Ali Raza
Following the last six months of bear market price action, some crypto prices are close to finding a bottom – which altcoins are a good buy?
It has been six months since November 11th, 2021, when the bull cycle ended and many coins began a slow downtrend from their ATHs. The collapse of the Terra (LUNA) blockchain and its native coin, alongside its stablecoin UST losing its peg, caused many altcoins to sell-off even further.
Of course, just because LUNA crashed and is unlikely to recover, it doesn’t mean that the same is true for other coins. Some of the best altcoins could see high gains once the market finally turns around and flips bullish.
Top Altcoins for High Potential Gains
Here are five altcoins to watch:
1. Band Protocol
Band Protocol is a decentralized oracle network that collects information from multiple sources outside the blockchain and then delivers that data on-chain in order to feed it to smart contracts and enable them to reach their full potential. The project is a direct competitor to Chainlink, but it has the advantage over the older and more celebrated project, and that is the fact that it is based on the Cosmos network, which is much faster and more scalable than Ethereum, where Chainlink runs.
Cryptoassets are a highly volatile unregulated investment product.
2. Cardano
Cardano is not a new or unknown, but we still believe it deserves a place on this list because it has huge potential. It just launched smart contracts on its platform, right before the bearish market took over in late 2021, so while projects were rapidly coming to its network, its price never experienced the benefits of the network’s new features and capabilities. After half a year of price drops, it is in a perfect position to go to the moon as soon as the bearish influence lets go.
Cryptoassets are a highly volatile unregulated investment product.
3. Smooth Love Potion
Smooth Love Potion is a token that is earned by playing a metaverse game Axie Infinity. This digital asset was introduced to replace experience points, but as an actual cryptocurrency, users can withdraw it, trade it, and alike. It also has a unique use case within the game where it allows users to breed their Axies, depending on how many SLP tokens they hold. It is quite a unique cryptocurrency, but given Axie Infinity’s popularity, there is little doubt that the coin will take off alongside the game’s native AXS.
Cryptoassets are a highly volatile unregulated investment product.
4. Decentraland
Lastly, we have Decentraland, which is a metaverse project that many consider the oldest metaverse project in the industry. Decentraland offers users to purchase digital plots of land in its ecosystem and use it for virtually anything, from software development and gaming to organizing digital events and VR meetups. Its native coin, MANA, is definitely undervalued at the moment, which marks this as the best time to buy it.
Cryptoassets are a highly volatile unregulated investment product.
5. Baby Doge
Baby Doge is a new meme coin inspired by Dogecoin’s success. Like DOGE and other meme tokens, Baby Doge doesn’t really have any particular use cases. It is a simple utility coin meant as a joke.
However, it was also designed to be popular and cute, which is its advantage over others, why it has attracted attention, and why it could, in theory, skyrocket. We reviewed where to buy Baby Doge and whether it’s a good investment.
Altcoin News
- Top DeFi Coins are Biggest Gainers in Crypto Today
- Metaverse Altcoins for High Returns in June 2022
- Top Trending Cryptocurrency Assets
Lucky Block - Undervalued Crypto
- Listed on Gate.io, LBank, MEXC, PancakeSwap
- NFT Competitions, Jackpot Draws
- Powers Casino & Sportsbook Platform - luckyblock.com
- 10,000 NFTs Minted
- $2M+ in Prizes Awarded
This article was written for Business 2 Community by Ali Raza.
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