In this article today, I’m going to give you six different altcoins that I have on my radar, and you should watch out for them as they have the potential to go parabolic.
There are so many great opportunities in the cryptocurrency market right now. And in fact, there are opportunities every day in the crypto world.
We have seen coins had all-time highs while both Bitcoin and Ethereum have been going sideways and not doing much. And if there’s a cryptocurrency that you would like me to discuss in the next article, let me know in the comments below, and we’ll make it happen.
So with that being said, let’s get into it.
Now, first, on the list, we have Solana.
Since the beginning of August, the price of Solana has increased by almost 100 percent and given at the spot of the 10th largest cryptocurrency by market cap.
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Solana reached an all-time high of 80 dollars on august 18th, and the Solana network currently has almost 400 projects in the crypto world initiatives like ChainLink and USDC are some of the very well-known projects. But one of the reasons why Solana is attractive to many investors, including me.
Is that Solana is one of the most quickly programmable blockchains in the crypto world. İf you’re not sure what a programmable blockchain is, what blockchains that can be programmed are on another level.
They can store smart contracts, which are small bits of code, for example, when the criteria of the agreement are met. They can be configured to do specific activities.
Now Solana is a blockchain that is programmable and can run on various decentralized applications. The founders worked for semiconductor giant Qualcomm and dropbox before starting Solana. Another advantage is that you should stake your soul to earn interest if you want to buy and hold. Staking it’s important for the network’s validity and security, and token holders can receive incentives by staking their currencies for a defined period of time.
Solana is available on several major exchanges, such as Coinbase and Binance.
Now second on the list, we have XRP.
Now the value of XRP increased when Ripple announced a new collaboration with GME. Not GameStop GME, a South Korean firm GME announced in a statement that its money transfer services will employ Ripple’s on-demand liquidity technology.
Now for those new to my channel XRP is a cryptocurrency that may speed up currency trades on the ripple network. It’s similar to why the Binance coin is so popular for buying other cryptocurrencies.
However, XRP may be used to trade a variety of fiat currencies and several significant cryptocurrencies. Its importance will only increase with time and unlike many of the cryptos out today. Fiat cash will be around for a while and as the globe becomes more linked and connected. The ability to swap your current currency for others will become increasingly important.
As a result, XRP is among the top 10 cryptocurrencies to consider investing in. Another thing to consider is that Ripple net is a payment solutions platform that allows money to flow freely via XRP over a public ledger.
Hundreds of financial institutions in 55 countries are already using XRP to simplify transactions.
Despite the fact that the concept is the basic bank of America and American Express is two of its most important clients. The startup behind XRP said on July 28th that it had formed a collaboration with SBI to remit japan’s largest money transfer service provider to allow cross-border payments using its digital currency. But one of the things that we need to watch out for us investors is that the sec securities and exchange commission has filed a lawsuit against Ripple, alleging that the company marketed XRP as unregistered securities in December 2020. Read More…
Categories: CARDANO ECOSYSTEM, CRYPTO 101 GUIDE, ethereum, POLKADOT ECOSYSTEM, SOLANA ECOSYSTEM
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