The entire crypto market is in the red, with many altcoins posting double-digit percentage losses. Who has enough incentive to jump into the market?
Cheeky Crypto, a popular crypto-focused Youtube channel has revealed prime 5 altcoins that might be worth watching and buying during this market pullback.
PolySwarm (NCT)
The first one must be PolySwarm (NCT). PolySwarm is a cybersecurity company that helps users, businesses, and corporate security teams detect and gather intelligence on new and emerging malware. PolySwarm’s vast resources compete for security software from anti-virus companies and specialized security experts to extend coverage and protection of large enterprises against threats cyber threat.
This is a great project with a solid team, solid technology, and its use case is imperative in the space. It is ranked 390 with a market capitalization of around $91 million. NCT is trading at $.05.
People will start to see prices rise as more news and partnerships become available. This is a solid project to follow.
NCT Rankings | Source: Coinmarketcap
Around Protocol (In the vicinity of)
The two altcoins on the list are Near Protocol (Around). Close to uses Nightshade technology to massively improve transaction throughput. Nightshade is a variation of sharding in which individual validators process “tuning” transactions across multiple shard chains, improving the overall capacity of the blockchain.
In the vicinity of Protocol has excellent technology, great team, various use cases and almost anything when people are looking for a potential project to join.
Near ranks 24th with a market capitalization of nearly $7 billion. Its price fell 23.3% during the bear market but In close proximity to is expected to see a reversal soon.
In close proximity to Chart | Source: Coinmarketcap
Harmony (One particular)
The third altcoin on the list is Harmony (One). Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate decentralized applications that work by focusing on decentralized random state, allowing for block generation in seconds.
They are the bridge to different ecosystems and have a lot of funding sources. The ecosystem is starting to grow massively.
A person is changing hands at $.18, down over 26%, and a market cap of over $2 billion, making it 47th on Coinmarketcap.
Just one Chart | Source: Coinmarketcap
Cardano (ADA)
Next altcoin is Cardano (ADA). Cardano is a proof-of-stake blockchain platform that says its goal is to enable “changers, innovators, and visionaries” to bring about positive change globally.
ADA price is $1.08, down more than 11%, market cap is over $36 billion, making ADA 6th. This is a potential coin to continue to hold in the long term. They’ve provided almost everything and it’s still a great project with great technology.
ADA Chart | Source: Coinmarketcap
Polygon (MATIC)
The last altcoin on the list worth mentioning is Polygon (MATIC). Polygon effectively turns Ethereum into a full-fledged multi-chain system (aka World wide web of Blockchains). This multi-chain system is similar to other chains like Polkadot, Cosmos, Avalanche, etc. with the advantages of security, vibrant ecosystem and openness of Ethereum.
This is another solid project that we can expect to continue to do well into the future. MATIC is currently trading at $1.53, down almost 18%. MATIC ranks 14th with a market capitalization of over $11.4 billion.
MATIC Chart | Source: Coinmarketcap
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