One of the biggest booms of 2021 was undoubtedly the Shiba Inu and Dogecoin. SHIB is at its highest year-on-year earnings at the end of October, with its value up more than 121,000,000% from where it started in 2021. Not surprisingly, these historic gains have made the Shiba Inu one of the most sought-after cryptocurrencies in many countries over the past year. In this article, let’s review 2 well-known altcoin projects from the Sean Williams list that could rival the Shiba performance in March…
2 altcoins that can be put on the radar of March instead of Shiba Inu
In March, one of the altcoin projects that stood out, according to Shiba Inu, is Avalanche (AVAX). As of March 2, AVAX has settled into the 10th largest cryptocurrency seat by market capitalization ($20.6 billion). Avalanche is a smart contract driven Blockchain network that facilitates and validates the negotiation of a contract between two parties and offers affordable transaction fees. One of Avalanche’s abilities is her speed. Thanks to its unique consensus mechanism, sending money, data or files takes two seconds and is very cheap compared to its competitors. You can compare this to payments-oriented Bitcoin (BTC) or Ethereum, where transaction finality averages 60 minutes and six minutes, respectively.
Meanwhile, the latest dApp protocol revenue data shows that developers are increasingly opting for the Avalanche network. According to TokenTerminal.com, Avalanche has brought in $41.6 million in dApp protocol revenue over the past 90 days. But based on $17.6 million raised over the past 30 days, the quarterly run rate is now closer to $53 million.
IOTA (MIOTA)
According to analyst Sean Williams, the second altcoin that can be safely bought in March to replace the Shiba Inu is IOTA (MIOTA). IOTA is an underused cryptocurrency with a market cap of just $2.2 billion. The hallmark of IOTA is the uniqueness and efficiency of its network, as well as practical, real-world applications. It achieves these capabilities with a directed acyclic graphics processor “Tangle”, which requires each new transaction to confirm the two previous transactions.
Another development that increases the demand for IOTA is the staking pools announced in December 2021. One of these new tokens, Assembly, will offer free smart contract-based transactions when its network launches later this year. All in all, one final reason why IOTA is a much more sensible buy than the Shiba Inu in March is its real-world use case. cryptocoin.com You can find the analyzes of 3 DeFi altcoin projects, which we have mentioned as the , which attracted attention during the current sales pressure period, here.
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