BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

5 Altcoins Poised To Capitalize on Next Crypto Hype Cycle, According to Ivan on Tech

5 Altcoins Poised To Capitalize on Next Crypto Hype Cycle, According to Ivan on Tech
Crypto trader and analyst Ivan Liljeqvist is pulling back the curtain on five altcoins that he says are primed to erupt in the next crypto hype cycle.
In a new video, the analyst known as Ivan on Tech tells his 415,000 subscribers that the narrative on Ethereum-based layer 2 scaling solutions could dominate the next phase of the bull market.

“Ethereum is not just going to stand behind and that’s what we’re witnessing right now with layer twos… I do think that right now, the next step will be projects moving from layer one on Ethereum to layer 2.”
Layer 2 protocols alleviate the network congestion in Ethereum by processing some operations off of the main chain. The solution can process a significantly higher volume of transactions quicker and cheaper which can then be settled on the Ethereum network.
While layer 2 solutions show promise in helping Ethereum scale, Liljeqvist says the ecosystem is currently fragmented.
“All of the different projects on Ethereum, they do different kinds of scaling solutions and they pick different layer 2s while Binance (BNB) is just one solution.”
The crypto analyst highlights that even though fragmentation on Ethereum’s layer 2 exists, there’s potential for protocols in the space to be the next big movers.
“It’s very important to study and analyze the different layer two alternatives because we’re going to concentrate on one of them. It can either be Matic (Polygon). Matic right now is probably leading the way if you look at different projects that are launching on Matic. On Matic, you do have Quickswap (Quick) and they do have a way to trade all kinds of assets on Matic through Quickswap, kind of like Uniswap.” 
In addition to the tandem of Matic and Quickswap, Liljeqvist says to keep an eye out on other promising layer 2 solutions.
“On xDAI, you guys have to try Honeyswap (HNY). And also, look out for dYdX. dYdX is going to do on Starkware. So you see three different solutions on Ethereum: xDAI with Honeyswap, Matic with Quickswap, and dYdX, they’re doing on Starkware.”

I
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram


Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
}
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;
}
}




googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Bioraven
The post 5 Altcoins Poised To Capitalize on Next Crypto Hype Cycle, According to Ivan on Tech appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: 5 Altcoins Poised To Capitalize on Next Crypto Hype Cycle, According to Ivan on Tech


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News