here are 4 cryptocurrencies that still look capable of scoring new heights.
Scienceloversss - While Bitcoin (BTC) has tried to sustain its rally, some altcoins have also moved higher.
This time, while some cryptocurrencies are starting to look tired to climb, there are 4 cryptocurrencies that still look capable of scoring new heights.
Crypto Solana and Cardano set to strengthen
Solana and Cardano are the most highlighted at the moment because of the variety of potential they offer. This is also reflected in the price action of the two which continue to strengthen and form new ATH easily.
Solana, which has been backed by the FTX crypto exchange and has a highly capable blockchain has become the crypto that shines the most after the price crash in May.
The Solana blockchain has been at the top of the rankings due to its ability to manage transactions per second (TPS) which reaches 50,000 TPS. In addition, the fast execution time further strengthens its position.
Solana's original cryptocurrency, SOL, has also attracted huge investor interest. Starting the year with less than US$2, the price has now skyrocketed beyond US$140. SOL has grown more than 100-fold from the start of the year to early this September.
As for Cardano, with the release of the Alonzo mainnet update, investors keep coming to buy the original crypto, ADA.
Alonzo will provide the smart contract and native language Plutus. The ability to easily create smart contracts makes Cardano able to compete with Ethereum.
Many analysts say, both now hold strong potential to print a new ATH and close the year with a good performance.
Crypto Polkadot and Ethereum also have a chance
Technically, the Polkadot (DOT) and Ethereum (ETH) cryptocurrencies are poised to break their current highs.
Some analysts believe, DOT will have the potential to reach the US $ 40. This is a level last seen in May.
As for ETH, the second-largest cryptocurrency by market capitalization also holds the potential to reach US$4,000, even US$5,000 as investor interest has not been extinguished.
optimistic predictions for the first and second-ranked cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), continue to flow like a clear river. Several leading analysts have targeted very convincing price levels for both.
Bitcoin and ETH Towards the Moon
Among crypto bullish proponents, Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, is probably one of the most convinced.
He is of the view that Bitcoin and ETH will print new all-time highs (ATH) in the next few months.
McGlone's view is revealed from the contents of the September issue of the "Crypto Outlook Bloomberg" report which states that BTC will reach US$100,000 and ETH will reach US$5,000.
According to the report, this move is the path with the lowest resistance because the two cryptocurrencies have been able to survive a heavy correction since mid-May.
Referring to the second half of the year, McGlone saw crypto assets bounce back from a bull market refreshed.
“The portfolio of some combination of gold and bonds seems to be getting “less” without some Bitcoin and Ethereum merging. The decline in macro risk-off is the main threat to the crypto bull market,” said McGlone, quoted from Cointelegraph, Saturday (4/8/2021).
In addition, McGlone also believes that Bitcoin in the long term will become a major part of the center of the global financial system. This means that major cryptocurrencies will be side by side with the US Dollar.
For ETH, the London update and the burning mechanism have been the basis for investors' optimistic outlook. ETH is now an anti-inflation asset as supply will continue to be removed from circulation taken from gas costs.
Indeed, there are also some altcoins that have potential as well. However, the 4 cryptocurrencies that we have described have a strong background to be brought to the fore.
