The crypto market was at its peak back in October 2021. However, in November 2021, the entire market crashed hard and fell by an average of 75%. Many tokens got crushed and were pulled out of the crypto market, making thousands of investors lose all their money. However, there are still many good crypto projects out there, despite the bearish outlook of their prices. Smart investors wait for crashes in order to stock up on their favorite cryptocurrencies. In this article, we’re going to mention 3 cryptos that have a massive upside. You might not become a crypto millionaire, but you’ll definitely earn big once the market recovers 😉
#3 Polygon (MATIC)
Polygon is an Ethereum network scalability solution. The Ethereum blockchain was the first to implement smart contracts, making Ethereum the undisputed leader in decentralized applications. However, as the number of smart contracts has grown, Ethereum has struggled to make transactions speedy and efficient. The Polygon network was born out of this.
Polygon is a layer 2 solution that offloads the Ethereum blockchain using a second level and many sidechains. Polygon’s so-called “plasma chains” are particularly crucial. These Ethereum sidechains take the smart contracts off the Ethereum network. If necessary, developers of decentralized applications and smart contracts might outsource their labor to the Polygon network. This addresses Ethereum’s scalability issues.
#2 Ripple (XRP)
Ripple is a project that allows users to send, receive, hold and move currencies across borders in a fast and reliable way. Our current system which relies on banks and payment gateways is slow, fragmented, and expensive. Ripple company can settle transactions in 3 to 5 seconds from anywhere in the world. It is in fact much faster than Bitcoin and Ethereum!
Additionally, the infrastructure is highly scalable and is able to handle more than 1,500 transactions every second. You might ask now, How is this all possible? Well, RippleNet uses the open-source XRP ledger blockchain to track, process, and guarantee all transactions. But unlike Bitcoin, XRP does not use Proof-of-work and has no concept of mining. This means that the blockchain’s power consumption is minimal and is able to keep transaction fees low. XRP transactions are handled by an independent community of validation nodes who maintain the network and the transaction protocol.
#1 Cardano (ADA)
Cardano is a cryptocurrency that has been around since 2017 and has been extremely successful in recent years. Cardano is a blockchain network that uses the Proof-of-Stake consensus mechanism. The blockchain is one of the most tech-savvy on the market. It combines a high level of security, is organized in a decentralized manner, and is highly scalable.
What is special about Cardano is the fact that the Cardano Foundation works with scientists behind the cryptocurrency to further develop the blockchain. The blockchain will be further developed using evidence-based methods. The development follows a long-term roadmap. Cardano is often referred to as the “Ethereum killer”.
- PEPE Coin Price to Reach $5 in the Next Seven Days?
- Top 5 Altcoins to BUY in October 2022 – Best Cryptocurrency Investments
- Top 3 Undervalued Crypto to BUY after the Crypto Crash
- New Zealand Crypto Exchange Cryptopia Hacked
- Top 3 Altcoins to BUY in April 2023: Best Crypto Investments
- MATIC Price UP 50% in the past week! Can MATIC reach 1 $ soon?
- MATIC Price Prediction – BIG GAINS if you Follow this Strategy!
- Want to Get Richer? 3 Best Cryptos to Buy and Hold for the Next Decade
- Top 5 Altcoins to BUY in May 2022 – INSANE POTENTIALS!
- Top 5 Altcoins to BUY in August 2022 – Best Cryptocurrency Investments
- Top 3 Cryptos to BUY NOW! Crypto Arena getting SWAMPED?
- Which is BETTER in 2023: Ethereum or Polygon?
- Polygon Price Prediction – MATIC Price might BOOM 20%?
- Why is MATIC up 20%? It might have to do with Facebook…
- Not to Miss: Best Cryptos to BUY under 1$ in January 2023!
- 3 Possible Reasons why Investors are Stocking up on MATIC
- Polygon MATIC is still under $1! Buy MATIC today? Maybe, read on
- MATIC Price to reach $1 before 2023 if THIS Happens!
- Top 5 Altcoins under 3$ that have BIG POTENTIAL!
You might also like
More from Altcoin
A Bitget report recently unveiled a report showcasing a remarkable 250% surge in assets within third-party custodial accounts.