Let's take a look at five cryptocurrencies that look promising right now and could be good investments despite recent price drops.
📉1. Ethereum (ETH)
- Market cap: $200+ billion
- Monthly decline: -24.9%
- Features: Ethereum 2.0 switched to Proof of Stake (PoS), which reduces energy consumption and increases scalability. The new version promises significantly faster and cheaper transactions, making Ethereum even more attractive to smart contract and dApps developers.
📉2. Cardano (ADA)
- Market cap: $40+ billion
- Monthly decline: -24%
- Features: Cardano takes an approach to scalability, security, and decentralization. The launch of the Alonzo smart contract platform in 2021 opened up new opportunities for developers.
📉3. Polkadot (DOT)
- Market cap: $20+ billion
- Monthly decline: -29.8%
- Features: Polkadot allows different blockchains to interact with each other through a system of parachains, making it a key platform for future blockchain interoperability. Recent parachain auctions have attracted a lot of attention and investment.
📉4. Solana (SUN)
- Market cap: $50+ billion
- Monthly decline: -12.7%
- Features: Solana can process up to 65,000 transactions per second thanks to its unique Proof of History (PoH) consensus. This makes it one of the fastest blockchain platforms, which has attracted numerous projects including DeFi and NFTs.
📉5. Avalanche (AVAX)
- Market cap: $15+ billion
- Monthly decline: -25.9%
- Features: Avalanche offers fast and cheap transactions, as well as compatibility with Ethereum via its bridge (Avalanche-Ethereum Bridge). This makes it attractive to developers who want to take advantage of both ecosystems.
🛑These cryptocurrencies have great potential for growth due to their innovative technologies and active development. Despite recent price drops, they remain promising for long-term investment. However, always remember that investing in cryptocurrencies is associated with risks, so carefully research the market before making decisions.
