Not Bitcoin or Ether, why these crypto tokens should be on your radar this year

The world’s largest cryptocurrencies such as bitcoin, ether have declined in recent days, hit by weakening investor sentiment. Amid the volatility and popularity, crypto experts see the following tokens to watch this year.

“The bullish scenario is that this is the accumulation phase and the market is just skidding and just waiting for a spark to start a new run. On the other hand, in the bearish scenario, many analysts believe the market is losing support and could trigger a new signal,” Sathvik Vishwanath CEO Unocoin said.

Solana

Deeply referred to as the ‘Ethereum Killer’, this scalable proof-of-stake and proof-of-history blockchain has made its mark in the space in just over 2 years. to the top enabled 65,000 transactions per second making Solana the fastest cryptocurrency to date with a transaction finality of 13 seconds,” highlighted Aayush Sharma, co-founder of TechPay.

According to Melbin Thomas, co-founder of Sahicoin, its fast processing time and lower fees make Solana a lovely infrastructure. More than 400 projects are being built on Solana. “Solana is in the golden ration zone (61.8%) according to the fib retracement. The token is in a strong support zone and may see a range between $115 and $130 before rallying back to a high.”

“Solana made several lower lows and failed to break resistance. Currently in the daily candle charts, if the bulls can push and break the 20-day EMA at $149.82, there are high chance that it will hit $163 on the 40-day MA. The RSI is showing a good signal for buyers below 40. Countering the bulls if the bears are pushing towards the support at $133 can be a bad picture for SOLUSD,” said suggested Vishwanath of Unocoin.

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“Capable of processing 257 transactions per second accompanied by a transaction finalization time of around 5-10 minutes, Cardano’s price has developed due to the bullish increase expected in the coming days which leads to the buying lots of $ADA,” TechPay’s Sharma said.

“The most interesting crypto to watch right now is undoubtedly Cardano. News around the launch of SundaeSwap: a decentralized trading protocol on the Cardano blockchain is coming out, it will most likely be an uptrend for ADAUSD”, according to Vishwanath.

Theta

“Theta is a Web 3 video sharing protocol. It disrupts the video streaming space currently dominated by YouTube on Web 2. Theta is building a creator-driven economy where creators are rewarded with a Theta token for their contribution to the platform,” said Melbin Thomas. , Co-founder, Sahicoin.

Phantom

Fantom is a smart contract platform that aims to solve the scalability issues of existing distributed public ledger technologies. It is a layer 1 infrastructure, just like Ethereum.

“Fantom’s mission is to facilitate transactions across multiple blockchains and create an ecosystem that enables real-time transactions and low-cost data sharing. Fantom also has one of the strongest communities in the crypto ecosystem,” said Thomas from Sahicoin.

The opinions provided here are for informational purposes only and should not be considered financial advice.

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