The entire cryptocurrency market is deep in the red, with many altcoins in double-digit percent losses. Who has enough encouragement to jump into the market?
Cheeky Crypto, a well-known Youtube Channel focused on cryptocurrency has revealed the top 5 altcoins that might be worth watching and buying on this pullback of the market.
PolySwarm (NCT)
The first one has to be PolySwarm (NCT). PolySwarm is a cybersecurity company that helps users, enterprises, and corporate security teams detect and gather new and emerging malware intelligence. PolySwarm’s crowdsources compete for security software from antivirus companies and specialized security experts to expand large enterprises’ coverage and protection against cyber threats.
This is a fantastic project with a solid team, solid technology, and its use case is required in the space. It’s ranked 390 by a market cap of around $91 million. NCT is trading at $0.05.
People will start to see the price increase as there is more news and more partnerships. This is such a solid project to keep an eye on.
NCT Chart | Source: Coinmarketcap
Near Protocol (NEAR)
The second altcoin on the list is Near Protocol (NEAR). NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain.
Near Protocol has excellent technology, a great team, various use cases, and most things when people seek a potential project to jump in.
NEAR is ranked number 24 by market cap of nearly $7 billion. Its price has been down 23.3% during the bear market but NEAR is believed to have a reverse soon.
NEAR Chart | Source: Coinmarketcap
Harmony (ONE)
The third altcoin on the list is Harmony (ONE). Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
They’re bridging to different ecosystems, and lots of funding is available. The ecosystem is starting to grow massively.
ONE is changing hands at $0.18, down more than 26%, and the market cap is over $2 billion, which helps it rank number 47 on Coinmarketcap.
ONE Chart | Source: Coinmarketcap
Cardano (ADA)
The next altcoin is Cardano (ADA). Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
ADA price is $1.08, which has been down more than 11%, the market cap is over $36 billion, which helps ADA rank number 6. This is a potential coin to keep on holding for the long term. They’ve delivered on most things, and this is still a fantastic project with fantastic technology.
ADA Chart | Source: Coinmarketcap
Polygon (MATIC)
The last altcoin on the list worth mentioning is Polygon (MATIC). Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche, etc. with the advantages of Ethereum’s security, vibrant ecosystem, and openness.
This is another solid project that we can expect to continue to do well in the future. MATIC is trading at $1.53 for now, down nearly 18%. MATIC is ranked number 14 by market cap of over $11.4 billion.
MATIC Chart | Source: Coinmarketcap
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