Analyst Announced: These 10 Altcoins Will Survive And Spike In The Next Cycle!

cryptocurrenciesis a fast-moving, dynamic industry where new projects and innovations emerge every day. However, not all altcoins can survive the test of time and market cycles. Some may get lost or outdated, while others may stand out and dominate the space.

In a new analysis, Bankless Senior Analyst Ben Giove shared his views on altcoins that will survive and thrive in the next cycle. Giove bases his predictions on a variety of factors, including fundamentals, techniques, adoption, innovation and community.

Here are the ten altcoins Giove believes will survive the next cycle:

1. FXS: The native token of Frax, a decentralized and algorithmic stablecoin protocol that aims to provide a scalable and unique alternative to fiat-backed stablecoins. FXS holders can stake their tokens to earn fees and rewards from the Frax protocol, as well as manage its parameters and future development.
2. MATIC: Native token of Polygon, a layer-2 scaling solution for Ethereum that offers fast, cheap and secure transactions. MATIC holders can use their tokens to pay gas fees on Polygon, as well as stake them to secure the network and earn rewards.
3. LEFT: Native token of Solana, a high-performance blockchain that claims to offer sub-1 second final transaction, low fees, and scalability up to 50,000 transactions per second. SOL holders can use their tokens to pay transaction fees on Solana, as well as stake them to validate transactions and earn rewards.
4. LDO: It is the management token of Lido, a decentralized liquid staking protocol that allows users to stake their ETH and receive stETH in return. stETH represents the user’s staked ETH and the staking rewards earned over time. LDO holders can use their tokens to vote on proposals and parameters related to the Lido protocol and receive a share of protocol fees.
5. RPL: Service token of Rocket Pool, a decentralized staking service that allows users to stake their ETH with minimum requirements and maximum rewards. RPL holders can use their tokens to join the Rocket Pool network as node operators or validators, as well as participate in the management and upgradeability of the protocol.
6. GMX: Management token of GMX, a decentralized perpetual trading platform that offers up to 30x leverage on various crypto assets. GMX holders can use their tokens to vote on recommendations and parameters related to the GMX platform and receive a share of the platform-generated transaction fees.
7. KISS: Optimism (OP) is a second-layer blockchain that sits on top of Ethereum. Optimism leverages the security of the Ethereum mainnet and helps scale the Ethereum ecosystem using optimistic rollups.
8. ARB: It is the native token of Arbitrum, a layer-2 scaling solution for Ethereum that leverages optimistic rollups to deliver fast, inexpensive and secure transactions.
9. IMX: Service token of Immutable X, a layer-2 scaling solution that offers zero gas fees, instant trading and carbon-neutral transactions for NFTs on Ethereum. IMX holders can use their tokens to access special features and benefits on Immutable X such as discounts, rewards, management rights and more.
10. UNI: Management token of Uniswap, the largest and most popular decentralized exchange (DEX) on Ethereum. UNI holders can use their tokens to vote on proposals and parameters related to the Uniswap protocol and receive a share of protocol fees.

*Not investment advice.