With a market cap of $750 billion, the future looks bright for the Layer 1 industry.
The base layer of blockchain
‣Layer 1 is the basic foundation for secondary blockchains and applications.
‣Key updates include adjusting the block size, changing the consensus mechanism, and implementing database sharding.
‣ Improve the performance and scalability of subsequent blockchain layers.
Focus on small projects
‣ Exclude major players like $ETH, $SOL, and $AVAX. ‣ Introduce lesser-known but promising smaller projects. ‣ Showcase the innovation and potential of these alternative layer 1 blockchains.
Many L1 projects will grow 50-100x in 2024-2025 🤯
Here are 10 high potential Layer 1 projects 👇
$SUI
Sui is a decentralized, permissionless smart contract platform designed for low-latency asset management using the Move programming language.
➮Asset Management: Define assets as objects owned by an address, with custom rules for creation, transfer, and mutation.
➮Byzantine Agreement: Leverage the Byzantine consensus broadcast protocol to achieve low latency and scalable operation, using Byzantine agreement only for shared objects.
➮Token usage: SUI tokens support staking, gas fees, liquidity applications, and governance through on-chain voting.
$SUI
‣ Support level: $1
‣ $SUI received a good rejection from the golden pocket support but encountered short term resistance at $1.17.
‣ Despite the short-term correction in the market, this Tier 1 gem continues to show resilience.
$WHAT
Kaspa is a scalable layer-1 blockchain with fast transactions and a unique BlockDAG structure.
➮Fast Transactions: Achieve instant transaction visibility and 10-second confirmation time.
➮Scalability: Processing multiple blocks per second with high security and decentralization.
➮Efficient PoW: Utilizes the kHeavyHash algorithm to improve energy efficiency and security.
$WHAT
‣ Support Level: $0.160
‣ We have seen a surge triggered by a bullish inverted head and shoulders pattern.
‣ After a sharp drop below 16 cents, a pullback is evident.
$ALPH
Alephium is a sharded, layer-1 blockchain that improves on Bitcoin’s DeFi and dApp technology.
➮ BlockFlow algorithm: combines DAG and sharding to achieve efficient UTXO transactions.
➮ Scalable smart contracts: designed for security and reduced state usage.
➮Energy efficiency: Improve performance and reduce energy consumption.
$ALPH
‣ Support Level: $1.5
‣ The recent move higher in the golden pocket has helped the price find new momentum to break out of the falling wedge structure.
‣ $ALPH is one of the more volatile assets in this run, which makes it worth holding and taking short-term profits when possible.
$ LOVE
Celestia is a modular blockchain network that enables easy deployment of blockchains with minimal overhead.
➮Modular architecture: allows developers to deploy blockchain like smart contracts.
➮Data availability layer: supports efficient scaling and data sampling for layer 2 aggregation.
➮Sovereign Rollups: Combining the convenience of Layer 2 with the sovereignty and security of Layer 1.
$ LOVE
‣ Support level: $9
‣ Any price dip below $9 proves to be an excellent buying zone for $TIA
‣ The price is trading in this range in the short term, with the $11.7 resistance level being crucial for any long-term move.
$BE
Sei is a layer 1 blockchain optimized for digital asset exchange, providing scalability and user-friendly applications.
➮Parallel execution: Enhances consensus mechanisms and transaction processing for a smooth application experience.
➮ Scalability: Solve the scalability issues of Web3 applications to allow for mainstream adoption.
General functions: Support various applications in the fields of games, social networking, NFT and DeFi.
$BE
‣ Support level: $0.48
‣ $SEI’s recent higher lows are motivating for investors as it has a medium-term potential of 2x at current lows.
‣ The symmetrical triangle is also expected to break on the upside with resistance at $0.54.
$TET
Tectum is a fourth-generation, layer-1 blockchain known for its high transaction speed and unique architecture.
➮High TPS: With a block size of 120 bytes, 1.38 million transactions can be achieved per second.
➮ SoftNote System: Provides a transaction-free payment system with instant payments and zero fees.
➮ TET Token: Used to mint SoftNote bills and support all Tectum blockchain products.
$TET
‣ Support level: $11.8
‣ If we zoom out, the price honestly looks a bit shaky, but we can’t deny its potential.
‣ If you are looking for a strong profit range, we recommend waiting for a move above $15.
$ COINS
Koinos is a universal blockchain network that allows free use of applications through the Mana mechanism.
➮ Mana mechanism: No need to spend or hold tokens to use the blockchain.
➮Proof-of-Burn: Ensure efficient, decentralized, and equal consensus.
➮Free dApps: Allows the creation of decentralized applications without token costs.
$ COINS
‣ Support level: $0.38
‣ We see similar price action here as with $TET.
‣ A breakout can be seen but it is not that strong for the short-term move as the decline from the local top is deeper than expected.
$DIONE
The Dione Protocol aims to simplify decentralized token purchases and solve real-world problems through DeFi.
➮Renewable Energy: Focused on creating a sustainable, decentralized future.
➮Community-focused: Prioritize building a strong community to enable decentralized adoption.
➮Ecosystem goal: Improve the convenience and security of DeFi transactions.
$DIONE
‣ Support Level: $0.115
‣ I am closely monitoring and adding more content between this wedge.
‣ Once this bull flag breaks above 1.3 cents, there is a chance that the price will break out quickly.
‣ It is important to take advantage of this low as we know $DIONE can make rapid progress overnight.
$INJ
Injective is a finance-focused blockchain that supports advanced DeFi applications and seamless cross-chain interoperability.
➮Financial market: supports on-chain transactions, lending, and prediction markets.
➮Interoperable smart contracts: Leverage CosmWasm to enable cross-chain functionality.
➮MEV-resistant: A decentralized order book that is resistant to miner extraction of value.
$INJ
‣ Support Level : $24
‣ Price has fluctuated over the past week, which is important for $INJ
‣ There is a short-term resistance at $30, after which the price is likely to set new highs.
$TARA
Taraxa is an EVM-compatible layer-1 blockchain that uses blockDAG to achieve high performance and true decentralization.
➮ t-Graph consensus: Combining blockDAG, anchor chain and asynchronous PBFT to achieve scalability. Low-cost transactions: Provides near-zero transaction costs with 5k TPS and sub-second block time.
➮True decentralization: a permissionless network that allows anyone to become a validator.
$TARA
‣ Support Level: $0.0069
‣ $TARA inherits one of the most promising technologies in layer 1, making it a good long-term choice.
‣ We have seen how the price has moved from above the resistance level of $0.01
‣ DCA is currently the best way to handle this asset, with large volumes of transactions occurring only after 1 cent.