As Bitcoin (BTC) tries to sustain its rally, some altcoin has also moved stronger.
This time, while some cryptocurrencies are starting to look tired to climb, there are 4 cryptocurrencies that still look capable of scoring new heights.
Crypto Solana and Cardano set to strengthen
Solana and Cardano are the most highlighted at the moment because of the variety of potential they offer. This is also reflected in the price action of both which continue to strengthen and form new ATH easily.
Solana, which has been backed by the FTX crypto exchange and has a highly capable blockchain, has become the crypto that shines the most after the price crash in May.
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The Solana blockchain has been at the top of the rankings due to its ability to manage transactions per second (TPS) which reaches 50,000 TPS. In addition, the fast execution time further strengthens its position.
Solana’s original crypto, SOL, has also attracted huge investor interest. Starting the year with less than US$2, the price has now skyrocketed beyond US$140. SOL has grown more than 100-fold from the start of the year to early this September.
As for Cardano, with its release mainnet Alonzo update, investors keep coming to buy the original crypto, THERE IS.
Alonzo will provide the smart contract and native language Plutus. The ability to easily create smart contracts makes Cardano able to compete with Ethereum.
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Many analysts say, both now hold strong potential to print a new ATH and close the year with a good performance.
Crypto Polka dots and Ethereum also have a chance
Technically, Polkadot (DOT) and Ethereum (ETH) cryptocurrencies are poised to break through level the current highest.
Some analysts believe, DOT will have the potential to reach US $ 40. This is level which was last seen last May.
As for ETH, the second largest cryptocurrency by market capitalization also holds the potential to reach US$4,000, even US$5,000 as investor interest has not been extinguished.
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For ETH, London update and burning mechanics (burning) has become the basis for investors’ optimistic outlook. ETH is now an anti-inflation asset as supply will continue to be removed from circulation taken from gas costs.
Indeed, there are also some altcoin which also has potential. However, the 4 cryptocurrencies that we have described have a strong background to be brought to the surface. [st]
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