Many crypto investors have waited several years for this, but this one Experts called it – A new altcoin season is just around the corner. After seeing record inflows into Bitcoin, followed by a surge in Ethereum, where it outperforms BTC, we can now expect investors to start moving funds into other large and small-cap assets.
Even in an emerging altcoin market, some assets will always outperform others. Fundamental analysis comes into play in determining which markets will outperform. Projects with a high chance of gaining user acceptance and keeping it long-term offer some of the best opportunities for healthy returns.
Here are seven tips for altcoin projects that look promising in 2021.
The crypto craze is showing no signs of slowing down. After a record start to the year for Bitcoin and Ethereum, altcoins like Litecoin, Stellar and Cardano have rebounded. Many speculated that the BTC bubble would burst earlier this year, creating negative waves in the altcoin market and triggering a similar mass sell-off 2017. But the opposite happened.
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Stories like DOGE’s ride to the moon and Tesla is new Investment of $ 1.5 billion In BTC, it was only good news for altcoins. Global attention to Bitcoin has raised market awareness for other tokens.
There are many people who feel that they are late for the bitcoin game and accordingly turn their attention to altcoins. Fortunately, the continued interest in cryptocurrency has resulted in some exciting alternatives to BTC. With so many projects available, it can be difficult to identify the most promising altcoin projects – unless you know what to look for.
This is where financial analyst Luis Aureliano comes in. An MBA in Economics and Management and more than 15 years of industry experience has helped him build expertise in macroeconomics, equities and emerging markets. Luis believes the crypto market has never been so promising:
The story goes on
“Altcoins have usually rallied behind Bitcoin on bull runs in the past, but there are plenty of innovative altcoin projects out there that may outperform Bitcoin’s growth in the years to come. The growing interest of private investors in cryptocurrency and the introduction of new crypto models by financial institutions have created the perfect environment for this.
“With larger swaths of the economy recovering from the damage caused by the coronavirus pandemic, altcoin projects and blockchain technology are perfectly positioned to accelerate the market’s move toward a digital future,” said Aureliano.
These are Aureliano’s top altcoins to watch out for in 2021:
Elrond was launched in 2020 on Mainnet as a blockchain platform, which, thanks to its unique sharding mechanism, offers very high transaction speeds of up to 100,000 per second. Many other solutions simply divide the network into groups of nodes to process transactions that are specific to their shard.
However, Elrond takes a more holistic approach called Adaptive State Sharding. It groups nodes into shards and the transactions and blockchain data, taking into account the number of available nodes and network usage. This approach increases throughput significantly without sacrificing decentralization.
The value of the Elrond token EGLD recently exceeded the market capitalization of $ 1 billion. The platform has more than 90,000 active accounts, over 2,000 reviewers on the network, and has integrated 115 companies and startups into building decentralized applications. The project team doesn’t stop there, however. sketch out ambitious plans for 100 days of hypergrowth in 2021 and aiming to have an additional billion users on board.
2. Reef funding
The DeFi landscape exploded last year. The total is locked and the number of uses increases exponentially. As a result, and somewhat paradoxically, this “open finance” sector now has many more barriers to entry for newcomers than even its traditional counterpart.
Therefore, Reef financing was designed as a cross-chain DeFi operating system for newbies who want to explore decentralized financial opportunities. The aim is to democratize access to DeFi by keeping the technology separate from the user experience and creating a more beginner-friendly environment where users don’t have to understand the full ins and outs to participate.
The project offers users various functions. It serves as a liquidity aggregator and return engine that provides smart lending, lending, equity investment and mining services. It has already partnered with Manta Network to pull in Manta DEX’s liquidity.
The Reef token offers various perks and benefits, including governance stake, stake, revenue sharing, and also acts as a currency for paying fees.
3. blood cell
Blood cell is a decentralized data storage network for blockchain-based applications. So far, the number of dApps they can use a blockchain for has been limited as the issuance of tokens and transactions take place in the chain while the storage of data related to the dApp remains out of the chain. The reason for this is that storing data on a blockchain like Ethereum is prohibitively expensive.
As a result, most developers use centralized storage solutions like AWS. However, this means that dApp data does not benefit from the security and censorship resistance of blockchains.
Bluzelle overcomes this problem with an interoperable, decentralized database in which participating nodes provide their storage capacity for the network. In return, they are entitled to part of the fees paid by those who use storage – fees that are far more competitive than those charged by centralized data storage companies. The BLZ token, with which the Bluzelle ecosystem can be accessed, is already available on leading exchanges.
Bluzelle is to be launched on February 3rd on the mainnet. The project has already set up a collaboration with the Web3 Foundation to provide services to dApp developers on Polkadot.
Shamrock is a polkadot parachute offering an all-in-one DeFi platform powered by Bithumb Global. Developers can contribute to modules and applications so there is less need to repeat to recode the same functionality for different applications. In addition to the open platform, Clover also plans to roll out several in-house applications with standard features such as decentralized token swaps, lending and wallet.
The CLV token is a utility and governance token that is used to stake out and participate in decisions related to the platform. CLV token holders are also entitled to part of the fees paid by users of the platform.
Although the project is supported by Bithumb, Clover is intended to be an open ecosystem that actively seeks to collaborate with other partners, including exchanges, outside of Bithumb. Bithumb will provide a custody solution for cross-chain transactions where cross-chain transfers are not possible. For example, Clover is compatible with the Ethereum Virtual Machine and enables trusted two-way connections between ERC-20 and DOT assets.
Elastos is billed as a secure, tamper-proof decentralized operating system for the Internet. It acts as a layer between decentralized applications and the Internet. Therefore, applications are not exposed to the risk of malicious attacks associated with the internet connection. In addition, the user must review all communication and ensure that the app cannot connect to an untrustworthy source without express consent.
The platform already operates a main chain and several side chains dedicated to providing solutions for dApps. The main chain takes care of trust, security and payments with the ELA token which is merged with BTC and which has over 50% of the Bitcoin hash rate. There is also a side chain for digital identity and an EVM compatible side chain for smart contracts.
Elastos recently joined Hedera Hashgraph and ConsenSys as part of an exclusive group of blockchain projects working with the World Economic Forum. The group known as the Global Innovators Community aims to use technology to create global change.
6. Rocket Vault Finance
Rocket Vault Finance is an innovative project that uses artificial intelligence and machine learning algorithms to manage investor funds for consistent returns. Users participate by putting their money in an automated smart vault that oversees hundreds of cryptocurrency assets on global exchanges, including Binance and Uniswap. It identifies tokens with upside potential and those that pose a potential risk of loss. It continuously balances invested funds and takes profits at an optimal level.
The profits flow into a smart treasury contract programmed to pay out stable coins to investors on a quarterly basis. Part of the profit is also reinvested in order to use the effects of compounding.
The project team has been testing the technology for over a year and states that based on testing, investors can expect an average of 100% APY. Retail investors can benefit from low fees by holding the RVF token. This is a utility that ensures that some of the token offering is always withdrawn from circulation.
Rocket Vault Finance will launch in public beta in the first quarter of 2021.
7. Orion Protocol
Orion Protocol is a liquidity aggregator that aims to collect all of the liquidity in the cryptocurrency markets in one place. Due to the rapid growth, the cryptocurrency markets have become a very fragmented market, with liquidity spread over hundreds or even thousands of trading venues. Furthermore, the most liquid platforms are still centralized cryptocurrency exchanges, where users have to entrust their money to a small handful of people.
Therefore, the Orion Protocol aims to consolidate all liquidity on centralized and decentralized exchanges into one decentralized platform. Since current liquidity aggregators like 1 Zoll only benefit from decentralized exchanges, Orion currently occupies a unique position in the market with a first-mover advantage.
Since the Orion protocol is decentralized, it is also non-custodial, which means that users do not have to trust an intermediary with their money.
Last summer, the project raised $ 3.5 million for a token sale synchronized The Orion Protocol has already launched its Orion Terminal, a B2C offering. A B2B portal and a price oracle will be launched shortly.
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