Coming to the end of 2022, investors and analysts are questioning altcoins that can be invested. Analysts, especially the popular meme coin DOGE, are expecting a big rise for these 8 altcoins. As Kriptokoin.com, we are presenting you the altcoins that analysts have announced have the potential to make 10x in December.
Popular meme coin Dogecoin (DOGE) tops the list
DOGE price surged after Elon Musk took Twitter. Dogecoin has increased by 25.21 percent in the last 30 days. Considering the market situation in general, it experienced a very significant rise. Currently, DOGE continues to trade at $0.08427. DOGE has gained 34.87 percent in the last 60 days and 29.19 percent in the last 90 days.
With all this, analysts remind that DOGE has potential.
Chainlink (LINK) is at the 2nd place on the list.
LINK price is trading around $6-7, the lowest level in the last 52 weeks. According to analysts, there is a high probability that the Chainlink price will increase when the bull market starts. This is because the infrastructure and community behind the altcoin is vibrant and strong.
Staking for the altcoin will be active from December 6, according to the Chainlink blog. Owners and operators of LINK token nodes will be able to profit as they help improve the security of decentralized Oracle services.
Altcoin BNB planned to be featured on Twitter like DOGE
Cryptocurrency exchange Binance’s altcoin BNB has been talked about a lot lately. In particular, some investors thought that the altcoin could be featured on Twitter like DOGE. It is currently trading at $296, up 8.99 percent in just 7 days. In general, analysts state that the altcoin is promising.
Also, if this trend continues, BNB is likely to make gains in the near future.
Uniswap (UNI) ranked 4th
Uniswap continues to make continuous improvements. It will launch Optimism, which is currently in Alpha. However, testing continues. According to cryptocurrency analysts, it will take some time to become available to everyone. It is reported that it will offer many advantages such as fast and cheap transactions, scaling and being able to pay gas fees with any token. As a result, the altcoin price is expected to rise. We can witness the gains for investors when Optimism is combined with Uniswap.
But there are controversies surrounding Uniswap regarding the governance and voting process. Still, analysts are predicting an uptrend.
Leading altcoin project Ethereum (ETH) ranks 5th
Launched in 2015, Ethereum has grown rapidly. Over time, it has become one of the most popular cryptocurrencies after Bitcoin. Ethereum has always been performing well since it was created. In addition, developments in the ETH network made it popular.
Compound (COMP)
Compound is a crypto lending platform that is booming in the De-Fi markets. It has experienced significant growth recently. According to analysts, the idea of institutional investors acquiring the altcoin can elevate it. The recently launched Compound Treasury offers people who invest in US dollars a fixed interest rate of 4 percent per year. This policy has the potential to attract a great deal of attention from institutions.
AAVE gives COMP a tough competition despite the differences in bid policy.
One of the popular tokens like DOGE is MATIC, the altcoin of the Polygon ecosystem.
The Polygon ecosystem is a Layer-2 blockchain technology running on Ethereum. With its recent acquisition of crypto company Hermez, transactions will be faster. Combining both blockchains is expected to yield quality results. In addition, MATIC has shown a serious performance in the last two years. As a result, it left its mark on the cryptocurrency market.
However, according to analysts, there is a point that should be noted. As mentioned, the network is on Ethereum and any impact there is likely to directly affect Polygon.
Ripple (XRP)
The litigation process between Ripple and the SEC continues. But if Ripple wins the case, which is likely, the XRP price will rise, according to analysts and community members. Ripple is a global money transfer platform that mostly works with large financial institutions to help them work together more efficiently without the need for banks.
Ripple is trading at a high value, which makes it worth investing in.
Finally, Cardano (ADA)
The Cardano ecosystem is a blockchain platform with a Proof of Stake consensus mechanism. It combines leading technologies that provide unmatched security and sustainability to decentralized applications, systems and companies. Investors are buying the ADA token out of anticipation, which will lead to the rise of Cardano. According to analysts, the ADA price may rise before the end of 2022.
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