Many cryptocurrency analysts point to the potential in various altcoin projects. In this article, we will cite eight altcoins whose bullish movements are expected, according to analysts. Among these coins is Dogecoin (DOGE). Here are the details…
Experts pointed to these 8 coins, including DOGE
One of the best known cryptocurrencies is Solana. With a gain of over 10,000 percent last year, Solana was the best performer. As an Ethereum substitute, Solana has attracted a large number of investors. Smart contracts are supported by both Blockchains. However, compared to Ethereum, Solana offers much faster transaction times and cheaper transaction costs. Solana’s current price is $11.31 with a market cap of $4 billion.
Avalanche rivals Ethereum in terms of cryptocurrencies and Blockchain platforms. Avalanche Blockchain uses smart contracts similar to Ethereum to support a number of projects. AVAX is the native token of this platform. Due to the random nature of the consensus mechanism, Avalanche can be considered safe. According to Avalanche, the platform supports more robust security measures that make it 51 percent less susceptible to attacks. Today Avalanche coin price is $11.70, market cap is $3.6 billion.
By market cap, Tether is the third largest cryptocurrency worldwide. However, it differs significantly from Bitcoin and other cryptocurrencies. Tether is an example of a stablecoin. These are cryptocurrencies that are tied to tangible assets like the US dollar to maintain a fixed value, unlike most cryptocurrencies that are known to be volatile. Tether is intended to be pegged to the US dollar. Tether’s price is usually equal to $1 USD, unlike other cryptocurrencies whose values fluctuate frequently.
Litecoin qualifies as “silver” where Bitcoin is referred to as “gold”. It was developed by Charlie Lee and launched in 2011, just two years after Bitcoin. Basically, it entered the market with a hard fork from the main Bitcoin blockchain network. It was originally created to address concerns among developers that Bitcoin is too centralized. Litecoin’s current price is $69.05, with a market cap of around $5.8 billion.
Axie Infinity (AXS)
Axie Infinity is one of the best known blockchain based games. It was created by Sky Mavis in March 2018 and is based on NFTs. It is one of the best metaverse cryptocurrency projects for the in-game economy using Ethereum-based ERC-20 tokens. The aim of this game is for players to play NFT, raid and collect. The current price of Axie Infinity is $6.89, with a market cap of $1.8 billion.
cryptocoin.com As we have reported, Dogecoin (DOGE) has already seen a short-term price boom a few weeks ago. In a brief altcoin rally at the end of October, Dogecoin value more than doubled. The takeover of Twitter by Elon Musk also played a role in its rise. But the crypto market crashed, causing Dogecoin to follow in his footsteps. According to experts, if the crypto market rallies early next year, Dogecoin should also recover and hit previous monthly highs.
In a bear market, things usually get very quiet on the Cardano (ADA) front. The network continues to work to replace Ethereum, possibly at the top of efficient smart contract networks in the future. With the latest Vasil update, we’ve seen the first steps in optimizing scalability. During the Ascension phases, the potential for new functions of the Cardano network often becomes visible. Currently, the ADA price is so low that some experts say investing in ADA does not even require serious thought process.
The potential of Polygon (MATIC) at the end of 2021 and also in 2022 was particularly strong. As a scaling solution from Ethereum, Polygon is in the process of taking over the dApps market more and more. However, the rise of the efficient and scalable protocol could gain even more momentum. Therefore, according to experts, MATIC is one of the coins that can be invested among altcoins.