The term "altcoins" is not a mere name. It means "alternative coin" or any cryptocurrency other than bitcoin.
All coins were originally meant to be bitcoin alternatives. However, since 2015, most of the altcoins popping up all over the place are no bitcoin alternatives. Each of these coins has several use cases, making them more suited to niches from bitcoins.
Each use case of these coins gives them qualities that directly influence their price and how much profit they bring investors. Meaning that bitcoin no longer controls them as much as it used to.
Therefore, despite Bitcoin's (BTC) price being range-bound, several altcoins are adding positive gains due to increasing community support, partnership agreements, and numerous intriguing projects in the development process.
Here are the ones you should look forward to next week and throughout the rest of September 2022.
It should not be surprising that Ether is included first in the list. Ether is like the Robin to Bitcoin's batman. It is the leading altcoin and serves as a platform on which various applications can be built in the crypto space.
Because of this, Ether offers some of the most advanced utilities that directly influence its price growth.
The Ethereum network's merge with the beacon chain is upcoming and will herald the movement of the network from a proof of work mechanism to a proof of stake mechanism. This move is considered a serious threat to other faster networks and may directly and positively influence the cryptocurrency's price.
The merge is scheduled to happen this week and will be an event nobody wants to miss.
Solana was created initially in 2017 but was launched in 2020. The Solana network has an extremely fast platform that features quick transactions and low fees. SOL was immediately popularized as the "Ethereum killer" after its launch.
Solana has so far dropped 79% from its high of $200+ since the last bull market and is expected to increase by a triple-digit percentage. Especially as the market has now started to show signs of recovery.
The price of XRP has fallen 90% from its ATH, making it one of the most potentially profitable dips to invest in. It is one of the best altcoins to buy at this time, especially as the market is now showing signs of bullish movement.
Ripple labs, creators of the XRP ledger, are currently in a lawsuit with the SEC that may end soon. If Ripple wins the lawsuit, a passive price explosion is bound to occur.
Nonetheless, many professional traders believe in XRP and that its price will increase by at least 500% by the end of 2023.
Metaverse technology has been a major buzzword since May 2021, and the sandbox is at the forefront.
In mid-2020, SAND was priced at $0.05 per token and hit $8.45 in November 2021 (a 1600% increase). Something similar is expected to happen with SAND very soon, catapulting it to levels higher than $9 from September this year to December 2023.
The third network upgrade, also known as the "Vasil Upgrade," is set to happen in the Cardano chain on September 22, 2022. This upgrade isn't one that anyone should miss.
The Vasil upgrade is the most significant Cardano upgrade to date and will bring about increased network capacity, lower-cost transactions, and, ultimately greater prices and profits for its investors.
Cardano has risen 16% in the last 7 days in anticipation of this upgrade. This upgrade will likely fuel a price increase and will continue until 2023.
Disclaimer: Voice of crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.