Lock on DOGE and These 5 Altcoin Projects in Q4!

Here are 6 altcoin projects that experts followed when Q4 started. As investors enter the fourth quarter, altcoin projects to watch include Avalanche, Boost, and Polygon. Investors will sharpen their focus on real-world applications offered by blockchain networks. The overall cryptocurrency market cap is again approaching $2 trillion. cryptocoin.com You can see more news, comments and analysis on its pages.

Altcoin analysis from analysts for the fourth quarter

Growth around non-tradable tokens (NFT) and decentralized finance (DeFi) helped drive prices of some altcoin projects in the third quarter, and investors are looking for the next breakout as the fourth quarter begins. The global cryptocurrency market is approaching $2 trillion again as the prices of Cardano’s ADA, Solana (SOL) and other altcoin projects soar, and Cardano (ADA) is currently the third most traded cryptocurrency.

Ed Moya, Oanda’s senior cryptocurrency analyst, told Insider that in the coming months, investors will sharpen their focus on the benefits and shortcomings emerging from the recent speed and efficiency upgrades in key altcoins’ blockchain networks. “Everyone is focused on which altcoins will address the scalability concern you have with Ethereum and Bitcoin,” said analyst Ed Moya. Analisy Moya added, “People need to understand which businesses will be leading in NFTs or smart contracts or other operations. I think the market is here and training takes some time. The industry is ripe for consolidation.” Here are six altcoin projects that experts told Insider to watch in Q4 and beyond (in alphabetical order):

1) Avalanche (AVAX)

Market Cap: Over $14.5 billion. Year-to-date performance: up 54% to $65.94. Developed by Ava Labs, the blockchain is a smart contract platform for decentralized applications, and the AVAX token began trading on Coinbase Pro last week. “Avalanche wants to be much faster and even faster than Ethereum, which is great because I think it’s very important when it comes to finance and DeFi projects and applications,” Allnodes head of business development Tally Greenberg told Insider. Tally Greenberg, head of business development at Allnodes, continued: “It’s basically a promising technology that does more for less.” He further added that he uses a proof-of-stake system that is more energy efficient than a mining-based proof-of-work.

Steve Ehrlich, founder and CEO of cryptocurrency-asset broker Voyager Digital, told Insider that he sees Avalanche as a viable alternative to Ethereum. “As soon as you start adding some projects and arts to NFT networks, you will start to see a lot more consumers buying and selling NFTs,” he said on Avalanche. Analyst Ehrlich went on to say that besides Avalanche, solana (SOL) and cardano (ADA) are cheaper alternatives to Ethereum, which has high fees to transact.

2) Boost Coin

Fully diluted market cap: around $53 million. Year-to-date performance: 293%. Launched in August, Boost Coin fuels the Boost ecosystem focused on decentralized financial instruments. A decentralized exchange, Boost Swap is a notable crypto element with similarity to crypto exchanges such as Uniswap, SushiSwap, and PancakeSwap. Decentralized exchanges or DEXs offer a peer-to-peer platform where parties use smart contracts to execute their transactions and do not rely on intermediaries such as clearinghouses.

Monsoon Blockchain CEO Dr. “There is a lot of value in the stock market,” Don Basile told Insider, and this was partially highlighted in this year’s trading outlet for Coinbase, now a $48 billion centralized crypto exchange. Boost Coin’s approach to connecting buyers and sellers without a centralized presence is a “potentially disruptive idea,” said analyst Don Basile. Boost can be obtained by exchanging Ethereum using Uniswap or Boost Swap. However, analyst Basile said that as the coin is only a few weeks old, it is too early to tell whether its price is undervalued or overvalued. Meanwhile, Basile Coin is also the founder of Bitcoin Latinum, which is expected to start trading around the week of October 21.

3) Cardano (ADA) another altcoin project

Market Cap: Around $69.3 billion. Year-to-date performance: $2.16, up 1092%. Cardano’s profile and that of the ADA token have exploded in recent months. The network performed the alonzo upgrade last month, which brought smart contract capability to its network, and this has been interpreted as a move that could boost its competitiveness with Ethereum in crypto markets. “Many of our customers have a lot of Cardano (ADA) on our platform, so we are seeing a huge increase in interested people,” said analyst Ehrlich. And having recently been introduced to the “pretty cool” art built on Cardano, he thinks the network will soon make some progress in the NFT space. Analyst Moya sees a large number of investors mixed in Cardano ADA after its price hits $3. However, he adds, “There are still many institutional players who see it as an interesting altcoin project to hold onto.”

4) Next up, Crypto.com Coin CRO

Market Cap: Around $4.2 billion. Year-to-date performance: $0.16531, up 183%. Crypto.com is a cryptocurrency exchange and consumer financial services company that owns Coin, which acts as a token for the chain of Crypto.com, a decentralized open-source blockchain launched in March. Crypto analyst Greenberg, who thinks CRO is undervalued, said that CRO is used for staking, payments and settlements. “It is used on a daily basis,” he said, adding that it is the sustainability goal of the chain network to be carbon negative by next year.

5) Dogecoin another altcoin

Market Cap: Around $27.3 billion. Year-to-date performance: $0.2064, up 4307%. Analyst Moya from Oanda put the hugely popular meme coin on his watchlist to see if it finally crashes, and he thinks it will actually be a positive sign. “There are too many cryptocurrencies that don’t have funding, don’t have the infrastructure to be a legitimate investment,” the analyst said. “It is difficult to switch from meme crypto to legitimate crypto,” he continued. Tesla boss Elon Musk backed billionaire investor Mark Cuban’s claim in August that dogecoin is the strongest cryptocurrency as a medium of exchange. Cuban’s NBA team, the Dallas Mavericks, accepts dogecoin as a means of payment.

6) Polygon (formerly MATIC)

Market Cap: Around $7.6 billion. Year-to-date performance: $1,236, down 27%. Polygon is designed to scale Ethereum chains and improve the infrastructure of the blockchain. It caught the attention of Mark Cuban, who added the platform to his investment portfolio earlier this year. Originally called Matic, Polygon created the Matic token, which is used for transactions on the network. Matic is also among the nearly 40 altcoins on Allnodes’ Greenberg’s watchlist. The analyst sees Matic as undervalued as it has low network fees and enough volatility to benefit transactions. Analyst: “For those looking for a less aggressive investment strategy, there is a betting opportunity. That’s why it’s a versatile blockchain and cryptocurrency.” Polygon uses a proof-of-stake system to secure a cryptocurrency network where users put forward or “bet” some of their cryptocurrencies to verify transactions and earn more money in return. Analyst Greenberg said users have recently been able to get an annual return of 13.65% on their investment, which is “huge”.

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