Bitcoin tends to lead during bull runs. Other cryptocurrencies usually follow. According to crypto analyst Victor from the Altcoinbuzz team, there will be a lot of Bitcoin profits flowing into altcoins. The first altcoin projects to gain a share of this are usually in the top 100. The expert shares 5 tokens with this potential.
First ranked altcoin: Celestia (TIA)
Our first pick of today’s altcoins is Celestia (TIA). There are loud rumors that TIA is the SOL of this bull run. To put this in perspective, SOL went from $28 in July 2021 to $259 in November 2021. Let’s call this 10 times for simplicity. Currently TIA is at $13.18. After TGE, it rose directly to #42 in the top 100 list by market cap. So, multiplying it 10 times would bring it to around $130-140. It wouldn’t surprise me if he does better.
So what is Celestia? A modular Blockchain. This means it outsources certain tasks. It outsources other layers. It breaks everything down into smaller pieces. He can exchange or replace them. Thus, unlike the monolithic Blockchain, it completes these tasks on its own. As a result, a modular Blockchain is fast and scalable. Developers can also easily customize the modular Blockchain. The altcoin saw an airdrop just a few weeks ago, in early November. Now he seems to only know one way. This is up too!
Avalanche (AVAX) comes in second place
Avalanche is one of the so-called Ethereum killers. However, I doubt that any particular Blockchain can ‘kill’ Ethereum. However, it doesn’t hurt to have plenty of cheap and fast alternatives around. Avalanche is such an alternative. I prefer to use these alternative blockchains such as Solana and Avalanche.
cryptokoin.comAs you follow from , Avalanche’s native token, AVAX, has experienced a boom recently. It rose from $10 in October to $42 on December 12. This is an easy 4x before the bull run is in full swing. Its ATH was $144 2 years ago. In other words, it will have increased 14 times as of October. And this altcoin is deflationary!
So why is AVAX soaring? There are two words for this, institutions and game. Three different banks mentioned Avalanche and the Avalanche Evergreen Sub Net. These are JP Morgan, Citi and Bank of America. When it comes to gaming, Avalanche seems to have become a haven for Blockchain games. Currently, DeFi Kingdoms has the largest market cap at $55 million.
Next altcoin: Cosmos (ATOM)
Cosmos is layer zero for this ecosystem. All other layer-1 Blockchains are built on Cosmos. Cosmos Center provides the infrastructure. Together they form the IBC or the Internet of Blockchains. The regions map currently shows 73 regions, with more coming. The Cosmos ecosystem is on fire right now!
TIA, KUJI, INJ, AKT and OSMO have all risen up to 60% in the last 7 days. ATOM seems a little lacking. The altcoin is up only 13% in the last 7 days. However, he has made a move recently and I wouldn’t be too surprised if this is just the beginning. Recently, we saw the administration approve proposal 848. This reduced inflation from 18% to 13%. However, this is also when ATOM starts to move. Keep your eyes open for potentially more green candles here.
We continue the list with Ordinals (ORDI)
You may have heard of Ordinals. In other words, written Satoshis. Indeed, the smallest BTC dominance. They turn them into NFTs by writing them down. However, they are also a cryptocurrency. Also, you need a special wallet for them. A wallet that can distinguish between a written Satoshi and a ‘normal’ Satoshi. You don’t want to accidentally send your precious Satoshi to someone else.
It is possible to write 2.1 quadrillion Satoshi with the Ordinals protocol. So there’s still plenty of room to maneuver. Ordinals and various other written Satoshis are about to explode. Ordinals are the OG NFTs in Bitcoin. It is also the first BRC20 token to break the $1 billion market cap barrier. Meanwhile, ORDI has increased by 180% in the last 30 days.
Last ranked altcoin: Ronin Network (RON)
Ronin Network is a sidechain built on Ethereum. This is a gaming Blockchain. The company behind Ronin is Sky Mavis. They are also the core developers of Axie Infinity, for example. This is the most successful Blockchain game to date.
There is also the Ronin bridge. You may remember this bridge from the massive attack that caused 650 million dollars of damage. However, Axie said all victims would be paid. However, this is behind us and Ronin Network and its RON token are on the rise. The altcoin has seen a 113% price increase in the last 30 days. However, last year this rate was 503%. Blockchain gaming is one of many verticals during this bull run. However, it is a procedure that is expected to yield extremely good results. This could be just the beginning of a significant bull run for the RON token.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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