Watch for these potential altcoins that are about to explode

[DearMary]

With the cryptocurrency market still in a state of uncertainty, many cryptocurrency investors are wondering if it's time to sell to avoid further losses, or if the market will recover soon.

Although the cryptocurrency market has always recovered from bear markets so far, every bear market has its "casualties," and those "casualties" never recover strongly. Therefore, it is important to choose quality cryptocurrency projects that have a chance to survive the bear market and thrive in the future.

We analyzed 200 of the top cryptocurrencies based on liquidity and availability, technology, industry leadership, token economics and more key factors. You can read more about our standards later in this article.

1. Ripple
XRP is a cryptocurrency that was launched in June 2012. It was developed by David Schwartz, Jed McCaleb and Arthur Britto, who along with Chris Larsen started a company called OpenCoin. 80% of the XRP supply is donated to the company by XRP developers. OpenCoin has since changed its name to Ripple, and the company has placed most of its XRP holdings in custody.

XRP offers very fast and low-cost transfers, making it suitable for use cases such as money transfers. It uses neither proof-of-work nor proof-of-stake, but implements the XRP ledger consensus protocol. Each participant in the XRP network can choose a set of validators that they trust to act honestly.

Ripple has applied the XRP cryptocurrency to its products, particularly on-demand liquidity (ODL). ODL has partnered with cryptocurrency exchanges to provide efficient cross-border remittances using XRP.

Why choose Ripple?
XRP has recently become the focus of attention in the cryptocurrency market due to favorable developments in the litigation between Ripple and the SEC (Securities and Exchange Commission). A U.S. judge said last week that Ripple's sale of XRP to a cryptocurrency exchange did not constitute a securities offering.

Although Ripple's legal battle with securities regulators is not over yet, the latest development has been greeted positively by the market. The price of XRP has increased significantly, which has also stimulated the entire altcoin market.

Several cryptocurrency exchanges have announced that they will relaunch XRP, including major players Coinbase and Kraken.

As of this writing, XRP's 7-day price change is +57%, which makes it the second-best performing cryptocurrency among the Top 100 cryptocurrencies. The token's peak price was just under $0.90, its highest price since March last year.

Of course, after going up so much in such a short period of time, XRP is likely to undergo a price correction. However, there is no denying that XRP is one of the most noteworthy crypto assets right now, and its performance is likely to determine the performance of the rest of the altcoin market.

2.Aave
Aave is a decentralized liquidity protocol that was originally launched on the Ethereum blockchain, but now supports seven different blockchains. Aave provides a decentralized system for users to borrow crypto assets or lend them out to earn interest on their holdings.

Aave is one of the largest protocols in the entire decentralized financial ecosystem, with approximately $6 billion worth of TVL (total lock-in value) at the time of writing. Aave has a governance token called AAVE, which can also act as a source of liquidity in the event of a deficit in the agreement.

Why Aave?

Aave DAO recently launched GHO, a decentralized stablecoin that users can mint with collateral held in Aave V3 lending protocols. Users who deposit assets in Aave V3 can mint GHOs as collateral while still continuing to earn the income generated from lending the assets. This makes the cost of borrowing GHO significantly lower.

The GHO is designed to track the dollar and take excess collateral to help ensure stability. Initially, the foundry capacity of the GHO is limited to $100 million, although this can be changed through governance. GHO stablecoins are managed through the Aave DAO, and token holders will be able to vote on their minting capabilities, risk parameters, interest rates, and more.

The launch of the GHO could help cement Aave's leading position in the DeFi space. According to DeFi aggregator DeFiLlama, Aave's TVL is $6 billion, making it the largest DeFi deal outside of the liquid pledge agreement Lido.

3.MATIC
Polygon is a blockchain project that was originally founded in 2017 under the name Matic Network. The original name of the project is why the token used in the Polygon ecosystem is called MATIC, even though the project itself adopted a new name in February 2021.

The core mission of the Polygon project is to create scalable solutions based on the Ethereum blockchain. If you've ever used the Ethereum blockchain, you probably know that transaction fees can become very high during periods of increased demand.

Currently, Polygon's flagship platform is Polygon PoS, a PoS blockchain platform that is compatible with the Ethereum virtual machine. After Ethereum started suffering from high transaction fees, it has become one of the most popular alternatives to Ethereum.

Polygon's native asset is called MATIC, and it is used for critical operations on the network, such as pledging and paying transaction fees. Polygon was one of the first Ethereum scaling platforms to gain widespread adoption, which helped the team launch a number of initiatives to further accelerate growth.

Why MATIC?
The Polygon project has unveiled a proposal to rename the MATIC token as POL and introduce a series of token economic changes. The proposal refers to POL as an "efficient token" that allows holders to act as validators on multiple blockchains.

Verifiers will benefit from protocol rewards, transaction fees, and possibly even additional rewards offered by various chains in the Polygon ecosystem to provide additional incentives.

In terms of token economics, POL emissions will be used to fund a community vault that will be used to fund protocol development, protocol research, ecosystem grants, and various incentives designed to promote Polygon adoption.

If the proposal is accepted by the Polygon community, the process of upgrading from MATIC to POL is expected to be straightforward. The MATIC holder sends their token to the smart contract, which will then return an equal amount of POL tokens.

[CryptoHustler]

With the cryptocurrency market still in a state of uncertainty, many cryptocurrency investors are wondering if it's time to sell to avoid further losses, or if the market will recover soon.

Although the cryptocurrency market has always recovered from bear markets so far, every bear market has its "casualties," and those "casualties" never recover strongly. Therefore, it is important to choose quality cryptocurrency projects that have a chance to survive the bear market and thrive in the future.

We analyzed 200 of the top cryptocurrencies based on liquidity and availability, technology, industry leadership, token economics and more key factors. You can read more about our standards later in this article.

1. Ripple
XRP is a cryptocurrency that was launched in June 2012. It was developed by David Schwartz, Jed McCaleb and Arthur Britto, who along with Chris Larsen started a company called OpenCoin. 80% of the XRP supply is donated to the company by XRP developers. OpenCoin has since changed its name to Ripple, and the company has placed most of its XRP holdings in custody.

XRP offers very fast and low-cost transfers, making it suitable for use cases such as money transfers. It uses neither proof-of-work nor proof-of-stake, but implements the XRP ledger consensus protocol. Each participant in the XRP network can choose a set of validators that they trust to act honestly.

Ripple has applied the XRP cryptocurrency to its products, particularly on-demand liquidity (ODL). ODL has partnered with cryptocurrency exchanges to provide efficient cross-border remittances using XRP.

Why choose Ripple?
XRP has recently become the focus of attention in the cryptocurrency market due to favorable developments in the litigation between Ripple and the SEC (Securities and Exchange Commission). A U.S. judge said last week that Ripple's sale of XRP to a cryptocurrency exchange did not constitute a securities offering.

Although Ripple's legal battle with securities regulators is not over yet, the latest development has been greeted positively by the market. The price of XRP has increased significantly, which has also stimulated the entire altcoin market.

Several cryptocurrency exchanges have announced that they will relaunch XRP, including major players Coinbase and Kraken.

As of this writing, XRP's 7-day price change is +57%, which makes it the second-best performing cryptocurrency among the Top 100 cryptocurrencies. The token's peak price was just under $0.90, its highest price since March last year.

Of course, after going up so much in such a short period of time, XRP is likely to undergo a price correction. However, there is no denying that XRP is one of the most noteworthy crypto assets right now, and its performance is likely to determine the performance of the rest of the altcoin market.

2.Aave
Aave is a decentralized liquidity protocol that was originally launched on the Ethereum blockchain, but now supports seven different blockchains. Aave provides a decentralized system for users to borrow crypto assets or lend them out to earn interest on their holdings.

Aave is one of the largest protocols in the entire decentralized financial ecosystem, with approximately $6 billion worth of TVL (total lock-in value) at the time of writing. Aave has a governance token called AAVE, which can also act as a source of liquidity in the event of a deficit in the agreement.

Why Aave?

Aave DAO recently launched GHO, a decentralized stablecoin that users can mint with collateral held in Aave V3 lending protocols. Users who deposit assets in Aave V3 can mint GHOs as collateral while still continuing to earn the income generated from lending the assets. This makes the cost of borrowing GHO significantly lower.

The GHO is designed to track the dollar and take excess collateral to help ensure stability. Initially, the foundry capacity of the GHO is limited to $100 million, although this can be changed through governance. GHO stablecoins are managed through the Aave DAO, and token holders will be able to vote on their minting capabilities, risk parameters, interest rates, and more.

The launch of the GHO could help cement Aave's leading position in the DeFi space. According to DeFi aggregator DeFiLlama, Aave's TVL is $6 billion, making it the largest DeFi deal outside of the liquid pledge agreement Lido.

3.MATIC
Polygon is a blockchain project that was originally founded in 2017 under the name Matic Network. The original name of the project is why the token used in the Polygon ecosystem is called MATIC, even though the project itself adopted a new name in February 2021.

The core mission of the Polygon project is to create scalable solutions based on the Ethereum blockchain. If you've ever used the Ethereum blockchain, you probably know that transaction fees can become very high during periods of increased demand.

Currently, Polygon's flagship platform is Polygon PoS, a PoS blockchain platform that is compatible with the Ethereum virtual machine. After Ethereum started suffering from high transaction fees, it has become one of the most popular alternatives to Ethereum.

Polygon's native asset is called MATIC, and it is used for critical operations on the network, such as pledging and paying transaction fees. Polygon was one of the first Ethereum scaling platforms to gain widespread adoption, which helped the team launch a number of initiatives to further accelerate growth.

Why MATIC?
The Polygon project has unveiled a proposal to rename the MATIC token as POL and introduce a series of token economic changes. The proposal refers to POL as an "efficient token" that allows holders to act as validators on multiple blockchains.

Verifiers will benefit from protocol rewards, transaction fees, and possibly even additional rewards offered by various chains in the Polygon ecosystem to provide additional incentives.

In terms of token economics, POL emissions will be used to fund a community vault that will be used to fund protocol development, protocol research, ecosystem grants, and various incentives designed to promote Polygon adoption.

If the proposal is accepted by the Polygon community, the process of upgrading from MATIC to POL is expected to be straightforward. The MATIC holder sends their token to the smart contract, which will then return an equal amount of POL tokens.

I will also like to Include Islamic coin (ISLM)
Islamic Coin (ISLM) is a digital currency that will launched on September 1st, 2023. It was created by a team of computer engineers, Islamic scholars, bankers, and investors who wanted to offer a halal option for Muslims and non-Muslims alike. It uses blockchain technology to ensure security, transparency, and decentralization.

Islamic Coin has a total supply of 1.8 billion coins, which is equal to the number of Muslims in the world. The coin can be used for various purposes, such as:
– Sending and receiving money across borders without intermediaries or fees
– Buying and selling goods and services online or offline
– Investing in halal projects and businesses
– Donating to charitable causes
– Saving for the future

Islamic Coin has several advantages over other cryptocurrencies and conventional money. Some of these are:

– It is compatible with the values and beliefs of Muslims around the world
– It is ethical and socially responsible
– It is transparent and accountable
– It is secure and decentralized
– It is fast and cost-effective
Read more on www.islamiccoin.net