Following a dramatic drop in the market last week, coin prices appear to be on the mend this week. The majority of large-cap coins are up today, and numerous altcoins are holding up well against Bitcoin.
Below, we’ll explore altcoins to buy and the possible reasons behind their price jumps.
1. Helium (HNT): A Big Expansion on the Way
HNT, the platform token for Helium, kicks off our list of altcoins to buy.
Helium is an open-source blockchain that provides seamless connections to the Internet of Things (IoT). Helium’s method sends data across several network nodes, enabling seamless interaction between IoT devices.
As a utility token, HNT is used for micropayments, network validation, and staking. The digital asset currently trades at 0.00054 BTC – up by an impressive 100% against Bitcoin in the past month.
We believe that this could be a good time to buy Helium because the network is gearing up for a big expansion. Last week, Helium’s community members voted to pass HIP-51 – a proposal which provides the groundwork for helium’s expansion into new networks, tokens, and devices.
The community has passed HIP-51, which provides the economic and technical constructions of scaling the Helium Network to support new users, devices & different types of networks ️✅https://t.co/19crjUoqlO
— Helium Foundation (@HeliumFndn) June 8, 2022
Helium currently has over 850,000 active nodes, up from over 640,000 at the beginning of March. With the upcoming expansion, Helium’s prospects – and the prospects of its native token – look more attractive.
Cryptoassets are a highly volatile unregulated investment product.
2. Cardano (ADA): An Upcoming Hard Fork
Cardano’s ADA token rounds out our list of altcoins to buy. As one of the most prominent altcoins on the market, ADA has been on investors’ radar for months, since Cardano enabled smart contracts with the Alonzo hard fork.
With a price peg of 0.000024 BTC, ADA is down by 9.43% in the past month.
Because of the upcoming Vasil hard fork, we believe that this might be a good time to buy Cardano. The hard fork is expected to be the most significant since Alonzo, providing reduced transaction fees and optimal scalability.
Today we’re delighted to report we’ve successfully delivered a new Node release for #Vasil with the first release of our new CLI, inc. new #Plutus capabilities. Alongside we continue to address the remaining issues we’ve caught in our extensive ongoing testing program.
6/n— Input Output (@InputOutputHK) June 7, 2022
Cardano continues to show that it can compete with several top blockchains, and we believe that ADA could be in for a major jump soon.
Cryptoassets are a highly volatile unregulated investment product.
3. Chainlink (LINK): Ecosystem Expansion Boosts Prospects
Chainlink is one of the market’s most prominent decentralised finance (DeFi) tools. The protocol works as a blockchain oracle, connecting smart contracts with external sources of data to ensure that they operate as they should. With the DeFi space continuing to expand, protocols like Chainlink are becoming increasingly important.
Chainlink’s LINK token has also seen higher trends recently. The digital asset currently trades at 0.00032 BTC – down by just 6% in the past month.
There are several reasons to buy Chainlink. One of the most important is the expansion the service is undergoing. Recently, Chainlink integrated with Moonbeam – a smart contract built on Polkadot. This means that Chainlink is now available on the Polkadot, thus expanding its reach even more.
As Polkadot-based DeFi protocols begin to use Chainlink, we expect to see upticks in LINK’s price.
Cryptoassets are a highly volatile unregulated investment product.
4. Theta Network (THETA): Entry Into the Streaming Space
THETA is another digital asset on our altcoins to buy list. The digital asset powers Theta Network – a platform looking to build a decentralised video streaming ecosystem. Theta allows its global user pool to relay videos by offering its extra bandwidth and computing resources. In exchange, the users receive THETA tokens as rewards.
At press time, THETA trades at 0.000062 BTC. This is a jump of 45.64% in the past month.
The recent launch of Rewarded TV on iOS devices further bolstered THETA’s prospects.
Rewarded TV, our #blockchain-enabled streaming service powered by @Theta_Network P2P video, is now live in alpha on iOS! Watch your favorite movies and tv shows from iPhone or iPad, with no ads or subscriptions! https://t.co/F2ljwbaRYQ
— Replay (@ImagineReplay) May 16, 2022
Rewarded TV is a blockchain-enabled streaming service that allows users to stream their favourite programs with no ads or subscription fees. Investors excited about developments like these can buy Theta to partake.
Cryptoassets are a highly volatile unregulated investment product.
5. Uniswap (UNI): Bringing in Experienced Hands
Uniswap is one of the biggest decentralised exchanges in the market. The platform is a shining star in the DeFi space, providing easy asset trading access for investors who want to skip third parties.
The platform’s UNI token currently trades at 0.00020 BTC. This is a drop of 19.53% in the past month.
The platform’s developer’s recent reorganisation is the most compelling incentive for investors to buy Uniswap. Last week, Uniswap Labs announced the appointment of Stacey Cunningham, a former president of the New York Stock Exchange (NYSE), as an adviser.
1/ We are beyond honored to welcome Stacey Cunningham @stacey_cunning, former president of the New York Stock Exchange @NYSE, as an Advisor to Uniswap Labs.
— Uniswap Labs (@Uniswap) June 15, 2022
Uniswap will be looking to leverage Cunningham’s experience in TradFi to help secure a great position in Web3. With the platform looking to evolve and grow its customer base within the current regulatory climate, her help will definitely be invaluable.
Cryptoassets are a highly volatile unregulated investment product.
Conclusion
With the market looking to stage a recovery from last week, investors are on the lookout for the best altcoins to buy. The digital assets above have shown significant prospects, and we believe they could be ready for price surges. However, our recommended altcoin to buy is Lucky Block’s token, LBLOCK.
Related News
Next 10x Crypto – Lucky Block (LBLOCK)
- Listed on LBank, Pancakeswap – Trending in 2022
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- Donations to Charity
- Free Ticket to Jackpot Draws
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- 10,000 NFTs Minted – nftlaunchpad.com
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Read More:Which Altcoins to Buy – ALT/BTC Pairs Hold Up Well Despite Crypto Crash
