Cryptocurrency has become a major player in trading and investments, with the prices of many top coins increasing rapidly in the past year and millennials entering the crypto market in unprecedented numbers. One of the popular crypto YouTube channels, Altcoin Daily, recently released a video in which they discussed the potential altcoins that could increase in value in the near future.

The video showed a chart that explained the AltSeason, which is what altcoin traders look out for. AltSeason is when altcoins in general appreciate in value at a faster rate than Bitcoin itself. Bitcoin has always been the leader in terms of market capitalization, with Ethereum having recently dethroned Bitcoin Cash as the second largest cryptocurrency in terms of market capitalization.

The YouTuber also discussed his recommended altcoins that have the potential to gain in value. The first two were Bitcoin and Ethereum, and after them, he listed Tezos, Fetch.ai, Cardano, and THORChain. He discussed the benefits, features, and developments around these coins that could lead to price appreciation.

Tezos is a smart contract platform that recently partnered up with Google and released a feature called Enshrined Roll-Ups. Fetch.ai is a project focused on the field of Artificial Intelligence, and recently raised $40 million to deploy decentralized machine learning. Cardano has managed to be a strong contender to Ethereum with the introduction of their own Ethereum Virtual Machine and the idea of users being able to use EVM contracts from their wallets. THORChain is a decentralized information processor that has managed to hit a new milestone with 70,000 wallets.

It is never easy to predict the future of any cryptocurrency with any sort of accuracy, but the discussion does bring together the prospects of these coins in the near future. Altcoins have vast potential to grow, and these coins could be great investments for both short and long-term holders.



Other News from Today