Here Are Top 5 Altcoins Ready To Skyrocket Soon, According to Altcoin Daily
In the recent video, the popular crypto channel Altcoin Daily shares the top 5 altcoins with massive potential to go skyrocket very soon.
First on the list is Ethereum (ETH). The coin just hit 2-week high as London hard fork momentum builds.
“The second-largest cryptocurrency by market cap peaked north of $2,350 on Sunday, its highest reading since June 18. Bitcoin’s price stability and anticipation of major protocol upgrades are fueling investors’ appetite for ETH”, the channel comments.
Ethereum’s London hard fork, which contains the highly anticipated Ethereum Improvement Proposal 1559, launched on the Ropsten testnet on June 24, setting the stage for the full mainnet implementation later in July.
“Analysts expect investors to increase their exposure to ETH leading into the hard fork. On-chain data suggests this is already happening, as Ethereum registered over 750,000 active addresses last week, exceeding Bitcoin by a considerable margin”.
The second altcoin on the list is Decentraland (MANA). According to Altcoin Daily, Decentraland will host one of Ethereum’s first music festivals.
“Next Sunday, Decentraland hosts a virtual live music festival”.
The analyst further clarifies: “Next Sunday at 6PM UTC, crypto’s Second Life sim will host TO THE MOON, a music and arts festival. It’s a collaboration between NFT marketplace KnownOrigin, NFT tastemaker collective Illumino, and crypto consultancy firm BEAR NFT”.
The festival will be hosted at KnownOrigin’s virtual headquarters within Decentraland and will feature performances by electronic music acts including Ookay, SNBRN, Fred Thurst (aka Dr. Fresch), Autograf, and Win and Woo.
The organisers promise exclusive NFT goodies. Attendees receive a virtual POAP (Proof of Attendance Protocol) token to brandish on their Decentraland profile and can buy exclusive (virtual) clothes, including a bomber jacket and hat.
Next on the list is Polygon, a layer-two Ethereum’s scaling solution. The network has recently announced that it will open vault on MakerDAO, committing $50 million worth of Matic tokens as agreed liquidity from the treasury.
“With the recent integration, it means the protocol has now broadened in scope, vision, and transformation to become an Ethereum scaling aggregator”.
Polygon board, opening a vault on Maker and committing $50M of MATIC tokens as seed liquidity from the treasury, sincerely thanks the MakerDAO community and team.
“This is a crucial development in Polygon’s long-term vision and commitment to develop the Ethereum scaling landscape and entice the gifted builders and engaged community members”, commented the crypto KOL.
The fourth coin on the list is Chainlink (LINK). The network has integrated with a total of 617 crypto projects: “Their growth and market share are undeniable”.
One of the most recent highlighted integration is with Nifty Royale. According to the agreement, Chainlink Keepers will be integrated by the Nifty Royals for its battle royale game based on non-fungible tokens. This integration will trigger the functionality of eliminating the players after a predetermined time period set by the developers.
“The reason behind the selection of Chainlink Keepers is quite clear, as the technology has carved a place for itself owing to its distinctive capabilities and competent operational procedures. The Chainlink platform is well-known for its repeated competence to provide maximum uptime. By offering the same capability to Nifty Royale, this partnership will change the way the NFT-based gaming industry operates”, says Altcoin Daily.
The last altcoin on the list is Elrond (ELROND). Although Elrond is not an old-timer on the crypto scene, it has already had a myriad of partners and kept growing week by week. The altcoin has managed to achieve a growth of 22.9% in the last 7 days despite the current bear market.
Recently, Elrond has gone into partnership with U.K. fintech firm Aurus that facilitates the tokenization of precious metals and commodities:
“Three tokens for gold, silver, and platinum — AWG, AWS, and AWP — will be issued on the Elrond blockchain as ESDT tokens. The trio of commodity-based tokens will be backed by one gram of the respective precious metal”.
According to the channel, this opens important opportunities for decentralized finance participants to engage with stable currencies of a different kind, ones that are pegged to precious metals instead of fiat currencies.