Experts have named four altcoins with high prospects for further growth
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The cryptocurrency market continues to grow, its capitalization exceeded $ 3 trillion for the first time, while Bitcoin and Ethereum renewed their all-time highs above $ 68 thousand and $ 4.8 thousand, respectively. However, there are underestimated projects in the industry that have the potential for further growth.
ZCash
Against the background of recent global trends, there is a high likelihood of increased interest in anonymous altcoins, noted Nikita Zuborev, senior analyst at Bestchange.ru. He called ZCash the most interesting among them.
“The fact that it is trading at five times less than it was in 2018, when the entire market was breaking records, gives it a wide range to grow. And given the fact that the token was halved exactly a year ago, the market bias towards demand over supply can strengthen the bullish trend, ”the specialist suggested.
Polkadot
The ecosystem of the Polkadot project is actively developing and will soon be able to compete for a significant share of the DeFi market, Zuborev added. According to him, developers create related products that can attract the attention of investors.
“Of course, the idea that Polkadot will be able to get ahead of Ethereum is still too illusory, but we believe that, according to the current market assessment, the community is underestimated. Therefore, the growth prospects of the token are higher than others, ”explained the analyst. He concluded that the token is now on a local correction and is valued lower relative to the entire market. The expert called this a reason to open a long position.
Avalanche
The prospects for Avalanche as a single financial market for digital assets are enormous, says Roman Nekrasov, co-founder of the ENCRY Foundation. Avalanche aims to solve the problem of digital asset silos and allow liquidity to flow seamlessly from one asset to another. The Avalanche platform allows you to create smart contracts, build decentralized applications (dApps), exchange digital collectibles.
“It is a one-stop infrastructure for cryptoassets that lowers liquidity barriers within the market. Such platforms with high throughput (Avalanche has almost 5 thousand transactions per second) is the future. In the meantime, the process of filling the platform with assets is just underway, so I see a wide field for growth here, ”the expert emphasized.
Internet Computer (ICP)
ICP is not so much a cryptocurrency project as a project of a decentralized internet, a decentralized global computer. What the Internet is heading towards over the past decades, Nekrasov explained. Internet Computer is one of the foundations of Web3, which can be used to create the Internet of a new era, where power belongs to users, and not to large IT corporations, the expert emphasized.
Many well-known venture capital funds have invested in ICP, among them Polychain Capital and Andreessen Horowitz. This also gives weight to the project's reputation, the specialist is sure.