The Top Four Cryptocurrencies to Purchase in 2024
The outlook for the next bull market, which is expected to occur later this year in 2024 and 2025, has been deteriorating. Analyst Altcoin Buzz, however, noted that interoperability in the cryptocurrency field is a topic of great interest. Projects that provide venues for cross-chain messaging and information exchange, such as Layer 0 chains and bridges, are specifically highlighted.
These projects are impressive, according to the expert, not because they are AI or meme currencies, but rather because of their interoperability features. He highlighted four excellent and promising altcoins that are particularly notable for their interoperability capacities. The list is as follows:
1 : Chainlink
Chainlink (LINK), a cryptocurrency that is part of an infrastructure-focused bull run narrative, is the first altcoin to be mentioned. The value of Chainlink increases in tandem with the growth of AI, RWA, and smart contracts. The value of Chainlink is predicted to rise if these industries grow rapidly.
2 : Wanchain
The analyst went on to talk about Wanchain, stating that because of its decentralisation, safety, and lack of trust, it is their favourite bridge in the whole cryptocurrency field. It provides quick and simple bridge fixes for the four most popular assets include USDC, USDT, Ethereum, and Bitcoin.
Linking native USDC from Noble on Cosmos to more than ten additional blockchains that support native USDC was recently made possible by Wanchain. As a result, wrapped goods and derivatives are no longer necessary.
3: Hub Cosmos
He continued by saying that Cosmos Hub has long been a favourite in the interoperability space. Holders of ATOM have experienced challenges over the last 12 months, with the token’s value falling by roughly 12–15%. The past ninety-nine days have been especially difficult, declining by about 45%. Even with these price reductions, Cosmos is still expanding. As of right now, the map of zones contains 89 zones, and the number grows every quarter.
The analyst presents this as a purchasing opportunity despite the significant decrease in the token and sees nothing but progress from the Cosmos team.
4: Polkadot
Finally, Polkadot (DOT) is another important character in the interoperability story. Polkadot, like Cosmos, has had a difficult three months, with its value almost half. Nonetheless, Polkadot has increased by roughly 30–35% in the past 12 months.
Polkadot makes constant advancements in both technology and applications. The analyst sees this as a purchasing opportunity for a possible long-term hold in a high-quality project, notwithstanding recent price falls.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source : Coinpedia