The altcoin market has been under pressure with the FTX crisis after the Terra and Celsuis collapse. Despite this, new updates and partnerships keep coming without slowing down. In this article, let’s take a closer look at six altcoin projects that await critical news in the coming days.
6 altcoins you should not ignore by the end of the year
Ripple (XRP)
The most important news for XRP in the first row will come from the SEC lawsuit ahead. The lawsuit, which lasted 2020, was not enough to break out of the top 10 if the XRP price dropped. However, a possible Ripple win will mean unexpected rallies for XRP. cryptocoin.comDon’t forget to take a look at these 3 dates from the SEC case we cited.
Success happens through change, not chance. That’s why we’re empowering innovative finance leaders to change the way they do finance and drive business advantage with crypto. Who’s joining us? #CryptoMeansBusinesshttps://t.co/L9Fi0t9xbU pic.twitter.com/Xqu1oBNWUT
— Ripple (@Ripple) October 5, 2022
Uniswap (UNI)
Uniswap is among the prominent DEX platforms in recent days when centralized exchanges lost their reputation. The bankruptcy of FTX is increasing the share of leading exchange Binance, however, it is grabbing a significant share of decentralized exchanges. Uniswap, one of the largest DEXs, surpassed Coinbase on November 14 to become the world’s second largest exchange by volume, following its events around FTX. It will be exciting to watch what happens around Uniswap in the coming days.
With the Universal Router, devs can aggregate token and NFT swaps into a single transaction flow.
Users can execute multiple token swaps on Uniswap v2 & v3 and get the best prices on NFTs all in one transaction ✨https://t.co/G9Mnq8fsaM
— Uniswap Labs 🦄 (@Uniswap) November 22, 2022
Decentraland (MANA)
Decentraland was one of the pioneering projects of the metaverse trend in the last months of 2021. In 2022, the market fell at a marked rate with accompaniment. During Taurus, MANA was one of the most profitable investments. The current bear market is also affecting Web 3.0 projects like NFT and Decentraland in many ways. Despite this, news of new partnerships continues to come at the same speed. Millions of dollars have flowed into Decentraland estates before, from celebrities to many giant corporations. The most recent collaboration was Citi’s virtual hub built on Decentraland:
The @Citi Digital Wealth Center in Decentraland was built with interactive engagement capabilities.
You are welcome to visit the center and experience Citi’s private banking-class services beyond spatial and temporal boundaries.
Jump in: https://t.co/xiDgVoKMrF
— Decentraland (@decentraland) November 21, 2022
Litecoin (LTC)
Litecoin has been performing slowly and steadily for the past six months. Its price has increased by almost 22.64% in the last six months. We cannot give a specific reason for the origin of this rally. There has been no major update in the project team in recent months. There was also nothing positive about Litecoin among the community. The only catalyst is the halving, which will coincide with August 2023. We have included the details in this article.
Cosmos (ATOM)
The developments that make Cosmos stand out come from on-chain activities. The latest tweets from analytics firm Santiment show that development activity for Cosmos (ATOM) projects on Github is pretty high.
According to the chart above, the Cosmos (ATOM) ecosystem comfortably leads when compared to the Ethereum (ETH), Polkadot (DOT), Solana (SOL), and Binance Coin (BNB) ecosystems. Earlier this year, Ethereum was the leader due to the launch of the merge upgrade and all the improvements that went into the upgrade. Since then, however, average development activity has been in decline. However, it still ranks second.
ATOM price analysis
On the technical side, ATOM price has climbed above the 4-hour 9 and 20 EMA lines in the past 36 hours. Now he wants to push the 4-hour resistance at $10.1. The relative positions of the 4-hour 9 and 20 EMA lines indicate bullish momentum on the altcoin’s 4-hour chart.
However, the 4-hour RSI line is in a negative position towards the oversold zone, which is a concern that could invalidate the bullish argument. However, the 4-hour RSI line is still positioned above the 4-hour RSI SMA, which is a bullish sign. Just like ATOM, Polygon is preparing for a major technical break.
Polygon (MATIC)
Polygon was one of the most modest altcoin projects in recent years. In 2022, Starbucks collaborated with key businesses such as Disney and Nubank. These partnerships helped it expand even in the bear market. So can Polygon launch in 2023? One of the catalysts it needs for this will be its scalability steps. Surge, another major update from Polygon to the Ethereum network, is expected to be released in 2023. With the help of this improvement, the smart contract platform will be able to scale without losing its decentralized nature. The scalability will come from Ethereum validators not having to keep the entire cryptocurrency database on hand. Storage charges will decrease as a result.
On the other hand, ZK Rollups is another sector that is expanding, albeit slowly. ZK Rollups is a Layer 2 Blockchain system that holds assets in an on-chain smart contract while processing transactions, executing calculations, and storing off-chain data. Proving facts without revealing information not related to a transaction, this idea helps protect the security and privacy of those involved in Bitcoin transfers. Polygon excels in this area with its zero-knowledge proofs (ZK Rollups) that combine several off-chain transactions into a single on-chain transfer. ZK’s cryptocurrency also lowers the computing cost of proof-of-verification generation.
All these developments are a testament to the Polygon team’s capacity to find new solutions to a range of challenges. as a result they are powering the MATIC price for 2023.
