The global crypto space morphed into an unusual progression throughout the year 2021 with distinct projects on the floor. Investors grabbed an opportunity to diversify their portfolio with distinct projects. In the past few years, no one could have presumed how quickly a few revolutionary projects tripled their ATHs. On the other hand, DeFi, NFTs gaming, Metaverse, Web3 protocols flourished the year altogether with a bullish move.
However, while crypto space undergoes short respite, a crypto proponent Bitboy listed out 5 potential crypto projects to buy in December. He appears to be pretty much convinced with projects such as Cardano, Ripple, Ethereum, Avalanche, and Solana. Further, he expects the aforementioned coins to surge by 15x in their next big move.
Cardano price was trading around $0.02 in 2020. In just two big moves the year it has claimed a position under the top 5 within a year. Consequently, the price has undergone a requisite correction post each rally. However, ADA price after claiming ATH of $3.10 appears to be strengthening its support prior to another massive leg up. The correction phase was notably vast in each cycle. However, the price was exposed to a crucial breakout at $1.53 on Friday, next stop would be above $2 in the short term.
Ripple (XRP) was a close competitor of Ethereum in 2017. SEC’s lawsuit against XRP was a major setback for the price lag in recent times. Proponent Bitboy has shown his confidence toward the asset. He said the project is undervalued, and it would soon rise up to its real value as he is hopeful of clearance of prevailing lawsuits by early 2022. The altcoin holds a vast market cap of over $45 billion despite the heavy damage to its reputation. However, Ripple should be one of your profitable projects to watch out for in the near future.
Ethereum (ETH) has been facing a lot of criticism over its high gas fees and slow transactions. However, these glitches drag the ETH price from reaching its true potential. The platform’s co-founder Vitalik Buterin has imparted a roadmap with the core goal to achieve a reduction in gas fees and quick transactions via Rollups. Moreover, these rollups hold the potency to trigger the price rally up to $10k in the short term.
Avalanche (AVAX) has been one of the solid projects that possess the potential to chug up to new margins. Though the AVAX price has been trading around its ATH, the protagonists across the space believe that the project would park its place underneath the top 10. In addition, tokens built on Avalanche such as Chainlink, Sushi, Dai, and more enjoyed substantial profits in Q4. Further, the platform has been putting efforts to enter the mainstream. In its recent collaboration with Deloitte, the platform has taken an initiative to help the government to demonstrate its eligibility for federal emergency funding with ease. Hence, it would possibly explode beyond expectations in the future.
Solana (SOL) was just $3 on January 1st, 2021 that has climbed by more than 50x within a year. Still the project looks strong as it would soon be a challenge to the Ethereum ecosystem. However, the SOL price has managed to break out at $193.1 a couple of days before. With a short respite, it would soon discover its new ATH beyond $270 by the year’s end. Further, analyst Bitboy says despite generating subsequent higher highs throughout the year, the ecosystem still has the ability to move beyond expectations.
Collectively, amid a sharp competition between a diverse range of crypto projects, the market sentiment holds the key to unlocking their potential. The project’s fundamentals, trends, market cap, and collaboration would play a decisive role in the rate of profits or loss during bulls or bear cycles.