Bitcoin is slowly moving close to its all-time high range. What this also means is that the collective market cap of the ecosystem is improving too.
In fact, over the past few months of drawdown, the demographics of smart sellers – those who buy at the bottom and sell at the top – have mostly exhausted their selling pressure.
With Bitcoin holding forth over the $50,000-mark, the likelihood of a ‘let the price rip’ situation isn’t beyond realization.
ALTCOIN GEMS TO LOOK OUT FOR.
Vechain: A cryptocurrency with a block chain of its own, a behemoth, a sleeping giant with great fundamentals.
Vechain an enterprise blockchain solution designed to bring accountability, efficiency, and transparency to supply chain management, has been trending. VeChain’s native token, VET, made solid gains on the back of recent project developments.
Similarly, different analysts portrayed their bullish narratives around this token. For instance, consider this analysis by analyst Justin Bennet, who has been accumulating, irrespective of the FUDs against it.
Just recently, the VeChain Foundation is taking some major steps to make update to their network – the primary being Proof-of-Authority (PoA) 2.0. However, here’s the interesting part. To do so, the foundation is going through a voting process (VeVote) that will allow the community to decide to implement or reject the said update. If approved, the upgrade will enable blockchain VeChainThor to benefit from a high throughput capability.Nevertheless, this could see a new wave of block chain “mass adoption”, the announcement stated. This step will incorporate guaranteed data finality into the network to attract more companies and high-volume use cases without compromising its security.
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services.
The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot relay chain (explained further down).
Polkadot’s native DOT token serves three clear purposes: providing network governance and operations, and creating parachains (parallel chains) by bonding.
Other tokens include NEAR, CELO, ICP, 1INCH and a lots of others
Disclaimer: I am not a financial adviser as this content is written sorely for educational and entertainment purposes please endeavor to do your own research.