An analyst shared 3 altcoin projects that he thinks could see wider adoption and thus a wider rally in 2022, and shared the latest developments in the network. cryptocoin.com We are giving the details as…
Analyst thinks 3 altcoin projects will rise in 2022
Analyst Jordan Finneseth took a look at the top-performing Layer-1 protocols in the fourth quarter of 2021 and concluded that the partnerships, investments and protocol enhancements these networks established will benefit coins in 2022. The first altcoin that the analyst drew attention to was Algorand (ALGO). Algorand (ALGO) is a PoS layer-1 network designed to be self-sustaining and highly scalable so that it can handle heavy compute loads at minimal cost. In Q4, the protocol launched the Algorand Virtual Machine, which enables decentralized applications (DApps); This means DeFi and NFT projects can now run on the network. According to the analyst, the 150 million ALGO Viridis Fund is also one of the important developments in the network.
According to Finneseth, the second coin to experience deep adoption in 2022 is Tezos (XTZ). Tezos (XTZ) is a flexible PoS Blockchain designed to evolve over time without the need for hard forks. Looking at the developments in Q4, traditional financial institutions such as Arab Bank Switzerland partnered with the protocol to launch staking, trading and custody services for the project’s native XTZ token. On December 7, the project made headlines after expanding the NFT ecosystem by partnering with Ubisoft, a major gaming company. On December 15, Rarible, a popular NFT marketplace, also announced the integration of Tezos Blockchain into its ecosystem.
The last noteworthy altcoin was Elrond (EGLD). Elrond (EGLD) is a Blockchain platform for distributed applications and enterprise-level businesses with the goal of being the technology ecosystem for the “new internet”. Prior to the launch of the liquidity program, the price of EGLD has soared thanks to its growing use as a form of payment, including a partnership with Romanian music festival Untold, which has announced that tickets for the 2021 festival will be available.
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