The cryptocurrency market has experienced significant growth and innovation over the years (And in recent times), with new categories emerging to revolutionise various industries, transform existing structures and infrastructure and also revamp traditional systems indoctrinated in the current institutions with the provision of real-world utility. As we anticipate the next crypto bull run, it is essential to identify promising projects across different sectors and ecosystems to take early investment steps.
Altcoins remain the call-point for new investors to make crazy profits with Bitcoin gradually becoming a store of value. One key investment principle is spreading one’s capital across several baskets to buffer loss and ensure a coordinated profit. In this article, we would be exploring the top 10 coins that have the potential to make rounds in the next phase of crypto adoption, with our focus on the diverse categories of cryptocurrencies including DeFi (Decentralised Finance), AI, Metaverse, and Web3.
Also read: What Is Leverage in Crypto Trading?
Decentralised Finance Sector
Decentralised Finance has gained traction as a disruptive force in the financial world, offering decentralised solutions for lending, borrowing, and trading with the removal of middlemen – thus restoring true ownership. Two leading tokens here are:
a) Uniswap ($UNI):
Uniswap is a decentralised exchange protocol that enables users to trade cryptocurrencies directly from their wallets. It has gained prominence in the DeFi space due to its liquidity provision and governance features.
The all-time high of the token in the previous bill market was $44. It is trading at $5 as of the time of writing, making its 88% decline in the outgoing bear market plus its DeFi utility a call for buys into the bull run and a new all-time high.
b) Aave ($AAVE):
Aave is a decentralised lending platform that allows users to lend and borrow cryptocurrencies without intermediaries. Its innovative protocol and focus on security have made it a leading player in the DeFi lending market. $AAVE, the utility token of the lending ecosystem once recorded an all-time high of about $667 and has plummeted to a low of $49.12. It is ranging at $61 and promises huge returns in the next bull run.
Artificial Intelligence Sector
Artificial Intelligence (AI) is another transformative technology that is finding integration with blockchain to unlock new possibilities. Here are two coins at the forefront of AI and blockchain convergence:
a) SingularityNET ($AGIX):
SingularityNET fuses AI and blockchain technology to create a decentralised marketplace for artificial intelligence services. It aims to democratise access to AI by allowing developers to share and monetise their algorithms on the platform. As a leading token within the artificial intelligence categories, it promises great returns as the price action of the token sits at $0.2295 at the time of writing.
b) Fetch.ai ($FET):
Fetch.ai is building a decentralised AI network that enables machines to communicate, collaborate, and perform complex tasks autonomously. With the use of the $FET token, the ecosystem aims to revolutionise sectors such as transportation, supply chain management, and energy. $FET is trading at $0.225 at the time of writing.
The Metaverse Sector
The concept of the Metaverse, a virtual reality space where users can interact and engage with digital environments, has captured the imagination of many. Here are two tokens essential for your bullrun portfolio are:
a) Decentraland ($MANA):
Decentraland is a virtual reality platform powered by blockchain. It allows users to own and monetise virtual land, create and trade digital assets/NFTs, and participate in immersive experiences within the metaverse. $MANA is the native token in Decentraland, also exchangeable on most crypto exchanges.
b) Sandbox ($SAND):
Sandbox is a decentralised gaming platform that enables users to create, own, and monetise virtual assets and gaming experiences. At the heart of this vast metaverse project is $SAND. Sandbox leverages blockchain technology to provide true ownership and interoperability in the gaming world. One $SAND buys/sells for $0.4.
The Web3 Sector
Web3 represents the vision of a decentralised internet, empowering users with control over their data and online experiences, while leaving user’s identities to their wallet addresses. Here are two coins at the forefront of the Web3 movement:
a) Polkadot ($DOT):
Polkadot is a multi-chain platform that enables different blockchains to interoperate and share information. It aims to create a decentralised and scalable Web3 infrastructure, fostering innovation and collaboration between blockchain projects. The $DOT token is not only known as the daring utility token known as a layer-0 metaprotocol, it once traded into an all-time high of $55, and currently ranges at $5.
b) Chainlink ($LINK):
Chainlink is a decentralised oracle network that connects smart contracts with real-world data. It plays a crucial role in enabling secure and reliable interactions between blockchain applications and external data sources. $LINK is the utility token driving the large open-source community of data providers and it is currently trading at $6.
Additional Gems
a) VeChain ($VET):
VeChain is a blockchain platform focused on supply chain management and enterprise solutions. It utilises blockchain technology to enhance transparency, traceability, and efficiency in global supply chains.
Tradable on most exchanges, $VET’s price is $0.0187 as of the time of writing.
b) Theta ($THETA):
Theta is a decentralised video streaming and content delivery network that leverages blockchain technology. It aims to improve video streaming quality, reduce costs, and enable peer-to-peer content sharing. The utility and native token $THETA, is central to the functionality of these possibilities.
Conclusion
As the crypto market evolves, new categories like DeFi, AI, Metaverse, and Web3 are driving innovation and reshaping various industries. The top 10 coins highlighted in this article can be gotten on popular exchanges like Binance, KuCoin, and Huobi Global. These tokens represent promising projects within these categories, each with its unique value proposition and potential for growth. Understanding the importance of doing your research (DYOR), calculating and managing risk factors, while diversifying your portfolio based on your investment goals and risk tolerance remains key to making the most of the next crypto bull run.
Frequently Asked Questions
Are These Top 10 Coins Guaranteed to Perform Well in the Next Bull Run?
While these coins have strong potential, it’s important to remember that the cryptocurrency market is highly volatile and unpredictable. Factors such as market conditions, adoption rates, and regulatory changes can impact their performance.
Can I Invest in These Coins as a Newbie?
If you’re new to the market, it’s advisable to start with thorough research, gain a basic understanding of blockchain technology, and consider consulting with a financial advisor. Additionally, you may want to consider investing in well-established cryptocurrencies like Bitcoin and Ethereum before exploring more niche coins.
How Can I Stay Updated on the Latest Developments in These Categories?
To stay informed about the latest developments in DeFi, AI, Metaverse, and Web3, you can follow reputable cryptocurrency sources, join online communities and forums, and subscribe to newsletters or social media accounts of the projects you’re interested in.
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