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As investors look to the cryptocurrency to buy with Bitcoin ( BTC-USD ) about to halve, several hidden names are well positioned for big gains this year.
Despite the slow growth of other names, the steady rise of cryptocurrencies has led some investors to suggest that a new cryptocurrency bull market may already be in the works.
However, with the banking crisis, interest rate hikes, and a possible recession, I believe it will take longer for the cryptocurrency market to reach its all-time highs.
A rate cut later this year is possible, and a halving early next year would be a big boost. By finding the right cryptocurrency to buy, your wallet will be poised to take advantage of this rally.
Investors can invest directly in pre-made portfolios or high-yield token funds offered by companies such as Velvet.Capital . Or they can use trading bots like Binance or KuCoin .
For example, Velvet offers flexible architecture, token modules, and integration with all major DeFi cores, including AMMs, liquidity pools, lending protocols, staking pools, and other performance options.
But if you're looking specifically for high-potential solo projects, here are the three cryptocurrencies you can buy:
View Symbol RNDR-USD $2.03 Polygon MATIC-USD 1.16 ( ETH-USD Ethereum $ 2,075.81Representation Sheets (RNDR)
Display token ( RNDR-USD ) is a token used to rent GPU display power.
The tokens are also a reward for users who rent their GPU computing power to the network. Basically, the network collects all of its GPU power from users around the world and then resells it to individuals and organizations that need to display digital art, movies, documentaries, movies, or anything else that requires GPU power.
I think this project is an effective way to speed up rendering for those who can't afford GPUs, which are very cheap as well.
There are growing industries with huge power supply needs, such as artificial intelligence, cloud computing, metaversion, and a growing interest in digital art. This trend will be a tailwind for delivery tokens in the long term.
Artificial intelligence and cloud computing are two of the hottest industries today. This should explain why RNDR offers returns that are much higher than the rest of the market.
polygon (off)
Polygon ( MATIC-USD ) is a level 2 project running on the Ethereum ( ETH-USD ) blockchain. Its goal is to solve problems on the Ethereum blockchain, such as scalability and speed, using Layer 2 solutions.
Of course, there are a lot of level 2 projects on Ethereum right now. But what makes Polygon unique is the zkEVM support and the thriving online gaming industry.
Support for ZkEVM will allow Ethereum developers to use the Polygon layer 2 protocol without writing new code. They can easily bypass the high fees, but with the added security of zero-knowledge technology. It differs from an EVM-assisted scan in that it is less secure.
Polygon is well positioned to capitalize on the growth of Ethereum and could become an important piece of the Web 3.0 puzzle.
Ethereum (ETH)
Ethereum is probably the best crypto project out there. It leads the Web 3.0 space because it supports multiple programming languages (through clients) and tools and standards for developing dapps.
Ethereum also has the largest and most diverse developer community in the crypto ecosystem, which gives it an edge over its competitors.
One of the main strengths of Ethereum is its security and stability. Unlike some of its competitors, such as Solana ( SOL-USD ) or Avalanche ( AVAX-USD ), Ethereum has never experienced a major network outage or glitch disaster.
Ethereum has also proven to be resistant to attacks and hackers due to its large network of validators and developers.
However, some would point out that Ethereum has a scalability problem, as it can only process 25 transactions per second at its base level.
However, this is not a problem for me because Ethereum has many layer 2 solutions that can increase its performance and reduce its cost. As I explained above, Polygon is one of them, with a lightning fast 7200 TPS.
It is smaller than Solana, but sufficient for the needs of the Ethereum network. Solana also uses no more than 4,000 TPS .
Continuous updates (such as Shapella) continue to improve network security and performance.
As of the date of publication, Omar Bin Ihsan holds no position (direct or indirect) in the securities mentioned in this article. The opinions expressed in this article are those of the authors, and are subject to InvestorPlace.com's publishing guidelines.
Omar Bin Ihsan is a writer at InvestorPlace. He is a self-made investor who focuses on growth and cyclical stocks with strong fundamentals and long-term potential. You are also interested in high-risk, high-return investments such as cryptocurrencies and fiat stocks. You can follow him on LinkedIn.
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