It is no secret Bitcoin has taken a recent hit due to various variables – fear of China banning Bitcoin, Elon Musk’s environmental impact tweets and built up momentum of leveraged traders.
Even though Bitcoin remains king in terms of marketcap and price-correlation with other crypto-assets, it’s an interesting time to see what other cryptocurrencies are popular outside of Bitcoin right now. I took a dive into Crypto Twitter and listed the most popular.
1. Solana ($sol)
The Ethereum-killer narative is not something new, but Solana is taking the crypto-world by storm. Solana is a fast, secure, and censorship resistant blockchain providing an open infrastructure, even though some may refer to it as “just a clothing company” due to recent opening of a Solana-merch shop.
There are many interesting dApps within the Solana-ecosystem, such as Crowny, Cope and Serum. The community is strong since it’s a Sam Alameda product, which has gained massive popularity and a loyal $sol community resulting in a marketcap of $11,532,247,817 at time of writing.
2. Polygon ($matic)
Polygon – or Matic – has been one of the top performers in terms of price action for the last few weeks. Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security – and does this on the Ethereum network.
There are some awesome projects being built using Polygon, like Aave and 1inch. There’s a loyal community because price action has been bullish (let’s be honest) resulting in a marketcap of $13,885,810,413 at time of writing.
3. Chainlink ($link)
Chainlink has been one of the top performers even before the bullmarket started, gaining a super-loyal meme driven community called ‘the link marines’ who jokingly worship Sergey Nazarov.
The Chainlink proposition is simple yet super-effective: Oracles. Chainlink’s decentralized oracle network provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. And oracles are always needed, as can been seen within the Chainlink ecosystem.
Chainlink operates within the Ethereum network and has a current marketcap of $14,192,836,518 dollar at time of writing.
The data on this website is for your information only. It does not constitute investment advice, or advice on tax or legal matters. Cryptocurrencies are highly volatile assets, invest wisely.