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The dog-themed coins and tokens of the cryptocurrency market were the highest performers in the 2021 bull run. While Dogecoin (DOGE) exploded thanks to tweets from Tesla CEO Elon Musk, Shiba Inu (SHIB), which donated half of its supply to Ethereum founder Vitalik Buterin, quickly became popular and at one point joined the top 10 cryptocurrencies. However, SHIB and DOGE should be forgotten, according to crypto analysts Katie Brockman and Chris Neiger. Analysts are evaluating these 4 altcoin projects for the long term.
4 altcoins to surpass SHIB and DOGE
The first of the analysts’ long-term guarantees is Ethereum (ETH). The leading altcoin project is a technology that developers who want to create DeFi applications can apply. In addition to its potential in DeFi, traditional finance companies are also adopting Ethereum for their own use. For example, Mastercard recently partnered with a software company that uses Ethereum so the two companies can help build the “future of commerce,” and Visa expanded its services late last year to include cryptocurrency payments directly on the Ethereum Blockchain.
Other advantages to mention in Ethereum are the more environmentally friendly future of Blockchain, according to analyst Katie Brockman. With the transition to PoS with ETH 2.0, Ethereum is expected to consume 99.95% less energy. At the same time, ETH will reach 100,000 transactions from 14 transactions per second. With the highly anticipated update, developers and users get lower transaction fees. All in all, this year, Ethereum could see a huge spike as it continues to move into PoS upgrades.
Cardano (ADA), Solana (SOL), and Avalanche (AVAX)
Solana and Avalanche 2021 tier one stars from Katie Brockman’s roster. SOL is capable of processing 65,000 transactions per second and also dApp developers and NFT platforms prefer Solana. Solana is thus seen as the strongest Ethereum competitor. According to the analyst, while the Ethereum upgrade could open its way to its competitors, with its high transaction speed, Solana will have plenty of room for development. Avalanche (AVAX), on the other hand, is one of the original first-layer Blockchains that offers its own consensus mechanism and is valued at 3,000% in 2020. AVAX also has superior smart contract capabilities and low costs.
Finally, Cardano (ADA) from Chris Neiger’s list, although less well known than Bitcoin and Ethereum, is still one of the top cryptocurrencies by market cap and currently ranks sixth at almost $40 billion. The intriguing thing about Cardano is that it can be one of the fastest blockchains on the market. For example, currently Cardano can process 250 transactions per second compared to Ethereum’s 30 max. cryptocoin.com The Cardano network is in the third phase of a five-step plan to expand its capabilities. This expansion could happen this year or 2023, and when completed, it will become an even bigger competitor for Ethereum.
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