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Nowadays, the average investor is way more educated and cautious than he was back in Coins that are fundamentally strong have more potential to survive in the future, as their technology is important for future applications. The price of a coin is determined by supply and demand.
In other words, only a few projects really pay attention to growing a strong fan base of educated investors who are willing to hold onto their coins long enough for the price to grow. These are companies that not only are strong fundamentally but capitalize on communication channels and social media.
Ideally, you should look for established coins that were introduced to the market as early as , abiding by all the points mentioned in this chapter. Decentralized Finance is become increasingly important but is still overlooked by the public. Therefore, focusing on fundamentally strong DeFi projects might be your best bet to make the highest amount of profit.
Based on the criteria presented above, we have compiled a list of new cryptocurrencies to buy and hold onto for the upcoming bull market. Chainlink is quickly becoming one of the most important cryptocurrencies in the industry. The project is known as an Oracle Network and is used to empower smart contracts. The fundamentals of Chainlink have made the project imperative to the Ethereum network, which is used to build decentralized applications dApps. It is also considered to be one of the most important projects for the growth of decentralized exchanges and DeFi in general.
Fundamentally speaking, it has the potential to do so. You may or may not have noticed that Polkadot popped out of nowhere, claiming a position in the top 5 best coins by market capitalization. But what exactly is Polkadot? Created by Ethereum co-founder Gavin Wood, the Polkadot project aims to allow individuals to build their own blockchains, similar to the way Ethereum allows people to build dApps. This makes the project both fundamentally strong and exciting new technology, as it allows more people to build decentralized projects.
Polkadot ticks all the boxes. It has very strong fundamentals and has been developing behind the scenes for several years. It also has a strong team, a valuable and needed product, as well as a lot of room for improvement and growth. Polkadot is one more foundational project that will enable more people to build decentralized solutions without relying on third parties.
As such it is a long-term bet for the improvement of DeFi apps as well. Aside from the above, DOT receives strong indirect marketing for upcoming retail interest, due to its placing in the top 5 on CoinMarketCap. Matic Network provides scalability solutions for decentralized applications on the Ethereum network through a 2nd layer sidechain based on PoS.
While this may sound quite technical it illustrates that Matic fits all of the criteria described above.
(ETH) ETHEREUM. Top 10 Cryptocurrencies In April ; 1. Bitcoin (BTC). Market cap: $ billion ; 2. Ethereum (ETH). Market cap: $ billion ; 3. Tether (USDT). 9. LUNA. TerraLUNA ; AVAX. AvalancheAVAX ; DOGE. DogecoinDOGE ; BUSD. Binance USDBUSD.