The crypto winter has brought extremely strong winds on the market. The altcoin market has shrunk by two-thirds since November last year. This led to a 70% drop from the peak prices of almost all altcoins, including Ethereum. Investorplace analysts are listing altcoin projects that have an opportunity to buy while prices are at this point.
Here are 6 altcoin projects approaching the opportunity zone
Ethereum is the largest smart contract platform in the market. More than just an exchange tool, it contains applications that touch the real world. The most valuable part is that it does this decentralized. On the other hand, the Ethereum network holds a head position in the NFT branch as well as dApps. It also continues to attract developers with its exceptional use cases. According to Electric Capital’s report, roughly 25% of developers flocking to blockchains prefer to work with Ethereum.
Solana was one of the altcoin projects that exploded in the bull of 2021. In a short time, it gained over 11,000% in value. However, its price has decreased by more than 90% due to the market conditions in the new year. However, it has an easier path to astronomical growth with its smaller market cost, adoption and adoption gains in its network.
The network’s robustness and cost advantages continue to attract new users to their platforms. Solana continues to grow its stake in the DeFi and NFT division each month. Thus, it gives less baht to ETH. In addition, Solana Labs continues to invest in startups that can turn into valuable growth catalysts, such as Solana Shares.
Sandbox is one of the Ethereum-based metaverse platforms. You need SAND tokens to process in this virtual world. The platform derives most of its revenue from virtual land sales. Also, legendary rapper Snoop Dogg has started a collaboration with Sandbox. Platform attracted more than 300,000 visitors during the second period of ‘Alpha’ events
Sandbox plans to launch its first virtual gigs and portable versions this year. Therefore, Sandbox always has a place on the list when it comes to the metaverse at stake.
At the heart of Polkadot is the idea of bridging different networks. Developers can get all the features they need from Polkadot, avoiding scaling and slow process times. Polkadot is still in its infancy with new developments added weekly. The main aim of the project is to be one of the most innovative projects of the Web3 era. In the middle, Polkadot recently came to the fore with the news of a breakup. Koindeks.comAs you follow, Solidity inventor Gavin Wood has announced that he is leaving the project.
Cardano (ADA) is the largest PoS Blockchain in the market. However, it processes more than 50,000 processes per day. It has recently exceeded 50 million processes in the network. Forward-looking, the group led by Charles Hoskinson plans to become the leading financial operating system globally. On the other hand, Cardano is arguably one of the most valuable Blockchain projects in the African continent. Also, with the Hydra update, it increases the network capacity from 250 to 1,000,000 per second. ADA is a slow-running tool designed for long-term investors. Therefore, there is a lot to gain for investors looking to invest in a long-term horizon.
Polygon is a Layer 2 Blockchain that works with Ethereum as a side chain to significantly increase scalability and costs. Since its inception, Ethereum has been grappling with congestion and sometimes skyrocketing prices. However, MATIC essentially streamlines the process by processing Ethereum’s processes and adding them back.
Some experts believed that ETH’s 2.0 update could end Polygon. However, ETH’s developers plan to work “synergistically” with Polygon to reduce network congestion and increase TPS. ETH plans to become a valuable player in the internet of the future with Web3.0. That’s why he needs to significantly increase his TPS. It can handle 1,280 TPS even after sharding, which can jump to 7,000 TPS with Polygon.