Cryptocurrency experts were asked about altcoins that could be invested, and investors prepared a list of 11 coins. cryptocoin.comWe have compiled the list of altcoins published by experts for you.
Investment altcoins asked by experts
wither
Solana is a high-performance blockchain platform with smart contract features. After launching its mainnet in 2020, Solana has emerged as one of Ethereum’s most reliable competitors in the smart contracts industry.
SOL has hit its highest price levels since the FTX stock market crash in November last year. The momentum in the SOL markets is in part a result of the broader positive turn in the cryptocurrency markets, which has seen Bitcoin hit $25,000 once again. However, Solana also has its own bullish developments, including Helium’s upcoming move to the network and the launch of Access Protocol on the Solana blockchain.
There was also an increase in NFT trading volumes in Solana. According to NFT market aggregator Crypto Slam, Solana has seen a 12.6% increase in NFT sales over the past 24 days.
polygon
Polygon is a Proof-of-Stake blockchain platform compatible with Ethereum. It emerged as one of the most popular Ethereum alternatives after Ethereum started to suffer from high transaction fees.
Polygon’s MATIC token has performed strongly this year, gaining nearly 97% since Jan. The Polygon zkEVM platform, if successful on its platform, could contribute to continued momentum in the MATIC markets.
aptos
Aptos is a layer 1 blockchain that aims to provide a highly scalable platform for smart contracts. Aptos uses the Move smart contracts programming language, which was originally developed for the Libra blockchain project. Besides its strong performance, the Move language includes security measures that help prevent unforeseen errors in smart contracts.
The Aptos project is also worthy of a close watch, as its native token APT has had a very strong performance in recent months, posting a massive 320% gain since the start of the year. According to the expert, Aptos is among the altcoins that will explode in 2023.
bitcoin
Bitcoin introduced the concept of a blockchain and provided a highly secure, fully decentralized digital currency. It implements Proof-of-Work to make it very difficult to change transaction history or double up tokens.
The next Bitcoin halving will occur in 2024. Halvings typically represent key points in Bitcoin’s market cycle. It’s still unclear how long the current BTC bear market will last, but if there is a bullish reversal in the market, the halving could be a likely place for that to happen.
If you think the cryptocurrency has long-term staying power, it’s hard to argue that BTC isn’t a good cryptocurrency to buy. According to experts’ Bitcoin price prediction, BTC could reach as high as $42,400 a year from now.
Ethereum
Ethereum is a blockchain that supports smart contracts, enabling more complex use cases such as decentralized lending protocols and NFTs. The Ethereum project was founded by Vitalik Buterin, who published the Ethereum whitepaper in late 2013. The Ethereum blockchain was launched in July 2015.
According to Ethereum Foundation member Tim Beiko, if the tests in Zhejiang go as expected, the Sepolia and Goerli testnets will be next. Deployment of the upgrade on the Goerli testnet, which is expected to happen in early March, will be the final step in testing before the Shapella upgrade arrives on the Ethereum mainnet.
BNB
BNB is a token released in 2017 by the Binance cryptocurrency exchange. BNB serves two basic functions. Token holders gain access to exclusive benefits when using Binance. This includes lower transaction fees, access to the exchange’s Launchpad and Launchpool programs, refunds on Binance Visa card purchases, and more.
Binance continues to dominate the cryptocurrency exchange industry and has further increased its market share following the collapse of FTX. It is reasonable to expect strong demand for BNB to progress, as Binance is likely to continue providing incentives to BNB holders.
Of course, there are also quarterly BNB burns that will continue to reduce the BNB supply until it reaches 100 million tokens. Quarterly burns work in favor of long-term BNB holders, increasing BNB shortages.
Uniswap
Uniswap is a decentralized cryptocurrency exchange promoting and popularizing the AMM (automated market maker) model. This unique design provides an elegant way to switch between different tokens directly on the blockchain without relying on intermediaries, eliminating the need for order books.
UNI token ranks in the top 20 in cryptocurrency with a market cap of $4.50 billion. UNI is currently the largest DeFi protocol token by market cap. If you think decentralized finance has long-term potential, then UNI is definitely among the altcoins worth considering.
cosmos
Cosmos is a network designed to allow different blockchain platforms to interoperate with each other. The Cosmos network is coordinated by Cosmos Hub, a Proof-of-Stake blockchain. Cosmos Hub is also designed to facilitate connections with blockchains outside the Cosmos ecosystem, such as Bitcoin and Ethereum. The different blockchains that make up Cosmos communicate through a protocol called IBC (Inter-Blockchain Communication).
Cosmos is a unique contender in the smart contracts industry, and its focus on interoperability can make it easily adapt to changing trends in the crypto markets. Additionally, the Cosmos SDK is already used by many different blockchains. This includes BNB Chain, Cronos, Osmosis, THORChain, Kava and others.
GMX
GMX is a decentralized cryptocurrency exchange specializing in derivatives, more specifically perpetual futures contracts. The GMX exchange is currently available on the Arbitrum and Avalanche blockchain platforms.
While centralized exchanges still dominate in terms of trading volume, an increasing number of crypto investors are seeking decentralized alternatives. The decentralized crypto derivatives industry is still relatively new, which means there could be a lot of advantages for platforms like GMX. This is the main reason why experts rank GMX as one of the best new altcoins to buy.
Litecoin
Litecoin is a cryptocurrency that was first released in October 2011, making it one of the oldest ‘altcoins’ on the market. Litecoin is largely based on Bitcoin as it basically started as a modified version of Bitcoin’s code base.
The Litecoin community has demonstrated its willingness to adopt new technologies to improve Litecoin, even when it comes to technologies that are not currently on the Bitcoin roadmap. Litecoin, for example, provided support for the MimbleWimble privacy protocol, providing a significant boost to LTC’s benefit.
Another important factor that currently makes Litecoin worth considering is that the third Litecoin halving will occur in 2023 (current forecast is August 2023). We saw an LTC rally before the Litecoin halving in 2019, so according to experts, the LTC markets will definitely be worth watching closely in 2023.
Shiba Inu (SHIB)
Shiba Inu is a cryptocurrency launched in 2020 by a person using the nickname ‘Ryoshi’. The project is heavily inspired by the Dogecoin cryptocurrency and also features the Shiba Inu dog breed in its brand. Unlike Dogecoin, which has its own blockchain, Shiba Inu is issued as an ERC-20 token on the Ethereum blockchain.
Shibarium will provide an alternative for users who want to avoid high transaction costs on the Ethereum mainnet. According to the Shiba Inu development team, they primarily want to target the metaverse and gaming sectors with layer 2.
The imminent launch of Shibarium will be one of the biggest milestones in the history of the Shiba Inu project, so it’s definitely worth watching the progress of the SHIB markets. But don’t expect SHIB to reach $1 or $0.50 anytime soon, according to experts.
Mina Protocol
Mina Protocol is a project that creates an extremely lightweight blockchain. With the help of zero-knowledge technology, the size of the Mina blockchain is always kept at just 22 kilobytes. Zero-knowledge technology is likely to become a very important trend forward in the crypto and blockchain space, and the Mina Protocol could be very well positioned to take advantage of it.
In addition, the lightweight design of Mina Blockchain facilitates participation in the network, which is especially true for mobile devices. If we are to see widespread adoption of blockchain technology, it is likely that a large number of people will use blockchain via mobile devices. According to experts, this could make Mina a candidate to be one of the next altcoins to explode.
