The crypto town is now in turmoil over the plan of action, while the business remains in a quagmire. The recent market crash and the uncertainty of the near future have left merchants wondering about their trade practices. Whilst novices and smaller players have changed hands with the whales, older hands are considering buying assets at a discounted price.
In a sack full of digital assets, finding the capable one is no less than finding a needle in a haystack. In today’s list of capable altcoins, FTM, EGLD, ROSE, and GLMR have emerged as potential contenders. Owing to their stout fundamentals, and progress in the industry amongst fellow rivals.
Are These The Top 4 Altcoins For 2022?
Fantom (FTM):
Fantom with its robust fundamentals and offerings such as high scalability, and faster transactions has made it to the list. Fantom has engraved its name in terms of utility and adoption. Consequently, over 80 dApps are deployed on the network, and the platform offers perks to developers such as its 370 M FTM incentive program.
Fantom is now the 3rd largest DeFi protocol in terms of TVL as per DeFi Llama. The TVL of Fantom is up about 49.18% in a week and has flipped Polygon with only 129 protocols in comparison to Polygon’s 179 protocols. The platform has been working with notable DEXs such as Curve, SushiSwap, amongst others.
Elrond (EGLD):
Elrond has registered its name in the directory of praise worthy digital assets. The farming opportunities have opened doors to an overwhelming count of users. Successively, farming on the Maiar exchange has been growing at an impeccable rate, such that Maiar has been one of the USP’s of the protocol.
The list of profit making farms includes names such as Eagle farms, USDC farms, amongst others. Elrond ranks the 18 th place by TVL with $548.15 M being locked. The protocol has been making notable movements with its move into Web 3.0 game, acquisition of Utrust and more.
Oasis (ROSE):
The Oasis network is a privacy enabled blockchain platform for open finance and a responsible economy. The protocol offers private and scalable DeFi, tokenizing data, and parallel smart contract layers. The protocol has partnered with notable names such as BMW group, Binance, Chainlink amongst others.
The protocol has university programs with renowned institutions such as Australia National University, Cambridge amongst others. Oasis ranks 41st place by TVL, in addition the lower market cap makes it a potential buy.
Moonbeam (GLMR):
Moonbeam has been an ace runner with Polkadot’s parachain slot auctions. Moonbeam has brought in immense value to the Polkadot ecosystem. Moonbeam is backed by notable names such as Binance, Coinbase, amongst others.
Moonbeam has been working with names such as SushiSwap, Chainlink, Covalent, Orion, amongst others. Moonbeam has made it to the 26th position by TVL at $249.15 M with a positive change of 101% in 7-days.
Summing up, the aforementioned digital assets hold robust fundamentals. And have been making astounding moves in terms of utility, prominence and developments. That said, the assets should be under consideration for higher returns in bull runs.
Source: https://coinpedia.org/altcoin/will-ftm-egld-rose-and-glmr-be-the-alts-for-a-5x-meteoric-rise-in-the-bull-run/