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Why lay them out? Understanding their technology is key!
Now is the time to prepare for the start of the bull market. You can start your bull run with a strong crypto project to ensure huge profits at the peak of the market. As we all know, in April 2024, the market will usher in the critical moment of Bitcoin halving, which will cause the block reward of Bitcoin block mining to be halved. This major event will reduce the total supply of Bitcoin in circulation, ultimately affecting the price of Bitcoin to reach all-time highs.
Historically, Bitcoin halving events have proven to be significant for price and overall global cryptocurrency adoption. The events of 2020 caused the BTC price to surge from $19,000 to approximately $70,000. This four-year recursive cycle repeats every four years in the BTC blockchain. Powerful projects like Ethereum, Chainlink, Uniswap, and XRP hit all-time highs, benefiting investors as the world’s best-performing assets.
6 of the 100-fold cryptocurrencies worth investing in during the bull market!
AVAX
Launched in 2020, Avalanche (AVAX) is a high-performance smart contract platform designed to solve the scalability issues plaguing other blockchains such as Ethereum. It utilizes a unique combination of three independent blockchains to enable fast transactions, low fees, and high security. This makes it attractive for building various decentralized applications (dApps) in areas such as DeFi, NFTs, and more.
Historical Performance: Creation (2020): Each AVAX token starts at approximately $2.77. Bull Run (2021): Peaked near $146.22 in November 2021. Current price is approximately $40.38
Future Growth: Ecosystem Development: Continued adoption by developers and projects based on Avalanche is critical. Scalability improvements: Continuous enhancements are critical to maintain its speed and transaction capabilities. Competitive landscape: Overcoming other high-performance platforms like Solana and Ethereum is key.
Avalanche boasts impressive speed and scalability, making it a potential competitor in the smart contract platform space. The price of Avalanche is expected to reach $50 to $100, so we can expect the Avalanche ecosystem to see significant growth during the upcoming bull run.
MATIC
Polygon (MATIC), formerly known as Matic Network, was launched in 2017 as a layer 2 scaling solution for the Ethereum blockchain. It aims to solve the limitations of Ethereum's slow transaction speeds and high fees by running as a separate blockchain, "aggregating" transactions and submitting them to Ethereum in batches, thereby significantly reducing processing time and costs.
Historical Performance: Creation (2017): Each MATIC token starts at approximately $0.0044. Bull Run (2021): Peaked in December 2021 at nearly $2.92. Current price $0.99
Future Growth: Ethereum Scaling Progress: If Ethereum itself overcomes its scaling limitations, Polygon’s value proposition may weaken. Ecosystem Adoption: Continuous integration with DeFi protocols, NFTs, and other dApps is critical.
Technological Advances: Continuous improvements in Polygon’s security and scalability are important. Polygon offers a promising solution for scaling Ethereum applications, but its long-term success depends on a variety of factors. The price of Polygon is expected to hit the round figure of around $3 to $5, so we can expect the Polygon ecosystem to see measurable growth during the upcoming bull run.
IN
Launched in 2014, Filecoin (FIL) is a decentralized storage network designed to provide a safe and secure alternative to traditional cloud storage providers. Users earn FIL tokens by providing storage space, while others pay FIL to store data efficiently without being tied to a single entity.
Historical Performance: Creation (2014): Starting price per FIL token is approximately $0.0024. Bull Run (2021): Peaked in November 2021 at nearly $237.64. Current price $6.54
Future Growth: Data Storage Needs: Growing data volumes are likely to spur demand for decentralized storage solutions. Adoption by businesses and individuals: Raising awareness and trust in the platform is critical.
Technological Advances: Continuous improvements in security, scalability, and user experience are critical.
The price of Filecoin is expected to reach around $31 to $200, so we can expect the Filecoin ecosystem to see significant growth during the upcoming bull run.
SUN
Launched in 2020, Solana is a high-performance blockchain platform designed to solve the scalability and transaction fee issues that often plague other blockchains such as Ethereum. It uses a unique combination of technologies, including Proof of History (PoH) and Proof of Stake (PoS), to enable faster transaction speeds and lower costs.
Historical Performance: Creation (2020): Starting price per coin is approximately $0.20. Bull Run (2021): Peaked in November 2021 at nearly $260. The current price is $113, up 445% from creation but down 56% from its peak.
Future growth: Predicting price is tricky, but Solana has potential: Fast and scalable: Its speed and scalability are attractive to developers building DeFi, NFT and other applications. Active ecosystem: Solana has a vibrant community and a growing number of projects exploring its potential. Continuous Development: The team is constantly working on improvements and integrations to expand the platform’s capabilities.
Solana is an Ethereum competitor that could price between $200 and $500 in the next bull run. If the traction around Solana continues to grow and layer-1 solution protocols develop on the Solana ecosystem, it could grow even higher. The price of Solana will continue to rise.
Remember: Volatility is high: Solana’s price fluctuates greatly, so investment needs to be cautious. Competition: Other platforms such as Ethereum and Cardano are also innovating, creating fierce competition. The future is uncertain: While growth is possible, various factors may affect its trajectory.
ATOM
Founded in 2017, Cosmos (ATOM) is an interconnected blockchain network. Rather than individual blockchains operating independently, Cosmos aims to create an “Internet of Blockchains” where different blockchains can communicate and exchange data, enabling complex applications and increasing scalability.
Historical Performance: Creation (2017): Starting at approximately $4.20 per ATOM token. Bull Run (2021): Peaked in September 2021 at nearly $44.70. The current price ($10.66) is up 140% since inception but down 77% from its peak.
Future Growth: Ecosystem Adoption: Attracting more independent blockchains and developers building on the Cosmos Network is critical. Advances in interoperability: The continued development of bridges and tools to facilitate easier communication between different chains is key. Governance participation: It is critical for the community to actively participate in decision-making and protecting the network.
The vision of the Cosmos interconnected blockchain ecosystem has exciting potential. However, before investing, it is crucial to carefully study and understand the competitive landscape and technological complexities. The price of Cosmos is expected to reach $20 to $50, so we can expect the Cosmos ecosystem to see significant growth during the upcoming bull run.
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