As the bear market draws to close, savvy crypto investors are strategically constructing their portfolios in anticipation of the next bull run. Coin Bureau has thoughtfully curated a list of their top crypto picks to assist these investors, which they have shared in a recent YouTube video. This valuable insight will surely aid investors in maximizing their returns and confidently navigating the ever-evolving crypto landscape.
The video meticulously dissects a comprehensive list of 10 categories while delving into the intricacies of the challenges and opportunities accompanying each one. This insightful analysis arrives on the heels of a period where numerous altcoins have experienced a downward trend on their charts over the past few months.
Solana killers
In the video, the initial classification of cryptocurrencies delves into the Solana killers category. Previously, the market focused on identifying projects that could surpass Ethereum (ETH). However, Coin Bureau asserts that the Ethereum blockchain has solidified its position in the industry. The video highlights Sui (SUI), Aptos (APT), and Near Protocol (NEAR) as notable Solana killers.
According to Coin Bureau, three promising projects have the potential to surpass Solana, but only if the latter fails to weather the storm of the recent FTX collapse. However, if Solana successfully navigates these challenges and maintains its lead against competitors SUI, APT, and NEAR, it could emerge as a top contender in the next crypto bull run. In short, SOL is worth keeping an eye on.
As ETH continues to reign supreme in the market, savvy investors are highlighting the Layer-1 projects highlighted in this article. These projects can yield substantial returns of over 10x for those with a long-term investment strategy. However, it’s important to note that Coin Bureau cautions against the impact of rising interest rates on speculative cryptocurrencies, and this could result in a reduction of capital inflows and, ultimately, lower returns. As always, staying informed and making informed investment decisions is crucial.
Furthermore, they are convinced that the Solana assassins may face stiff competition from Layer-2 initiatives currently under construction on Ethereum (ETH), owing to ETH’s established standing in cryptocurrency. If these ventures capture investors’ interest, it could lead to even lower returns for projects attempting to dethrone Solana.
Layer-2 projects built on Ethereum (ETH)
These initiatives leverage the Ethereum blockchain to mitigate network transaction costs and enhance transaction velocity. As highlighted in the video, these endeavors also benefit from the Ethereum network’s inherent security, rendering them a compelling choice for decentralized applications.
The category of Layer-2 projects has seen a surge in contenders, with notable mentions including MetisDAO (METIS), Polygon (MATIC), Arbitrum (ARB), and Optimism (OP). As highlighted in a recent video, the influx of new projects is expected to intensify the competition for market cap. Coin Bureau cautions that this trend will likely continue as the market attracts more players.
Decentralized Storage
The upcoming category of projects, namely decentralized storage, comprises Filecoin (FIL), Arweave (AR), and Akash Network (AKT). According to Coin Bureau, decentralized storage is imperative for the future as numerous Layer-1 projects currently rely on centralized cloud servers to store data. However, as these projects expand, centralized solutions may become unfeasible. Therefore, decentralized storage is the way forward to ensure a sustainable and secure future.
While projects under this category show great potential, it’s important to note that Layer-1 and Layer-2 initiatives may soon develop decentralized storage solutions, and this could render the need for third-party decentralized storage solutions obsolete. Additionally, it’s worth mentioning that decentralized storage solutions are still a relatively new concept and have yet to undergo extensive market testing.
Decentralized Identification
According to Coin Bureau, the success of the upcoming crypto and blockchain use cases hinges on the progress made in the decentralized identification category. Promising projects like Civic (CVC), Kleros (PNK), KILT Protocol (KILT), and Polygon (MATIC) have already developed their own identification solutions, making them the ones to watch in this category. These projects are expected to play a critical role in unlocking the full potential of blockchain technology.
As we look ahead, a new regulatory mandate may emerge, requiring users to establish decentralized identities tethered to their real-world personas to engage with DeFi offerings. If this comes to pass, it could trigger a significant surge in the value of cryptocurrencies within this sector.
Decentralized Finance
The projects falling under this category have been designed to serve as a substitute for conventional financial institutions. Coin Bureau holds a positive outlook towards these cryptocurrencies as they are the only ones, apart from Ethereum (ETH) and Bitcoin (BTC), that generate fee revenues. The collected fees could be allocated to the governance participants, enhancing their appeal as an investment option.
Within this category, notable crypto projects include Aave (AAVE), Lido DAO (LDO), and Uniswap (UNI). However, it is important to note that these projects face significant regulatory risks as they seek to disrupt traditional centralized financial institutions. Additionally, their decentralized nature makes these projects more susceptible to cyber-attacks and security breaches. It is crucial for investors to carefully consider these potential risks before investing in these projects.
Interoperability Projects
The following video segment delves into projects that facilitate seamless interoperability, allowing for the sharing of resources across various blockchain networks. These innovative solutions enable cross-chain communication and establish a vital link between blockchain projects and real-world, up-to-the-minute data.
The video delved into the intricacies of several noteworthy projects, including Chainlink (LINK), Flux (FLUX), Cosmos (ATOM), and Axelar (AXL). As per Coin Bureau’s analysis, it appears improbable that a solitary Layer-1 or Layer-2 initiative can facilitate decentralized applications that can scale globally, and this underscores the significance of interoperability projects in the current landscape.
The need for interoperability projects is rising, as numerous crypto use cases necessitate seamless integration. However, it is important to note that the success of interoperability projects is contingent upon the widespread adoption of cryptocurrencies. While the potential demand for such projects is significant, it is crucial to consider the global crypto adoption rate as a key factor in their utilization.
Decentralized Social Media
As per the video, decentralized social media ventures like LENS Platform (LENS) and Theta Network (THETA) can potentially yield favorable returns for investors in the long run. With governments worldwide persistently attempting to regulate the internet, social media enthusiasts gradually gravitate towards these decentralized platforms.
According to Coin Bureau, the success of these projects hinges on their user-friendliness. Additionally, there is a potential for decentralized social media platforms to face regulatory scrutiny similar to that of DeFi products.
Blockchain Gaming
Despite the waning buzz surrounding the Play-to-Earn arena, Coin Bureau has identified three blockchain gaming ventures that warrant investor attention as the next bull run approaches. In their latest video, Axie Infinity (AXS), Gala (GALA), and Decentraland (MANA) were singled out as standout projects to monitor.
According to Coin Bureau’s video, blockchain games are poised to become a key catalyst for widespread crypto adoption, thanks to their potential to unlock many exciting use cases. However, the current reality is that blockchain games still need to be able to accommodate millions of users, which means that each project team must put in more effort to achieve this goal.
Wallets
The significance of blockchain wallets in the crypto realm often goes unnoticed by many users. To shed light on this crucial aspect, Coin Bureau’s video highlights wallets as the next category. Among the popular wallet solutions available in the market are Metamask, Fantom (FTM), Avalanche (AVAX), and ThorFi (THOR). Crypto enthusiasts must recognize wallets’ pivotal role in securing their digital assets.
These initiatives may introduce their governance tokens shortly. The team behind Metamask has even suggested launching their token in the medium term. If this materializes, a market capitalization rivalry could ensue among all wallet providers.
Privacy Coins
The final segment of the video delves into the realm of privacy coins, designed to safeguard the anonymity of holders and users engaged in network transactions. Coin Bureau has identified ProjectOasis (OASIS), Monero (XMR), and Secret (SCRT) as noteworthy contenders to keep an eye on as we approach the next crypto bull market.
At present, these projects are under intense regulatory scrutiny due to the potential for illicit activities to occur on their networks. According to Coin Bureau, privacy-focused projects may face continued crackdowns from regulators, which could hurt their market value.
