Take a look at the cryptocurrencies you cannot miss investing in.
Cryptos have become ingrained into investors’ outlooks, especially given their usefulness as decentralized blockchains. However, fear in the overall crypto market continues to take hold, with some wild swings recently noted in the digital asset market.
With multiple headwinds on its back, Bitcoin and other digital assets have been lying low. Nevertheless, several other quality cryptos could blow up in the coming years. Once markets rebound or recover from their fear of a deep recession, these cryptos to buy will shoot up much quicker than the stock market.
So without further ado, learn more about the top 6 overlooked cryptos to buy before they take off.
Solana (SOL)
Ethereum rival Solana is a promising, up-and-coming crypto that has become one of the top competing blockchains with Ethereum. Like Ethereum, Solana is a smart contract-enabled blockchain. However, this blockchain has been built from the ground up as a proof-of-stake chain, incorporating several scaling solutions.
Its native token SOL is used for most transactions on this network. Additionally, SOL is required to stake the Solana network. The network is seen as a faster alternative to Ethereum as it can process 2,700 transactions per second (TPS) and reach up to 710,000 TPS at its peak.
However, the platform is so popular that it is sometimes flooded with millions of transactions resulting in network crashes. The team has said that it is making changes so it will be able to handle these large volumes. This is a good problem to have, as long as the issues can be fixed in the long run.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
API3
Advanced Encryption Standard 13 (API3) is an encryption algorithm used in the crypto industry. The API3 project aims to decentralize application programming interfaces (APIs) to build, manage, and monetize APIs at scales.
The protocol focuses on tackling the Blockchain Oracle problem and finding a way to connect the various APIs of data providers. The approach of building a decentralized API network (dAPI) has drawn attention to the project. It has also been called the 'Chainlink Killer,' bringing additional value to the project. Several investors are still sleeping on this coin; therefore now is the right time to buy this overlooked crypto before it takes off.
API3 is considered more secure than AES and is currently being used by a number of organizations and companies in the crypto industry, including Microsoft, Google, and Facebook. Its main objectives are to provide a more secure encryption algorithm and help transition the crypto industry to newer technologies.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Livepeer (LPT)
Livepeer has positioned its place as one of the leading decentralized live video streaming network protocols and infrastructures. LPT entered the market intending to enhance dApp developers and entertainers. It is built on Ethereum for on-demand video and live transcoding.
Livepeer stands unique from the traditional video streaming platforms like Tiktok and YouTube. LPT does this by not storing, hosting, or distributing videos. Instead, it focuses on developing a technology that efficiently uses surplus computing power to share video from broadcasters to end consumers.
Livepeer can provide HD quality streaming services in a cost-efficient manner, by taking advantage of the GPUs from users across the globe. Currently, it has +70,000 GPU nodes in operation. However, investors might fail to notice this crypto in the crowd of more flashy coins like BTC, ETH, and DOGE. We are telling you not to make the same mistake as this overlooked crypto can take off pretty soon, and you will regret not investing in it.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
NEAR Protocol (NEAR)
NEAR Protocol is a layer-one blockchain designed to be a community-operated cloud computing platform with faster transaction speeds, better output, and increased interoperability compared to rival networks.
Unlike other next-generation blockchains, the platform has been built from the ground up to be the easiest for developers and their end-users while still providing the scalability necessary to serve those users. These aspects make NEAR coin one of the few overlooked cryptos to buy before they take off.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cartesi (CTSI)
Cartesi is a layer two optimistic rollup that seeks to overcome the issue of scalability and high fees on blockchains and take smart contract and dApp development to the next level. In simple terms, this means that it does not run on a blockchain’s base layer. Instead, it sits on top of it in a way that the smart contracts it runs can scale while still being secured by the blockchain.
Cartesi is a one-of-a-kind project with capabilities to make concepts such as AI and Machine Learning on the blockchain, building self-contained computational clouds, metaverses, and more come true. Moreover, it allows the execution to be hundreds of times faster than it would be if it were following the current operating scheme. This is why CTSI is one of the overlooked cryptos to buy before they take off.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin flew under the radar for most of its lifecycle. Then the retail trading mania of early 2021 lifted several struggling companies to new heights and propelled DOGE. As a result, its price skyrocketed through May last year, gaining over 10,000% in value. Since then, the meme coin craze has faded away, negatively impacting DOGE. Nevertheless, the token has a community and public image, effectively compensating for the lack of fundamentals.
Some of the biggest names in the financial world are firmly behind the crypto, including Mark Cuban and Elon Musk. Moreover, many businesses are including Dogecoin and other cryptocurrencies as payment options. Unfortunately, the current macro-economic climate has devastated the more speculative offerings, but these conditions will pass eventually, making DOGE one of the 6 overlooked cryptos to buy now before they take off.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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