Top 9 “Sleeping Giant” Cryptocurrency Altcoin Projects, According to Altcoin Daily
In the recent video, the popular crypto channel Altcoin Daily shares the top 9 potential altcoin projects that are deemed to be the ‘Sleeping Giants’ and would explode at the end of the year.
#1 Theta (THETA) is the first altcoin on the channel’s radar. According to Altcoin Daily, Theta price catalyst is the news that its mainnet 3.0 has successfully launched.
“At block height 10,968,061 the chain forked to MN3.0 code and TFuel staking was enabled. More than 400m TFuel is now staked and the first TFuel staking rewards are already distributed”.
The channel adds that Theta network is backed ‘the big names’ and recently be awarded patent application approval for USPTO “THETA-1005” which helps prevent denial-of-service attacks in decentralized edge networks using verifiable delay functions (VDFs) to prevent malicious attacks.
Yet, the most interesting news of Theta is that the iconic singer Katy Perry announced exclusive global NFT collaboration and investment in Theta Network.
#2 The second altcoin on the list is the blue-chip in decentralized finance space: Uniswap (UNI):
“Uniswap V3 is eating decentralized exchange market. Just two months after launches, it captures 41% of the market with no signs of slowing down”.
#3 The third coin on the crypto strategist’s radar is Sushiswap (SUSHI). Sushiswap will launch NFT Marketplace next month.:
“This is the first iteration of Sushi’s NFT marketplace, Shoyu, and it is expected to go live in August. It will initially launch on Ethereum and Polygon, with multi-chain support in the pipeline”.
According to the trader, the platform’s designers have optimized gas fees by moving the order book for the NFT trades off Ethereum.
“I strongly believe Sushi will do big things at the end of the year”.
#4 Standing at number four is Cardano (ADA). The project is the leading blockchain by average daily deployment activity on Github in the last 30 days.
#5 Next on the list Decentraland’s competitor: Sandbox (SAND). As the channel says, the popular entertainment franchise “The Walking Dead” is coming to the Ethereum-based metaverse game, The Sandbox. A Walking Dead game experience will be included on the world map, plus players can use franchise assets to create their own games.
“The Sandbox, an upcoming Ethereum-based online metaverse game, has already signed a diverse array of pop culture brands and properties for the shared gaming environment, including The Smurfs, electronic musician Deadmau5, seminal NFT experience CryptoKitties, and classic gaming brand Atari”.
When launched, The Sandbox will feature an interactive Walking Dead game experience that lets fans attempt to survive amidst the zombie uprising.
#6 Out of the altcoin list but the sixth sleeping giant goes to Bitcoin due to the very recent big news: Senators & Congressmen are buying Bitcoin (BTC).
“Bitcoin is purchased by Senator Toomey this afternoon. The First senator on record buying cryptocurrency”.
Besides Toomey, Alabama Congressman Barry Moore has purchased a range of cryptocurrencies in recent months, including Dogecoin, Ethereum and Cardano:
“Specifically, on May 5, Moore bought “Etherium”, followed by three purchases of Cardano on May 10, 11 and 13 before buying dogecoin on June 13″.
#7 The next “sleeping giant” is Ethereum (ETH). Ethereum adds over 5 million new unique addresses in 30 days
“This world’s largest smart contract development platform, Ethereum (ETH), has added over 5 million more unique addresses in just 30 days as the asset continues to gain momentum ahead of its scheduled EIP-1559 upgrade”.
According to the KOL, this means that on average, the Ethereum network added 173,235 new unique addresses daily.
#8 Avalanche (AVAX) is the next coin as yield farming platform announces it’s expanding to Avalanche.
“DeFi Yield Protocol — known as DYP for short — says the move will mean that its advanced trading tools are available to a greater cross-section of users. Three of its products are initially going to be available: DYP Farming, DYP Tools and DYP NFTs”.
According to the channel, figures suggest that Avalanche can process more than 4,500 transactions per second, all while instantly confirming transactions. This can help alleviate some of the scalability concerns that have been seen on the Ethereum blockchain, with congestion regularly resulting in sky-high fees.
“Avalanche ensures that developers who are accustomed to Ethereum can build on its infrastructure quickly. This is because the Solidity programming language works out of the box”.
#9 Last on the list is Binance (BNB). The famous Allen Iverson has recently announced that he is partnering with Binance NFT to drop a collection of NFTs this summer.