The first stages of a new bull run are in the making. Miles Deutscher describes how we may be in the psychological stage of disbelief in his X post. Don’t get me wrong, I do expect another dip. Which would make a great entry moment.
We also have spot ETFs and the Bitcoin halving coming up. So, in my humble opinion, the next bull run is upon us, soon. Well, my research team and I found four altcoins that will do well during this next bull run. So, let’s dive in and take a look at the tokens I am going to talk about today.
#1: Cardano (ADA)
My first pick for today’s altcoins is a project with a top 10 spot by market cap. It’s the brainchild of Charles Hoskinson. He’s one of the original co-founders of Ethereum. The Cardano development began already back in 2015.
📣 We're thrilled to announce the release of our second State of the Cardano Developer Ecosystem Report – 2023.
Did you miss the survey? No worries, it will come back… pic.twitter.com/9ES2t5dWpM
— Cardano Foundation (@Cardano_CF) October 25, 2023
It’s a real OG project and has come a long way. It offers a wide variety of use cases. For example,
- In Ethiopia, the government uses Cardano for school IDs. It allows them to record and track their performance.
- Veritree uses Cardano to store information about the trees they plant. They are a global reforestation company.
- Dish Network is listed on the Nasdaq. It uses Cardano to provide digital IDs to its customers.
- Their Voltaire era is coming. This will lead Cardano from private to public network control.
So, Cardano is versatile. Their 2023 summit in Dubai is on its last day today. Expect more news in the coming days, from the summit. The ADA coin performed well during last month, with a price increase of 23%. However, if we look at the year-to-date price, it declined by 20.7%. Still, I expect ADA to do well during the coming bull run and beyond.
🎊 Major achievement!! 🌳💚🌎
Big thanks to the #CardanoCommunity for making this happen!! 🙌
— Cardano Foundation (@Cardano_CF) October 4, 2023
#2: Solana (SOL)
My next pick in this lineup of altcoins is Solana. At the beginning of this year, the token looked down and out. It even dropped under the $10 mark. So, Solana was recovering from the general bull-run downturn. However, that’s when the crypto market crashed. Luna and all later issues took their toll. The FTX collapse dealt another blow to Solana. But, talking about resilience!
New @Solana Product Launch from Circle — coming soon, EURC, our Euro Stable, and Cross-Chain Transfer Protocol (CCTP) for Solana. CCTP on @solana will be a big deal — seamless movement of USDC to/from Solana from Ethereum and EVM L2s + Cosmos + AVAX. https://t.co/kaPQd9KOuQ
— Jeremy Allaire (@jerallaire) November 5, 2023
SOL bounced back in a big way. This week, it broke the $45 barrier. It retraced to $39 today. But the last 30 days saw a 69% increase. Year-to-date, it’s up by 21.7%. Most coins are still in the red. So, what’s happening at Solana? Well, actually a lot. Here are some news:
- Their Breakpoint meeting finished yesterday in Amsterdam.
- Render is moving to Solana.
- The chain didn’t have an outage this year, except for a small hick-up in February. Let’s see if the chain can keep this record during a busy bull run.
Many new partnerships, for example, with:
- Visa, for stablecoin settlements.
- Shopify, the e-commerce giant, introduced Solana Pay.
- MakerDAO migrates from Ethereum to Solana. We always enjoy news like this.
1/ ☁️Its official – @Google’s BigQuery integration with Solana is now live!
Learn more 👇🧵 pic.twitter.com/ZSEnzHBqEc
— Solana (@solana) October 31, 2023
So, Solana is bustling with activity. It’s the fourth-ranking chain for # of developers. The future looks bright again for Solana. However, it needs to dodge the FTX sale of SOL.
#3: Arweave (AR)
Arweave is my next pick of today’s altcoins. This project is all about decentralized storage. In today’s world, we all need digital storage space. Well, Arweave has plenty of that and some more. Check our 2-minute explanatory video on Arweave.
Arweave also offers some unique features. It’s different compared to other storage providers, like Filecoin or Storj. Arweave is the only one that offers permanent storage. Well, that is, if you consider 200 years to be permanent. That’s on their Permaweb. It’s a one-time fee and you’re done.
A fully decentralized GitHub on Arweave 👀 https://t.co/HPKjWyci0w
— 🐘🔗 sam.arweave.dev (@samecwilliams) November 8, 2023
For example, the Solana chain stores its data on Arweave. Arbitrum and Polygon are integrated with the platform’s network. Now, if you would like to join Arweave in mining, you only need 8 GB RAM with a Linux system. Arweave offers a few different tech solutions for their storage.
At the core is Blockweave. That’s their storage system. There’s also a ranking algorithm, named Wildfire. 7 Blockshadow is their cost-effective transit information feature. For example, it keeps gas fees consistent.
If you're interested in #Arweave, you need to know about the ArweaveHub!
– Attend community events (w/ perks)
– Connect with developers and creatives building on the Permaweb
– Get atomic assets
– Learn about the Arweave ecosystem
Let's dive into the features 🧵👇 pic.twitter.com/D9rLQMfgWN
— Only Arweave (@onlyarweave) November 7, 2023
Arweave’s token was up by 52% over the last 14 days. Its current price is $7.82. However, over one year, the AR token is down by 63%. For the long term, Arweave is a keeper, though.
#4: Secret (SCRT)
This brings me to my last pick of today’s altcoins, the Secret Network. It’s one of my favorite Cosmos Hub projects. That’s also what I like about Cosmos. It has various good projects in various fields. I also like Injective and Akash. So, Secret is different, it’s all about privacy. It offers private smart contracts. There were some recent leadership changes. This brought new ideas and options to the table.
Want to make your #Ethereum more private? We've got some awesome news for ETH #DeFi users looking to add more privacy to their activities. Shade Protocol has launched native integration with MetaMask!
This makes it super easy to bridge your ETH and ERC-20 tokens to Secret… pic.twitter.com/k5JZuVJwjo
— 𝕊ecret Network 🤫⚡️ (@SecretNetwork) November 8, 2023
The big news is inside their 2023 roadmap. This roadmap has three main focus points. The end goal is to position Secret as a leader in web3 confidentiality. Here are some improvements:
- Confidential Computing Hub: Connectivity between Secret and other ecosystems. Most important is the interoperability with EVM chains. As a result, Secret has recently been visiting various Ethereum conventions.
- Network Infrastructure: All things related to the network itself.
- Community: Public goods, SCRT allocations, business development, and more.
MOST TRENDING NEWS ON COSMOS ECOSYSTEM IN LAST 30D
— Cosmos AllDay ⚛️ (@Cosmos_allday) November 8, 2023
The SCRT token recently performed well. During the past two weeks, we noticed a 19.6% price increase. However, over last year, SCRT didn’t do that well, it’s down 66%. I added Secret because this move into EVM is a game-changer for them.
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