Are MATIC, EGLD, LUNA, And DOT The Altcoins To Hodl For A 3X Surge By Q2 Of 2022?
The cryptoverse’s corrections have paved the way for newer opportunities for older hands. To bag potential coins, which are now up for grabs at slashed rates. In an ocean of opportunities, which now has emerging projects such as NFTs, Metaverse, and DeFi. Mainstream cryptocurrencies remain the primary priority of savvies.
The hunt for capable digital cryptos is a never ending quest, as deep pocketed investors tend not to miss out on golden opportunities. Out of higher performing alts, coins such as MATIC, EGLD, LUNA, and DOT are under the radar of buyers. The said projects hold strong fundamentals, and have been doing appreciably well at utility fronts.
Will These Altcoins Make Riches This Alt Season?
Polygon has been failing not to impress, with its sack full of initiatives and use cases. In a series of recent updates, the makers have chalked updates and recommendations on the current state of Polygon PoS. Which is a permissionless network and has been working as per the blueprint. The team cites that there is a high level of activity, mainly from bots farming on DeFi apps. The transaction fees are lower at $0.1–0.5.
The Polygon team has been working on multiple solutions to improve capabilities of the platform, which include EIP-1559 that improves the fee market, Polygon PoS v3 that introduces significant architecture improvements, ZK-Rollup based solutions, and Polygon SDK. Polygon has achieved numerous milestones the previous year, which include over 100M wallets, 3k+ applications, over 1Billion transactions, Web 3.0 initiatives and more.
The team has launched the Maiar Exchange, which lets users trade USDC with the Elrond token, which has created buzz in the community. The Maiar DEX has attracted significant TVL & adoption, and has managed to add new products, features and improvements. The Maiar exchange holds $2 B in TVL, which includes 1 Billion MEX being staked and 2 million EGLD.
Moreover, Elrond’s recent listing on Huobi gives exposure to 10M+ new users who will gain access to Elrond. Huobi being one of the most popular and secure exchanges in the world, gives weightage to Elrond’s traffic influx.
In addition, the Maiar Defi wallet will upgrade the web3 experience of users. The Maiar wallet also enables users to send and receive NFTs.
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