2021 started with a padlock and ended with a slight pullback. However, according to the analyst behind a channel called Altcoin Daily, which has over a million followers on Youtube, some altcoin projects continue to make big moves and may experience padols. As Kriptokoin.com , we provide the details…
At the top of the list, the leading altcoin Ethereum
Although the analyst mentions Bitcoin, there are 9 altcoins in the list. taking. First comes Ethereum. In Ethereum 2.0, the deposit contract exceeded 30 billion. The deposit contract allows users to transfer funds from the mainnet to the Beacon Chain, the proof-of-stake network. Any amount of money that goes into the Ethereum 2 deposit contract cannot exit in the short term. Since EIP 1559 went live, 1.44 million ETH has been burned. The ETH 2.0 transition process, which is expected to be completed this year, and the features that will come with it are expected to make ETH deflationary.
The next project was Uniswap (UNI). Uniswap is a popular decentralized trading protocol known for its role in facilitating automated trading of DeFi tokens. Uniswap has recently been deployed to Polygon (MATIC). Uniswap v3 has reached a total value of $45 million in kilodollars.
Altcoin Daily’s list also includes Polygon (MATIC). For the upcoming „layer-2 wars“, the project is in an excellent position right now, according to the analyst. Mentioning that MATIC already has liquidity, the analyst points out that there is a large community and institutional support behind the project. With all this, he thinks that 2022 may be the year of layer-2 and Polygon.
Two altcoins and game projects stand out
The next altcoins mentioned were Immutable X (IMX) and Gods Unchained (GODS). Immutable X positions itself as the first layer-2 scaling solution for NFTs on Ethereum. Gods Unchained is a free-to-play tactical card game that gives players true ownership of in-game items.
Magic The Gathering: Directed by the former game director of Arena, the game focuses on a competitive environment; This means that players must strategically outsmart their opponents by creating decks that can tackle a wide variety of tactics. Now Immutable X; They are collaborating as they secure Gods Unchained to make this game fast, easy, cheap and secure on the Ethereum Blockchain.
Analyst highlights cryptocurrencies that offer physical advantages
On the other hand, Tezos (XTZ) is the next altcoin on the list. Tezos is a Blockchain network based on smart contracts, not much different from Ethereum. However, there is a big difference: Tezos aims to offer a more advanced infrastructure. Tezos is doing big things in Tezos that make a difference in NFTs along with the physical wear advantages. GAP is launching Tezos-based NFT collections. Some of the NFTs will be limited edition physical hoodies.
The next project is Helium (HNT). Helium Network stands out with more than 450,000 hotspots. Helium is growing steadily as it is seen as a 5G alternative in the age of the internet of things. According to the analyst, Helium is a quality and VC-backed project. Helium is the public blockchain created to promote the creation of fully physical and decentralized wireless networks.
EGLD and dYdX were also listed
Elrond (EGLD) was the next project mentioned. Elrond is a Blockchain protocol that aims to offer extremely fast transaction speeds using sharg. The project describes itself as a technology ecosystem for the new internet that includes fintech, DeFi and the Internet of Things. Elrond announced that it has acquired Utrust, the leading crypto payment provider of the network. Utrust has integrated EGLD. The analyst points out that in this case, more than ten thousand businesses could indirectly accept EGLD.
Finally; There is talk of dYdX (DYDX), a decentralized exchange platform for trading assets like Bitcoin, Etherum, Solana. The exchange is made available on layer-2 Ethereum for instantly resolved and inexpensive transactions. The project comes to the fore as it attaches great importance to decentralization.