4 altcoins which will reserve huge profits for the investors this year. If you’re thinking about SHIB or DOGE, then we are not going to discuss these assets.
4 altcoins which will reserve huge profits:
The Crypto market has seen phenomenal growth in the last year. Flagship currency made a new ATH of $69k in November 2021. Altcoins such as DOGE and SHIB were prominent gainers in the crypto market last year. 2021 can be named as the year of meme currencies. But the craze of meme currencies has slowed down. That’s why we are going to discuss 4 altcoins which we think will reserve huge profits for the investors.
This list of 4 altcoins includes different names which we are going to discuss one by one.
Avalanche is known for smart contracts and its competition with Ethereum. The 12th biggest crypto gained more than 3000% in the last year. The digital asset has benefited from the problems of Ethereum and grabbed a significant market share.
In the long run, Avalanche has a bright future because smart contract cryptos are judged by running applications and TVL of the ecosystem, this altcoin has a great record. 160 applications are running on the network and it is the fourth biggest chain in terms of TVL.
If meme coins are at one end of the spectrum in terms of utility and seriousness, Cardano is at the other. With popular and well-respected leadership, Cardano has a huge vision.
Cardano believes in slow but steady development and wants to make the world a better place. The newly launched smart contract capability can be bliss for the network as the development will continue.
A new decentralized network that transcodes videos is attracting a lot of investment. Transcoding can be extremely expensive, but Livepeer’s decentralized model allows people to contribute their computer’s processing power. Those individuals earn LPT tokens in reward, and companies are able to significantly reduce their video streaming costs.
A metaverse token attracted a lot of attention after the rebranding of Facebook to Meta. Metaverse is offering a huge investment opportunity and that’s why everyone wants to get their piece of the pie.
In my opinion, seeing the expected growth of metaverse space everyone should stick with the big player like SAND.