The altcoin market has continued its development and popularity with the emergence of a large number of new projects in recent years. Ethereum’s divergence from mining, Arbitrum’s high-profit airdrop event, Polygon’s top partnerships were among the major developments. This post features 4 projects from the list of Altcoinbuzz analysts to prepare for the next bull market.
4 altcoins worth holding before the next bull
Ethereum (ETH)
Ethereum is the heart of smart contracts and decentralized applications (DApps). Its blockchain serves as the foundation for a number of innovative projects, including DeFi and NFT. Also, reports show that more than half of the developers are currently interested in the ETH network. This contribution has been instrumental in Ethereum’s continued growth and maintaining its leading position. The latest development in this direction was the ETHGlobal Waterloo event.
Meanwhile, the number of active ETH wallets interacting with NFTs today averages 25k. This is another example of how their community has embraced this Blockchain over the years.
Active wallets interacting with Ethereum NFTs remain steady at the low of 25k daily with the exception of June 7th.
The Coinbase Stand With Crypto NFT was minted in solidarity against the unjust regulatory impost from the SEC.
/13 pic.twitter.com/7Phld3Y8xG
— S4mmy.eth (@S4mmyEth) June 13, 2023
Ethereum is currently trading at $1,739.81, where it remains stable intraday. Its highest price was $4,878, which it reached in November 2021.
Cardano (ADA)
Cardano is a Blockchain platform focused on scalability, security and sustainability. It aims to provide a secure infrastructure for the development of decentralized applications and smart contracts. Cardano’s community is characterized by its commitment to scientific research and peer-reviewed technology.
ADA investors are actively involved in network management and decision-making. The community’s commitment has contributed to Cardano’s growing reputation and potential for future growth. To tell you how Cardano has grown, the organization behind it will launch Cardano Summit 2023 in Dubai very soon.
📢 Press & Media! Secure your #CardanoSummit2023 Press access! Exclusive insights, access to speakers, host panels, and more. Report live from Dubai, or one of the many community-led events and more. Apply now 📷 https://t.co/OPRaeoUxhO@Cardano @Cardano_CF #Cardano #Dubai 📷🚀
— Umar (@uhj_cf) June 8, 2023
ADA is currently trading at $0.2741, which is down after the SEC lawsuits were hit as a security. At the time of writing, it’s holding the weekly depreciation around 18%. The ATH level of ADA price was $3.09, which it reached in September 2021.
Polygon (MATIC)
Polygon, formerly known as Matic Network, is a layer-2 scaling solution for Ethereum. It aims to improve scalability and usability by offering faster and cheaper transactions. The Polygon community actively supports the development and expansion of the network.
Its ecosystem attracts a wide variety of DApps and protocols that contribute to its growing popularity. Ethereum’s scalability concerns and Polygon’s community-driven growth and technical advancements put it in a positive position in the market. Its most recent announcement was the recently released Polygon 2.0.
1/ Our vision for Polygon is simple: to build the Value Layer of the Internet.
The Internet allows anyone to create and exchange information. The Value Layer allows anyone to create, exchange, and program value.
Enter Polygon 2.0: a blueprint to build the ultimate Value Layer. pic.twitter.com/9eYSr3H1L5
— Polygon (Labs) (@0xPolygonLabs) June 12, 2023
The MATIC price is also currently in double digits from last week. At the time of writing, it is trading at $0.6518. MATIC’s ATH was $2.92, which it reached on December 27, 2021.
cryptocoin.comAs we have reported, Polygon has signed high-level partnerships such as Disney, Starbucks and Meta in the last two years.
Polkadot (DOT)
Polkadot is a multi-chain platform designed to facilitate interoperability between different Blockchains. It aims to create a decentralized ecosystem of connected networks. Polkadot’s community-driven approach is an essential part of its growth. Thus, DOT investors participate in network governance and decision-making through a unique management structure.
Particularly the involvement of the community and the technical advances of the project make Polkadot an interesting cryptocurrency to watch for years to come. Polkadot Decode is its community’s annual meeting where they can see the latest improvements.
DOT price is currently trading at $4.68, down 8.5% from last week. His ATH was $54.98 on November 4, 2021. This list, prepared by altcoinbuzz analysts, is about projects that are constantly growing with strong community support. You can take a look at the list of altcoins that analysts expect 50x this year from this article.
