Markets
Top 5 Altcoins to Hold Until Bitcoin Soars to $150,000
The recent excitement in the crypto market highlights five Layer 1 platforms. These are Solana (SOL), Toncoin (TON), Sui (SUI), Injective (INJ) and TRON (TRX). As Bitcoin stabilizes around $65,000, these platforms are showing promising growth metrics. This insight suggests they are robust altcoins to hold until Bitcoin reaches $150,000.
1. Toncoin (TON)
Toncoin (TON), developed by Telegram, is revolutionizing blockchain technology with its cutting-edge layer-1 structure. It is designed for mass adoption and offers exceptionally low fees and high-speed transactions, making it highly scalable and easy to use.
Toncoin price chart
Toncoin’s current value is $7.92, reflecting a 5% increase from the previous day and a 7% increase this week. These statistics suggest robust upward momentum. Now the ninth largest cryptocurrency by market capitalization, which is $19.27 billion,
TONNE demonstrates significant market strength.
The value of Toncoin has increased by 425% in the last year alone. With a 19% gain last month, it continues to show great promise as a top investment option.
2. Solana (SOL)
Solana (SOL), a pioneering open source project, harnesses the power of blockchain for innovations in decentralized finance (DeFi). Its architecture is specifically tailored to support the creation of decentralized applications (DApps). The platform ingeniously combines a proof-of-history (PoH) consensus with the established proof-of-stake (PoS) mechanism to increase system throughput.
On the last day, the value of Solana has fallen more than 3%, currently at US$144. This recession reflects recent market fluctuations. However, SOL has seen an impressive increase of 855% in the last year. Data from defilLIema highlights the resilience of the network, as demonstrated by the growing Total Value Locked (TVL) and active DApp ecosystem.
Since the beginning of the year, Solana’s TVL has grown substantially, positioning it as a leading alternative among tier-one cryptocurrencies. It remains a promising investment until Bitcoin reaches the $150,000 mark.
3. Sui (SUI)
Sui (SUI), a pioneering Layer 1 blockchain and smart contract platform, is revolutionizing digital asset management with a focus on speed, security, privacy and ease of use. In its debut year, Sui ascended to the top 10 in the DeFi network rankings, showcasing its importance in the crowded decentralized finance arena and signaling its potential as a worthy investment.
The platform has been acclaimed for its effective blockchain solutions, especially in Total Value Locked (TVL). Recently, the price of Sui increased to $0.9705 despite a drop of more than 2% in the last 24 hours. This recent fluctuation suggests strong market interest in purchasing Sui, despite the recent crises.
Such developments underscore growing confidence in Sui as a leading alternative cryptocurrency, especially as one of the top five to watch before Bitcoin potentially rises to $150,000.
4. Injective (INJ)
Injective (INJ) leads financial innovation with its state-of-the-art, fully open and compliant layer-one blockchain. This advanced platform is responsible for fueling a new wave of DeFi applications. Its services include decentralized spot and derivatives trading exchanges, prediction markets, and lending platforms.
The debut of the CW-404 standard marks a fundamental evolution for Injective, positioning it as a formidable rival to Ethereum’s ERC-404. In partnership with DojoSwap, this development combines the benefits of the CW-20 and CW-721 standards, with a focus on the emerging field of fractional NFTs. Currently, the price Injective is at $27.50, reflecting a 5% drop in the last day.
5. TRON (TRX)
TRON (TRX) is making significant strides in the decentralized internet entertainment sector. In the last twelve months, its value has increased by 81%, reflecting growing investor confidence and increased activity on its network.
TRON price chart
The platform’s Total Value Locked has also expanded consistently, increasing its position in decentralized finance (DeFi).
TRX is valued at $0.1165 with a market cap of $10 billion, ranking 13th globally, just behind Solana. This positions TRON as a formidable competitor among major alternative cryptocurrencies, especially as Bitcoin’s price targets an all-time high of $150,000.
Conclusion
Investors are watching Solana, Toncoin, Sui, Injective and TRON as Bitcoin prepares for a potential rise to $150,000. Holding these altcoins could be strategic as the broader crypto market anticipates significant changes.
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