“Black Monday” of June 12 will long be remembered by crypto investors. During these days, people lost hundreds of millions of dollars due to the collapse of bitcoin and ether rates. As a result, feverish sales of cryptocurrencies caused a further collapse of their prices. A question hung in the air: is it the end of the era of crypto investments? Experienced holders do not rush, preferring to wait out the storm and look at alternative crypto assets.
If you constantly keep abreast of the market, then, most likely, you will be able to easily pick up several coins or tokens that look promising enough for your investment portfolio. However, there have always been and will be investors who simply have neither the time nor the desire to understand the intricacies of the industry. We will try to help such people by presenting TOP 5 cryptocurrencies that objectively have the best growth potential today.
1. Polygon (MATIC)
Price at the time of writing: $0.42
Market Capitalization: $3,373,166,680
The project has been working and actively developing since 2017, has a very extensive community. Its goal is to provide the user with a faster and cheaper alternative to the Ethereum blockchain. The MATIC coin acts as the Polygon unit of account. Today, it is traded on such popular crypto exchanges as Coinbase and Binance.
In December 2021, the MATIC coin showed record growth against the background of cooperation with venture funds that invested more than $100 million in Polygon. At the same time, judging by the technical documentation of the project, the initial plans of the developers have not even been implemented by 50% yet.
Since the end of May, the Polygon blockchain has started supporting the USDT (Tether) stablecoin, which is expected to help mitigate the negative phenomena associated with market volatility.
2. Chainlink (LINK)
Price at the time of writing: $6.52
Market Capitalization: $3,045,215,900
The project is designed to resolve issues of technological compatibility of blockchain with the usual ways of transmitting information. The full-fledged launch of Chainlink took place in 2018, although most investors learned about it only closer to 2020 on the wave of hype DeFi. The LINK token allows for interoperability between bitcoin and Ethereum blockchains.
This is one of the few universal platforms specializing in the development of so–called “oracles” – third-party services that send information to the blockchain for its further use based on smart contracts. This is why Chainlink has such good prospects for growth.
In addition, the project team does not cease to fruitfully interact with the SWIFT system. Interestingly, this fact may eventually lead to that the largest financial network of interbank transactions will one day not be needed at all.
3. Ripple (XRP)
Price at the time of writing: $0.31
Market Capitalization: $15,350,310,323
The launch of the XRP coin took place in 2012, and its first stable version entered the market in 2018. The mission of the project is to provide a service for payment systems specializing in currency exchange operations without the possibility of a refund.
Due to its specifics, Ripple is not a decentralized platform. Because of this, many people even consider the project a scam. Experienced investors, on the contrary, managed to discern the potential of XRP and many still keep it in their portfolios. And this is despite the fact that this coin cannot even be mined.
At the end of 2020, the US regulator SEC sued Ripple for $1.3 billion, accusing the company of selling unregistered securities under the guise of XRP tokens. Despite this, the number of transactions in the XRP network over the past year has not just increased, but even doubled. If the trial ends in favor of Ripple, not only the coin of the project will soar in price, but the crypto market as a whole will be able to seriously revive. Against this background, the demand for XRP from institutional investors is constantly growing.
4. Shiba Inu (SHIB)
Price at the time of writing: $0.000008069
Market Capitalization: $4,430,469,935
This token on the Ethereum blockchain announced itself in August 2020. The meme coin immediately positioned itself as a direct competitor to the popular Dogecoin project. According to the crypto community, Vitalik Buterin is behind Shiba Inu. It promotes this platform in every possible way and is one of the largest holders of SHIB tokens.
The “white paper” of the project says that Shiba Inu is an experiment on the spontaneous construction of a decentralized community. In 2021, Elon Musk himself had a hand in the pump of the token, which inflated its price tens of thousands of times! The coin is not mined, but it can be staked on its own platform Shibaswap.
The initial growth of SHIB was objectively determined by HYPE, but more recently the platform managed to go through an impressive transformation. Literally over the past few months, the developers of Shiba Inu have constructed a holistic ecosystem with a number of new economic tools. All this is gradually turning yesterday’s shitcoin into an attractive asset that brings real benefits. Time has shown that Shiba Inu has formed a fairly powerful investment community, ready to invest good sums in the further development of the project. Regular burning of SHIB tokens contributes not only to maintaining their price, but also to potential growth.
5. Decimal (DEL)
Price at the time of writing: $0.10
Market Capitalization: $163,260,914
This is a unique project of its kind, which initially declared itself as a universal constructor of tokens and cryptocurrencies on its own DecimalChain platform. Its compatibility with Binance Smart Chain and Ethereum blockchains reveals the potential of excellent opportunities for the development of a new financial system open to the whole world.
Despite the fact that Decimal has been operating for a little more than two years, it has already developed a large loyal community. More than twenty tokens have already been created on the DecimalChain blockchain for real working projects. All of them are provided with liquid reserves in the DEL cryptocurrency, the internal coin of the Decimal platform. Transfers within this blockchain are not just easy and fast, but also very cheap (the average commission is only 0.4 DEL).
The project offers a wide range of decentralized services, ranging from cross-platform wallets, ending with exchange platforms and decentralized exchanges.
Any crypto assets on DecimalChain are easy to be staked and guaranteed to receive additional passive income. The NFT marketplace allows everyone to create their own non-interchangeable tokens, which can be exchanged or sold in the future.
To date, the Decimal project continues its active development. Already this year, users will be presented with a parallel network – Decimal Smart Chain. Thus, the development team implements the idea of launching smart contracts for all tokens on DecimalChain. Decimal is also about to have its own decentralized crowdfunding platform. The functionality of the initial token offering will allow you to attract investments in your own projects.