Top 11 Altcoins with Massive Potential, According to Altcoin Daily
Popular crypto channel, Altcoin Daily, has shared with their subscribers top 11 altcoin projects with massive potential and preparing for huge breakouts.
Moreover, they also explained why you need to start following these cryptocurrency protocols, as they’re doing big things and changing the entire market.
The first altcoin to mention on the list is Cardano (ADA). Because there is a big thing happening with this altcoin. Coinbase began to support ADA staking rewards by offering 3.75% on ADA held on Coinbase. This is actually a huge deal and a shockingly high percentage considering ADA yields have been between 4.1% to 4.3% over the last few epochs.
This APY will help ADA’s price action since it gives Coinbase users another reason to buy ADA, and will help general crypto adoption.
People will see more coins with a way to earn APY beyond pure price action. This is a huge milestone for Cardano.
The second altcoin is Avalanche (AVAX). Coinbase cloud launches Avalanche developer tool suite. This web3 developer hub Coinbase cloud has added a suite of tools to support development on the Avalanche blockchain and smart contract platform.
Coinbase cloud is running an Avalanche public validator node. This also allows AVAX network participants to stake their AVAX tokens with the Coinbase cloud and delegate power for validating transactions on the blockchain.
Polkadot (DOT) and Acala Token (ACA)
The altcoins take third and fourth place is Polkadot (DOT) and Acala Token (ACA). In particular, Polkadot parachains and VCs team up to launch a $250 million Acala USD ecosystem fund.
Acala is a scalable high throughput Polkadot parachain supporting forkless upgrades and custom optimizations. Its ecosystem is optimized explicitly for DeFi use cases and centered around the maker-inspired over collateralized AUSD stablecoin.
Acala has designed AUSD as a natively cross-chain interoperable asset, meaning it can be used across the entire Polkadot and Kusama ecosystem without needing to be wrapped.
Acala’s goal is for AUSD to become the primary stable coin for the Polkadot ecosystem. The goal of the ecosystem fund is to support and invest in early-stage teams building products and services in the Polkadot and Kusama ecosystem. That will drive demand and utility for Acala flagship stablecoin AUSD. This is such a big deal and Polkadot is really reaching new levels.
Loopring (LRC) and Immutable X (IMX)
The next news is about Loopring (LRC) and Immutable X (IMX). As Gamestop Ethereum NFT marketplace beta launches with a Loopring integration. Gamestop’s Ethereum NFT marketplace will support Loopring’s layer 2 technology along with Immutable X (IMX). Both of these are quality Ethereum layer 2 scaling solutions.
The next project to mention is Yuga Labs. Yuga Labs is the team behind the Board Apes. They just bought crypto punks and they have this huge funding round led by Andreessen Horowitz. They’re going to use a big chunk of this money to create a game that uses the crypto punks.
The Board Apes, the Mutant Apes, and the Kennel Club basically things NFT brands under Yuga Labs will have functionality in the game. So this is really exciting to see crypto gaming pre-mainstream in the space.
The next altcoin to mention is Crypto.com or Cronos (CRO). They will sponsor the FIFA World cup this year. The trading platform has made a deal with the pro soccer organization, FIFA, one of the largest soccer brands in the world. Crypto.com wants to be the main sponsor of cryptocurrency NFTs metaverse.
The next altcoin on the list is Everyrealm. As Will Smith, The Weeknd, and other big celebrities back an NFT metaverse called Everyrealm. Celebrities are flocking to the metaverse-centric startup.
Everyrealm has announced a fresh round of celebrity investors in their startup, including Will Smith, The Weeknd, Mark Anthony, and others were added to Everyrealm series. An expanding the fund total to $62.5 million. This is hugely bullish on cryptocurrency.
Bitcoin (BTC) is the tenth one to mention. Florida will accept Bitcoin for state taxes. Governor Desantis says that he’s directed state agencies to figure out how to allow businesses to make tax payments in cryptocurrency.
While the Miami government has been recruiting crypto firms, the state government has been less active. So it’s good to see them doing this and then to just cap this all off Colorado.
Bitcoin and cryptocurrency started with zero adoption, zero acceptance from the mainstream or governments. We’re seeing the mainstream get involved governments at different levels and the dominoes are falling slowly.
The last altcoin to mention on the list is Decentraland (MANA). Decentraland eyes rally ahead of Metaverse Fashion Week. Decentraland is about to kickstart its first Metaverse Fashion Week, adding upwards pressure to the token.
Decentraland will host a four-day virtual catwalk featuring multiple runway shows after parties and pop-up shops.
The event will occur in Decentraland’s luxury Fashion District and is set to feature a host of big names from the fashion world, Dolce Gabbana, Tommy Hilfiger. Several digital fashion brands will virtually showcase.