Experts have named altcoins from the field of decentralized finance (DeFi), which may rise in price in the near future
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Over the past year, the cryptocurrency market capitalization has grown 5 times, to the current value of about $ 1.9 trillion. At the same time, most of the coins are far from the historical highs set in the spring. Topplabs.org experts have named several promising altcoins that may rise in price in the future.
"DeFi will eventually cover all areas of life"
Roman Nekrasov, co-founder of the ENCRY Foundation, named two types of cryptocurrencies that could be promising in addition to Bitcoin:
- Tokens of blockchain projects aimed at cross-chain integration, on bridges between different standards. As the blockchain industry develops, unification and the ability to quickly move between the two blockchains will be in great demand, Nekrasov is sure. For example, the projects Chainlink, Polkadot, Solana are developing in this area.
- Tokens of blockchain platforms focused on the creation of decentralized applications (not only financial ones). DeFi and dApps of other spheres are at the most embryonic stage of development and adoption now, but over time it will be a huge niche that will cover all spheres of life, the specialist believes. Decentralization has a positive economic effect in many areas. In complex structures with a large number of participants, this is achieved by reducing the cost of coordination, the expert explained. As an example, he named Ethereum, EOS, TRON.
"Ethereum will clearly grow in the long term"
Nikita Soshnikov, director of the Alfacash cryptocurrency exchange service, also recommended paying attention to altcoins associated with the field of decentralized finance (DeFi). The expert identified three projects that have the opportunity to show growth in the near future: Terra (LUNA), Solana (Sol) and Elrond (ELGD).
Terra is a blockchain protocol that creates fiat-pegged stablecoins. It is focused on the Asian market. However, Soshnikov stressed that this is not just an analogue of Tether's USDT. The altcoin of the LUNA blockchain network is used as a management token, participates in staking, and is the central element of the network. Other stablecoins are structured differently, which is why the expert called Terra more decentralized.
Solana has a good reputation among both developers and finance professionals, the director of Alfacash added. In his opinion, the Sol token will rise in price along with the general growth of the DeFi sphere and the demand for a platform for creating decentralized applications.
Thanks to sharding, Elrond offers very fast transactions and the ability to create smart contracts. He is also focused on the DeFi-sphere, but in addition to this, he is actively working in the direction of corporate use, the specialist concluded.