Based on the views of famous Bitcoin investor Michael Saylor, one analyst suggested that BTC is taking firm steps towards its $100,000 target. In this process, investing in Bitcoin altcoin Arguing that it will also have a positive impact on prices, the analyst shared the eight cryptocurrencies that will benefit the most from the rise of Bitcoin this year.
Ethereum (ETH) stands out as a cryptocurrency particularly highlighted by Altcoin Daily. Despite its high price, it is widely believed that Ethereum can be as effective as Bitcoin in strengthening an investment portfolio. The decrease in the supply of ETH on exchanges indicates that the selling pressure will decrease as investors move the tokens to private wallets. Additionally, when spot ETF applications for Ethereum are made, especially by large asset managers such as BlackRock, Fidelity, and Grayscale, the value of ETH is predicted to increase.
Solana (SOL) is another crypto asset highlighted by Altcoin Daily. He is seen as one of the brightest stars of this period with his strengths and contribution to the crypto ecosystem. Recent slowdowns on the network are, according to some analysts, an indication of Solana’s bullish potential because they reflect high usage on the network. As we reported as Koinfinans.com, it is predicted that SOL may reach new heights in a short time.
Cardano (ADA) and Polkadot (DOT) are other projects that stand out with their unique approaches and innovations in their ecosystems. ADA provides diversification in the crypto market, especially by using SDKs of platforms such as Polkadot and Cosmos. It is stated that Polkadot has an important catalyst with Polkadot 2.0, which will be released in about two months.
Chainlink (LINK) stands out for its potential to facilitate the tokenization of real-world assets. This allows Chainlink to play an important role in the crypto ecosystem. Additionally, emerging projects such as Tectum (TET), Tomi and AIT Protocol stand out with their innovative features such as instant transactions at zero cost, privacy-oriented solutions and artificial intelligence data infrastructure.
Source : The Crypto Basic