Top 5 Altcoins At The Verge Of Breakout In The New Bearish Market

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Many cryp­tocur­ren­cies have made mar­gin­al to decent gains as the cryp­to mar­ket is slow­ly mov­ing to sta­bi­lize. These con­tain meta­verse, util­i­ty, DeFi, and NFT cryp­to assets that have with­stood the bear mar­ket because of their well-estab­lished use cas­es. We know Bit­coin will sur­vive the cryp­to win­ter. But what about the rest? 

In this piece, we will explore the top 5 alt­coins on the verge of a break­out in the 2022 bear­ish mar­ket for cryp­to investors to gain in their cryp­to wallets. 

Cardano (ADA) 

To begin with, Car­dano is one of the best alt­coins with an excep­tion­al devel­op­ment team. It is designed by expert aca­d­e­mics using peer-reviewed lit­er­a­ture. It aims to car­ry out a range of com­plex trans­ac­tions with­out the help of a mid­dle­man. This open-source blockchain net­work has an excel­lent array of prospects that solid­i­fies ADA’s posi­tion as a top invest­ment option in the market. 

Recent­ly, an update from the network’s devel­op­ers at Input Out­put Hong Kong (IOHK) released some excit­ing news for the future. The imple­men­ta­tion of some updates to improve the smart con­tract capa­bil­i­ties of ADA has raised Cardano’s demand and val­ue in the market. 

Fur­ther­more, devel­op­ers stat­ed that there would be anoth­er series of updates com­ing in the near future, includ­ing the deploy­ment of a light wal­let, a decen­tral­ized app store, devel­op­ment tools, new APIs, and sidechains. This is good news as increased capa­bil­i­ties will like­ly lead to wider use and adop­tion, mak­ing ADA one of the top 5 alt­coins at the verge of a break­out in the 2022 bear­ish mar­ket. ADA is cur­rent­ly trad­ing at an afford­able price of $0.53.

buy cardano

Cryp­to asset invest­ing is high­ly volatile and unreg­u­lat­ed in some EU coun­tries. No con­sumer pro­tec­tion. Tax on prof­its may apply.

Harmony (ONE)

Har­mo­ny one is a decen­tral­ized, peer-to-peer pro­to­col that allows finan­cial insti­tu­tions to cre­ate cryp­tocur­ren­cies. Cur­rent­ly, two types of tokens can be cre­at­ed on the Har­mo­ny net­work: equi­ty and bond tokens. Equi­ty tokens rep­re­sent own­er­ship in a com­pa­ny and can be used to com­pen­sate investors for token-hold­ing ser­vices. The bond token can be used as an invest­ment vehi­cle. The poten­tial uses of Har­mo­ny tokens are prac­ti­cal­ly end­less, and they could end up as the de-fac­to method for con­duct­ing busi­ness-relat­ed financing.

ONE, the native cur­ren­cy of the Har­mo­ny blockchain, is cur­rent­ly at $0.02, beam­ing with the poten­tial to ral­ly soon. This makes ONE a top alt­coin at the verge of a break­out in the 2022 bear­ish market.

The Har­mo­ny blockchain plat­form presents Ethereum-like attrib­ut­es that makes devel­op­ers choose it for its growth and scal­a­bil­i­ty. The appli­ca­tion of the Har­mo­ny bridge can cater to decen­tral­ized finance (DeFi) and non-fun­gi­ble tokens (NFT).

buy harmony

Cryp­to asset invest­ing is high­ly volatile and unreg­u­lat­ed in some EU coun­tries. No con­sumer pro­tec­tion. Tax on prof­its may apply.

Chainlink (LINK)

Chain­link is a pop­u­lar decen­tral­ized ora­cle net­work that plays a vital role in imple­ment­ing blockchain tech­nolo­gies. The plat­form enables inter­op­er­abil­i­ty between the cryp­to and the fiat ecosys­tems by pro­vid­ing smart con­tracts (which dri­ve DeFi) with secure, real-time data feeds. In oth­er words, Chain­link serves as a mid­dle­ware agent between tra­di­tion­al data sources, blockchain plat­forms, and smart con­tracts using its LINK token.

LINK is the dig­i­tal asset used to pay for ser­vices on the Chain­link net­work. It is built on Ethereum in com­pli­ance with the ERC20 stan­dard for tokens. LINK can be pur­chased and sold for fiat cur­ren­cies or oth­er cryptocurrencies. 

Chain­link is expand­ing the func­tion­al­i­ty of blockchain net­works and is pro­vid­ing devel­op­ers with a dis­tinct lev­el of flex­i­bil­i­ty. For these rea­sons, we believe that Chain­link (LINK) is one of the top 5 alt­coins at the verge of a break­out in the 2022 bear­ish mar­ket. Buy LINK now, when it is trad­ing at $8.4, can help you gain mas­sive returns in the future.

buy chainlink

Cryp­to asset invest­ing is high­ly volatile and unreg­u­lat­ed in some EU coun­tries. No con­sumer pro­tec­tion. Tax on prof­its may apply.

Polkadot (DOT)

Polka­dot is a mul­ti-chain appli­ca­tion envi­ron­ment that enables cross-chain inter­op­er­abil­i­ty on a lev­el pre­vi­ous­ly unimag­in­able. Specif­i­cal­ly, it allows users to send more than just tokens across blockchains. It allows these net­works to com­mu­ni­cate actu­al data. 

The net­work has rewrit­ten his­to­ry with its parachains, short for par­al­lel chains, which are a series of con­nect­ed blockchains. It is thus a “mul­ti­chain” net­work con­sist­ing of blockchains run­ning along­side one anoth­er in a way that speeds up trans­ac­tions. Hav­ing mul­ti­ple lanes to com­plete trans­ac­tions leaves less chance for net­work overload.

Since its blockchain net­work is flex­i­ble, Polka­dot has an increased abil­i­ty to piv­ot and serve more spe­cif­ic needs. The plat­form is gain­ing inter­est from investors because it is more inter­ac­tive. Devel­op­ers can link blockchains to the Polka­dot sys­tem and even cre­ate entire­ly new blockchains. 

Due to such fac­tors, experts believe its native token DOT to be one of the 5 alt­coins at the verge of a break­out in the 2022 bear­ish market.

buy polkadot

Cryp­to asset invest­ing is high­ly volatile and unreg­u­lat­ed in some EU coun­tries. No con­sumer pro­tec­tion. Tax on prof­its may apply.

Polygon (MATIC)

MATIC is an Ethereum token used to pow­er the Poly­gon Net­work, an Ethereum mul­ti-chain scal­ing solu­tion. Poly­gon, for­mer­ly known as Mat­ic Net­work, aims to improve inter­op­er­abil­i­ty between the Ethereum blockchain and com­pat­i­ble net­works. Over the past few years, the plat­form has seen a sig­nif­i­cant increase in traffic. 

It start­ed as Mat­ic Net­work but soon after rebrand­ed as Poly­gon as the scale of the pro­to­col grew. Orig­i­nal­ly, it was only a Lay­er 2 Scal­ing Solu­tion, but lat­er it became an ecosys­tem of inde­pen­dent, col­lab­o­ra­tive, and inter­ac­tive Ethereum-based blockchains.

Cur­rent­ly, more than 400 dApps are using the Poly­gon infra­struc­ture. These include appli­ca­tions in decen­tral­ized finance, NFT & gam­ing, decen­tral­ized autonomous orga­ni­za­tions (DAO), ora­cles, wal­lets, and busi­ness-to-busi­ness (B2B) tech­nolo­gies. The good news for investors is that the price of MATIC still has plen­ty of room for growth. 

It is cur­rent­ly trad­ing at $0.9, mak­ing it the right time to buy as it is one of the top 5 alt­coins at the verge of a break­out in the 2022 bear­ish market.

buy polygon

Cryp­to asset invest­ing is high­ly volatile and unreg­u­lat­ed in some EU coun­tries. No con­sumer pro­tec­tion. Tax on prof­its may apply.

Bottomline

Yes, Bit­coin is the num­ber 1 cryp­to, and an invest­ment in it could work in your favor. How­ev­er, the real mon­ey lies in alt­coins which haven’t ful­ly appre­ci­at­ed in their val­ue. There­fore, con­sid­er these top 5 alt­coins that are at the verge of a breakout. 

Read More:

Where To Buy Car­dano (ADA)

How To Trade Chain­link (LINK)

The 5 Best Ways To Buy Poly­gon (MATIC)

Top 10 Cryp­tocur­ren­cies With The Most Potential

Best Alt­coins To Buy

Best Long-Term Cryp­to Investments

Next Cryp­tocur­ren­cy To Explode

Best 10 New Cryp­tocur­ren­cies To Invest In

Top 10 Most Under­val­ued Cryp­tos To Buy

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