Altcoins
The Four Best Cryptocurrencies to Buy in 2024
Market sentiment has declined for the next bull market later this year in 2024 and 2025. However, Altcoin Buzz Analyst He said there is excitement around interoperability in the crypto space. In particular, there is a focus on projects that offer cross-chain messaging and information platforms, including bridges and Layer 0 chains.
The analyst said that these projects are impressive not because they are meme coins or AI cryptocurrencies, but because of their interoperability features. He highlighted four promising and top altcoins that stand out for their interoperability capabilities. Here is the list:
Mesh sweater
The first altcoin we talk about is Chainlink (LINK), which is part of a bullish narrative focused on infrastructure. Chain link value is growing in tandem with the growth of smart contracts, real-world assets (RWA), and the AI sector. If these sectors expand exponentially, Chainlink is expected to see an increase in value.
Wanchain
The analyst went on to talk about Wanchain, explaining it as their favorite bridge in the entire crypto space due to its security, trustlessness, and decentralization. It offers easy and fast bridging solutions for the four most popular assets: Bitcoin, Ethereum, USDC, and USDT.
Wanchain recently enabled the connection of native USDC from Noble on Cosmos to over 10 other blockchains that also offer native USDC. This eliminates the need for derivatives or wrapper products.
Cosmo Center
He added that another long-time favorite in the interoperability space is Cosmos Hub. Over the past 12 months, ATOM holders have struggled, with the token declining in value by about 12-15%. The past 90 days have been particularly tough, with the token declining by about 45%. Despite these price setbacks, Cosmos continues to grow. Currently, there are 89 zones in the zone map, and this number continues to increase every quarter.
Despite the token’s substantial decline, the analyst sees nothing but improvement from the Cosmos team, presenting this as a buying opportunity.
Polka dot
Finally, another key player in the interoperability narrative is Polkadot (DOT). Like Cosmos, Polkadot has had a rough three months, with its value nearly halving. However, over the past 12 months, Polka dot has increased by about 30-35%.
Polkadot continues to improve its technology and applications, making constant improvements. Despite the recent price declines, the analyst sees this as a buying opportunity for a potential long-term hold in a high-quality project.
Read also: Cryptocurrency Investment Strategy: Top 5 Altcoins Amid Market Crash