CryptoBusy recently released a YouTube video highlighting three altcoins that warrant attention in anticipation of the next bull market. The video features Filecoin (FIL), Flow (FLOW), and Moonbeam (GLMR) as the top picks. These cryptocurrencies were selected due to their significant decline of over 90% from their all-time highs (ATH). However, despite this setback, promising developments are underway for these tokens.
The current market performance of FIL is noteworthy, as it has experienced a significant decline of 99% since reaching its all-time high. Presently, the token is trading at $5.73, as reported by CoinMarketCap. The blockchain’s storage capacity has been challenging, but the Filecoin project has been actively developing solutions to address this issue, such as the Filecoin Virtual Machine.
Furthermore, the Filecoin ecosystem has experienced a remarkable surge in growth since March, boasting an impressive array of hundreds of distinct smart contracts. According to the CryptoBusy team, persevering through the challenges of a crypto winter can ultimately lead to significant gains for the token in the upcoming bull market.
Despite experiencing a significant 98% decrease from its all-time high, FLOW is still making waves in the crypto world. The CryptoBusy team was particularly intrigued by the fact that FLOW has secured the 8th spot on the prestigious Coinbase Ventures Portfolio. Currently trading at $0.9993, FLOW’s presence in this esteemed portfolio is a testament to its potential for growth and success in the future.
It is imperative to acknowledge that venture capital firms conduct thorough due diligence on projects before investing their funds. This indicates that Coinbase has identified significant potential in FLOW, as evidenced by its investment.
GLMR has experienced a significant decline of 99% since its AHT, leaving it with a current value of approximately $0.381. Meanwhile, Moonbeam is diligently working towards establishing itself as a formidable contender to Ethereum. The project aims to enhance the Ethereum feature set by incorporating on-chain governance, staking, and cross-chain integrations. This strategic move positions Moonbeam as a promising player in the upcoming bull run.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
