I wonder which altcoin will start a bull run? Undoubtedly, the question is important. But the answer is just as important. We have identified the leading altcoins for our readers. Let’s have a look at the details.
6 altcoins could start their bull run
The project we will cover first is LayerZero. This project is all about interoperability. On the other hand, with privacy, the future of crypto will be here. Altcoin LayerZero is no stranger to us. Accordingly, we know that there are many Layer 1 and Layer 2 blockchains. They need to be able to communicate with each other. So who will take care of it? That’s right, it’s the LayerZero platform. Accordingly, LayerZero is built to connect them all. LayerZero allows messages between chains. Most importantly, it guarantees delivery. If that’s not enough, you can set the unreliability. It uses two sides to achieve this; oracles and relayers. Now, what’s interesting is the funding and support that LayerZero already has. Most importantly, they raised $293 million in total. This is a good amount of money. It will keep them going for a while. They last raised $120 million in April. This was their Series B. That put them at $3 billion worth. And that was with an impressive list of supporters. Here are the ones on the list,
- a16z
- Chapter One
- GCR
- K5
- OKG
- OpenSea
- sequoia
They raised $135 million during Series A funding. This happened in March 2022. They have a great team as well as strong support. They are led by Ryan Zarick and Bryan Pellegrino. Also, the project has strong foundations. In short, a project with great potential. That’s why it needs to be on the radar.
Altcoin StarkNet
The second of these altcoins is StarkNet. A Layer 2 project built on altcoin Ethereum. StarkWare is the company behind this project. Now, the interesting thing about StarkNet is that they have already distributed their tokens. The short spelling of the token is STRK. However, they are sitting on Ethereum and waiting for distribution. There are 10 billion of them. So it’s no wonder rumors of an airdrop have been circulating for months. It should also be noted that this is not a fixed amount. The protocol may issue more tokens over time. The team has yet to define the print rate or mechanism.
You can use the token to stake on time, pay governance and transaction fees. Eli Ben-Sasson is a co-founder of StarkWare. However, he is also the founding scientist of Altcoin Zcash. This is a well-known privacy coin. The number of employees is estimated to be around 200 to 250. So the project doesn’t just have a strong team. This project also has strong foundations. That’s one of the reasons it gets good support. As a result, his TVL rose $10 million in two months.
linea
The third choice of these altcoins is Linea. It is also a Layer 2 project on Ethereum. Renamed to Linea as of March 28. You may know it previously as Consensys zkEVM. Consensys is the company behind them. They also own MetaMask. This will be the default Layer 2 on MetaMask. In other words, success is almost guaranteed. It is a zero-knowledge Ethereum Virtual Machine (zkEVM). This allows developers to build on the altcoin as if they were building on Ethereum. It uses Zk rollups. Linea is currently on a testnet journey. You can expect a potential airdrop. However, these are not easy tasks. But the rewards may be worth it.
Last week they finished week 3 which is all about NFTs. You can earn points every week. So, the more points you have at the end, the higher your reward will be. However, the team has not yet announced the 4th week. The foundations of this project are also in good condition. That’s the advantage of having a big company like Consensys behind you. Consensys employs 700 to 1000 people. Time to get some funding for Linea. Consensys has so far raised at least $726 million in various funding rounds. This can indeed be an attractive amount. And of course, that’s plenty of capital to keep building.
CHZ (Chiliz)
Despite having a small market valuation, investors are quite enthusiastic about Chiliz’s CHZ token. Chiliz has set a unique offer. He is also actively promoting it. Chiliz was launched in 2018 to help sports companies increase fan engagement through tools like collectibles, non-replaceable tokens (NFTs). The sports market is quite lucrative. And in the last two years, we’ve seen more and more sports brands adopt blockchain. Chiliz is well positioned to profit from this market for Web3 and sports. Sports fans are pretty crazy about their team and will do anything to own a piece of it. Altcoin Chiliz is also trying to offer them this. They can buy fan tokens of their favorite teams using CHZ as a trading tool.
Users can use these fan tokens to participate in important club decisions. They will also receive rewards for actively participating in the community. Altcoin Chiliz has a unique long-term value proposition. Chiliz has already partnered with top sports brands and teams. FC Barcelona, Juventus, Manchester City, Atletico Madrid and many more. In addition, Chiliz launched Socios in 2018. The platform only caters to the sports and entertainment industries. Socios.com brings crypto to mainstream attention and increases the value proposition of the CHZ token. CHZ has been on the market for a while. It has seen both a pandemic and a bear market. This is a huge attraction for investors in the gaming industry. CHZ has both longevity and market appeal. Despite possible challenges, the Chiliz cryptocurrency is poised to become a benchmark by attracting a significant community of sports investors to the markets. We expect it to exceed all expectations and become one of the prominent players of the near future.
QNT (Quant)
If you’re not sure which crypto to go for, don’t worry. Quant is undoubtedly a project worth checking out. It has great potential for success. Quant is an interoperable solution. It was introduced as an open-source, data-powered platform for DeFi applications. The project aims to reduce transaction costs while continuing to emphasize transaction speed. Quant allows all types of DLT (distributed ledger technology) to share data across networks. This includes blockchain, DAG, and Tempo. The big idea is to increase the adoption of these technologies. Another idea is to bring enterprise software solutions to markets that simplify DLT integration.
The lack of interoperability is a big problem for DLT. That’s what Quant has solved. Quant allows developers to build robust applications. These apps are integrated with multiple chains and are easy to deploy. The technology of this project has long-term value. That’s reason enough to mark it.
MNW (Morpheus)
Investing in MNW makes sense as China comes back on the agenda. Also, Morpheus solves a real-world problem in the supply chain industry. By far, it has one of the best approaches to optimizing supply chains. Here are some of the benefits:
- It uses automated smart contracts for fast payments.
- It allows payments in any currency designated by SWIFT.
- Compatible with other chains.
cryptocoin.com As we have covered before, Morpheus uses blockchain to address issues in the supply chain world. Accordingly, it’s only a matter of time before we see more businesses adopting Morpheus in the supply chain industry. This will also be good for MNW tokens. MNW has already shown good potential in the past. At the peak of the last bull run, Morpheus hit an all-time high of $5.46. MNW is currently trading at $1.09. With the bear market approaching, projects like Morpheus have a chance to see massive adoption.
