Today, there are many projects positioned in the cryptocurrency ecosystem that seem to have solid technical foundations. But some of them can make you profit in the long run.
Youtube Channel Altcoin Buzz, where crypto currency analyzes are published, shared with its followers 4 altcoins that it claims should be in the portfolios of investors together in its latest video.
Altcoin Buzz placed Ethereum (ETH), the second largest cryptocurrency, at the top of its list. Ethereum is a decentralized open-source blockchain system with its own cryptocurrency. ETH works as a platform for many other cryptocurrencies as well as for decentralized smart contract execution.
Ethereum allows us to use free internet services without sacrificing privacy. This comes across as what people often refer to as web3. Altcoin Buzz also stated that developers can create open source software with Ethereum without learning a new coding language. So, according to Altcoin Buzz, these things make the popular cryptocurrency Ethereum (ETH) the cryptocurrency that investors should have in your portfolio for the long term.
The popular altcoin Cardano (ADA) was ranked second in the list of famous analysts. Cardano is a proof-of-stake blockchain platform that says its purpose is to allow “changers, innovators, and visionaries” to bring positive global change.
The analyst said that Cardano was developed to solve Ethereum's high transaction fees while continuing to foster innovation. On the other hand, the popular altcoin has reached some really impressive milestones since its inception.
In his statements about Altcoin Ice Cardano, he underlined that the popular altcoin’s sectors such as education, individual agriculture, government finance and even healthcare have all started to use Cardano’s technology. However, Cardano, 342 dApp developed directories, wallets, DeFi, trading platforms, infrastructure, launchpad, metaverse, gaming, social and other industries are also very common. Therefore, the famous analyst said that Cardano is the second cryptocurrency that should be in the portfolio of investors.
In this video, Altcoin Buzz chose Polkadot (DOT) as another cryptocurrency that should be in the basket of investors. Polkadot is an open-source fragmented multi-chain protocol that connects and secures a private blockchain network that facilitates the cross-chain transfer of not only tokens but any type of data or asset, thus allowing blockchains to be interoperable with each other.
Polkadot was designed to provide a foundation for a decentralized blockchain internet, also known as Web3. Polkadot was also founded by the web 3 foundation. It is one of the most important research organizations that continuously contributes to the development of decentralized protocols. This is a decentralized platform that develops NFTs and integrates them with the metadata store. Therefore, the famous analyst said that Polkadot should also be in the portfolio of investors.
The famous analyst closed the video with another popular altcoin, Cosmos (ATOM). Cosmos stands out as a project that solves some of the "hardest problems" facing the blockchain industry. By offering an ecosystem of connected blockchains, it aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols such as those used by Bitcoin.
It is a network of interconnected blockchains powered by IBC, the inter-blockchain communication protocol. What makes Cosmos unique is that projects are allowed to be unique blockchains that interact within the Cosmos ecosystem via ATOM.
The consensus protocol manages more than $141 billion in digital assets on the blockchain. Users can also have full control over game cross-chain assets. This is why Altcoin Buzz feels that these projects have enormous potential to grow even more consistently over time, while constantly pushing for improvement.