Altcoins to Watch as Bitcoin and Ethereum are considered safe bets when investing in the crypto market, current geopolitical tensions have made them take a breather. This has shifted investor’s attention to explore other available assets. These are smaller but utility driven projects which if given a chance can rise and shine (literally).
Let us have a look at four such coins to keep an eye at while the crypto market comes out of its troubled time.
Chainlink (LINK) : Enabling Real-World Connectivity
Chainlink was once considered a DeFi oracle, however such is not the case anymore. It has emerged as a key player by providing smart and secure data feed, cross chain communication and tokenization of real world assets. Irrespective of market volatility because of geopolitical tensions,Chainlink has been able to pull integration by institutions like SWIFT and DTCC. They are also expecting expansion of CCIP across major chains in the coming future. Staking v0.2 is also all set to roll out. This will also enhance their network value and utility.
Toncoin (TON) : Telegram’s Blockchain is Rising
Originally developed by Telegram’s team, this token has transformed into a fastest growing Layer 1 blockchain. It has been backed by a massive user base and has over 90million active users. Toncoin is quickly raising its game by launching dApps, building an ecosystem around games and payments. Their efforts can be seen getting benefitted by increased wallet usage, developer activity and native support their mini apps receive.
Arbitrum (ARB) : The Leading Ethereum Layer 2
Ethereum can come out as a slow and expensive measure for institutions looking for a quick resolution. That’s where Arbitrum comes into picture. It offers faster, cheaper transactions with profound security. It allows institutions to build and run their smart contract easily and efficiently. Thanks to its DeFi ecosystem and high speed infrastructure, it has come out as a long term solution.
Sui (SUI) : High-Performance Layer 1 for the Future of Web3
Sui has been a topic of discussion for its building team of former Meta engineers. It is a high performing layer 1 chain build using move language. It focuses on speed, scalability and is ideal for gaming, NFT and DeFi. Investors are looking beyond Ethereum’s limitations. They want projects like Sui offering a clear cut approach along with a room to grow.
Although there is no denial that Altcoins to Watch as Bitcoin and Ethereum are the essence of the crypto market, however we cannot rule out the requirement of infrastructure and scalability. For these two along with mass adoption will drive the next wave of crypto growth. Projects like Chainlink, Toncoin, Arbitrum and Sui are in a good position to play an essential role in the next phase of crypto adoption.
Disclaimer for Altcoins to Watch as Bitcoin and Ethereum:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to volatility and market risk. Do your own research before making an investment.
