap of $728 million.
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