The market is on the dip these days. This is considered a good opportunity to jump into a potential project. But traders wonder which one has the huge potential to join in.
In the latest video, Suppoman, an expert in crypto, has revealed the top 5 altcoins to buy in this dip to earn big profits in April and can be the next Polygon (MATIC) in the future.
Moonbeam (GLMR)
The first cryptocurrency that could be the next Polygon (MATIC) is Moonbeam (GLMR). Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.
Moonbeam has the potential to build for the future and go up in value for the future. This has achieved a high of $437. It’s not going to hit that price anytime soon because that would represent over 100x from its current standpoint.
It has got a lot of venture capital investment in it. And it is fundamentally strong for the scalability of both Ethereum (ETH) and for Polkadot (DOT). Moonbeam has the potential to be one of the biggest scaling solutions. If this achieves, it should be a ball run this year, which will happen. This would be 11x, so $1,000 would be $11,000.
GLMR Chart | Source: Coinmarketcap
Saito (SAITO)
The second altcoin on the list is Saito (SAITO). Saito is a Web3 Foundation grant recipient that runs blockchain applications directly in your browser. The network pays ISPs instead of miners or stakers, allowing Web 3 projects to self-fund infrastructure instead of passing costs to predatory monopolies like Infura.
Saito can solve the Ethereum problem because nodes are not incentivized to put through the highest gas fee in order for transactions to happen. That means it’s far better for the ordinary consumer. Therefore, this could lead to mainstream adoption.
As a web 3 layer 1 infrastructure, this one could perform fantastically. SAITO could achieve a $1 valuation, which would be a 25x, based on his current price of $0.04.
SAITO Chart | Source: Coinmarketcap
Immutable X (IMX)
The third altcoin that can be the next Polygon is Immutable X (IMX). Immutable X is the first layer 2 scaling solution for NFTs on Ethereum. According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience.
Immutable X is essentially the green version of Ethereum. It’s a scaling solution that completely minimizes all of the gas fees involved in NFTs, such as creating, minting, transferring, buying, etc.
All fees are dramatically reduced with an Immutable X. Immutable X has not had much of a run because it’s very new. So this has achieved a 9.50 valuation as its highest. IMX is currently trading at $1.77. This could be a 27x on where it currently stands on the lower end of the scale.
IMX Chart | Source: Coinmarketcap
Moonriver (MOVR)
The next one mentioned on the list is Moonriver (MOVR). Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. The new code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
This one could have better gains than Moonbeam has. It’s currently trading at around $57, which shows real bullishness whenever there is a slight ball trend. This goes over $100, almost an easy 2x. So the price of $57 could be a good position to start dollar-cost-averaging. That could be a 10x.
MOVR Chart | Source: Coinmarketcap
Stratos (STOS)
The last one mentioned on the list is Stratos (STOS). Stratos is the next generation of decentralized Data Mesh that provides scalable, reliable, self-balanced storage, database, and computation network. Stratos was born for scaling blockchain process capacity while retaining the decentralized benefits of a distributed protocol, including trustless, traceability, verifiability, privacy, etc.
Stratos came out about $0.03. t is now at $1.27. So it has only got up not even 4x. Where it got to its highest was $5.50, that’s 5x down from that. But this could go back up because they’re developing an ecosystem, they are EVM compatible, they’ve built on Cosmos (ATOM), it’s got very fast blockchain fast finality time well over 10,000 transactions per second. Stratos could be one of the big ecosystems that emerge in cryptocurrency.
STOS Chart | Source: Coinmarketcap