Top 3 cryptocurrencies with growth potential

In the cryptocurrency market, cycles are reflected in bitcoins, which were the first cryptocurrency created and truly decentralized. Thanks to bitcoins, other cryptocurrencies were born, the so-called altcoins.

We are currently in the largest bullish cycle in terms of time compared to previous cycles. Let’s take a look at the most promising altcoins for years to come. They are part of the third generation of cryptocurrencies, representing the first generation bitcoin and the second generation Ethereum.

Solana (SOL)

Solana has a platform similar to Ethereum that allows you to create decentralized applications (Dapps), NFTs, games and more, its token is SALT…

Launched in March 2020, Solana uses a consensus protocol Proof of History (PoH), distinguishes it from Proof of Stake (PoS) like ETH 2.0 (in transition) or Proof of Work (PoW) as it uses bitcoin.

SOL traded at about $ 3.5 earlier this year, reaching $ 255 today, a 7185% increase in less than a year.

An interesting feature of Solana is that apart from working on several sets like Decentralized Finance (DeFi), they are very present in games, one of them being the most famous. Star Atlas, a metaverso The virtual NFT game, created inside Solana, will only be released in 2022, which could have a big impact on the price of SOL in the coming months.

Even though Solana is new to the market, there is still a lot to create and improve, but it has a great future ahead, especially for its applications.

Polkadot (DOT)

Polkadot has separate blockchains called parachains (parallel blockchains) and a core blockchain called Relay Chain in order to facilitate the exchange of information and thus the ability to develop more powerful services and applications.

Launched in 2020, the consensus system is NPoS (Nominated Proof of Stake), similar in many ways to PoS (Proof of Stake), the mechanism used by a cryptocurrency like Cardano.

Earlier this year, the DOT cryptocurrency was trading at about $ 10, now in November, just a few days ago, it reached a value of $ 56, which is 460% more than in a year, today it is in 8th place. highest market capitalization – US $ 49 billion.

Despite the short time on the market, it looks promising, and it is definitely a project to follow in the long term, more and more applications will appear, and this will increase the usability, but at a price.

Cardano (ADA)

Cardano has a smart contract based platform and allows the development of dApps (decentralized applications) as each platform has its own token, in this case ADA.

Launched in 2017 by Charles Hoskinson, co-founder of Ethereum and BitShares, the cryptocurrency uses it as a consensus protocol. PoS (Proof of Stake), an English term for proof of participation.

In the year of launch, it was worth close to 0.02 US cents and reached 0.6 US cents in December at the end of 2017, but its highest price was in January 2018, breaking an all-time record of $ 1.32. …

This January THERE IS traded at $ 0.35 and fell to $ 3 in September, grew by almost 1000% in just 9 months and reached a market capitalization of about $ 95 billion.

Today, Cardano (ADA) is trading at about $ 2 and is ranked as the 6th largest market cap with a total market value of $ 65 billion, according to the CoinMarketCap website.

A lot of people are betting on Cardano, and for sure, once the applications are launched in it, it will have a much higher rating, and this is a good project for a long-term portfolio.

Competitors?

While they all compete with Ethereum, the second largest cryptocurrency in terms of market cap and usability, they can be a very good alternative in terms of scalability and transaction fees.

Of course, Ethereum is already consolidated in the market, but this does not mean that people in the future will not choose better alternatives, such as the ones that these altcoins promise.