5 Alt Coins That Are Likely to Explode Soon

OlufisayoJanuary 3, 20220704 views

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After Bitcoin hit close to $20,000 in 2017, cryptocurrency became a widely known phenomenon. The success of this blockchain currency paved the way for many other crypto brands to emerge. Many have come and gone and quite a few have done quite well and are great alternatives to Bitcoin.

If you’re considering jumping into some of these altcoins, there are some things that mywealthandinvestment want you to know about five altcoins that could explode soon.

1. Polkadot

This altcoin has a lot of potentials, as it can integrate the different blockchains through a cryptocurrency network that links them. With a para chain launch and auctions insight, DOT will likely be taken off the market sooner than later. 2021 has been good for DOT. It is driving its price upwards with its coin burn feature, burning a little over 200,000 coins a month. Scarcity is the thing to watch with Polkadot.

2. Cardano

ADA is building up some serious steam after partnering with DISH, the television satellite provider. Cardano will be investing $100 million for projects focused on Africa. Less developed areas of the world are expected to benefit from the financial stability of cryptocurrency and Cardano has both feet in the water.

3. Decentraland

MANA as it’s named on the market has experienced some ups and downs recently, but don’t let this deter you. This dip allows more people to jump on Decentraland while the price is right. With an RSI below 50, it will likely start to make an upward charge again. And its long-term forecast is looking pretty bright too. Facebook’s decentralized open-world video game and metaverse may be set to purchase MANA. This change of focus for the social media giant has brought a lot of attention to this little altcoin.

4. Solana

Solana came through like a tornado and was poised to take on Ethereum. It’s been getting a lot of DeFi projects and NFTs, which means that it’s very likely that more will head their way in the future. SOL has got scalability and great transaction costs on its side. It’s more efficient than centralized systems like Visa because it can process more than 50,000 transactions a second. This is a big draw for projects that don’t want to get caught in the pipeline that other altcoins encounter.

5. Binance

BNB has been developing smart contracts. In order to create smart contracts on the Binance Smart Chain, users will need Binance coins. This supply and demand will drive the success of this altcoin. Another reason for its growth is its coin burn feature. Every quarter, BNB is burned, which results in a more steady increase in its price over time than other altcoins. This is one of the better cryptocurrencies to hold if you’re looking for a long-term investment.

Now that you have a little bit of insight into what to look for, you’ll be in a better position to make a decision on which altcoins you’d like to add to your portfolio. Of course, Bitcoin and Ethereum are top runners that cannot be ignored, but these five are ready to take off and strut their stuff.

Photo by RODNAE Productions from Pexels

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