Top 5 Altcoins That Are Expect to Bounce, According to Cheeky Crypto
The market is pulling back these days and traders are considering which altcoin to jump in and gain sweet profits.
There is a list of the top 5 altcoins that are expected to bounce well, revealed by Cheeky Crypto, a well-known Youtube Channel focused on cryptocurrency, giving you more choices to enhance your portfolio and earn big profits in 2022.
Cosmos (ATOM)
The first altcoin to mention is Cosmos (ATOM). Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
This project has got a long way to go for a bounce. ATOM is trading at $27.27, down 5.28% at press time. ATOM is ranking at number 21, this is a really strong project but it has been pulled back due to the market’s affection. Once everything is fine, it’s going to bounce very well.
ATOM Chart | Source: CoinmarketcapÂ
Gala Games (GALA)
The second altcoin on the list is Gala Games (GALA). The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.
The team is very strong and the stuff around the music side of things with Snoop Dogg and various others. So this is a project that you should probably look to do research on.
GALA is changing hands around $0.3, down 6.23% and ranking number 51 for now. It’s a good opportunity to jump in and win big profits in the future.Â
GALA Chart | Source: Coinmarketcap
Near Protocol (NEAR)
The third altcoin to mention on the list is Near Protocol (NEAR). NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput, and poor interoperability.
This one’s going to bounce nicely with a total value locked is at million dollars. NEAR is trading at $10.32, down 5% and ranking number 23 by market cap.Â
NEAR Chart | Source: Coinmarketcap
Vechain (VET)
The next altcoin is the one that has the biggest pullbacks on the list, Vechain (VET). VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem that solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.
This one’s going to be expecting a big bounce because Vechain is giving its users actual transactions, most of which is through the toolchain. That’s things like the authentication of clothing, wines, medical supplies, all those sorts of things.
And then you’ve got all these projects, so all the metrics on all of these different platforms are actually giving you a true representation of Vechain.
VET is trading at $0.05, down 4.31%, ranking number 43. With its huge use case and ecosystem, VET is expected to bounce well in the near future.
VET Chart | Source: Coinmarketcap
Harmony (ONE)
The last altcoin to mention is Harmony (ONE). Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
This altcoin has pulled back significantly, but we’re seeing more and more projects onboarded onto the ecosystem. This is a project with the community that is really engaged. Therefore, this project is going to do really well.
ONE is changing hands at $0.17, down 4.43%, and ranking number 52 at press time.
ONE Chart | Source: Coinmarketcap
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