As the altcoin market undergoes a downturn, opportunities for significant gains are brewing beneath the surface. Looking for the next potential 100x is a challenging but exciting endeavor, one that requires careful analysis, insight into market trends, and a good understanding of the technology behind each coin​.

A Glimpse at the Titans: $ETH and $ADA The altcoin market is vast, offering thousands of options. However, several major altcoins have consistently stood out due to their unique features, technologies, and potential for growth. These include Ethereum, Litecoin and Cardano.

  1. Ethereum has maintained its position as the second most valuable cryptocurrency after Bitcoin, with a current market capitalization of $64.35 billion. Ethereum provides a platform for developers to build blockchain-based smart contracts and decentralized apps, setting it apart from Bitcoin. One of the biggest upcoming events is Ethereum's technology upgrade from Proof-of-Work to Proof-of-Stake in 2023, expected to significantly increase its scalability​​. Which we already see with Arbitrum and Optimism (L2 on ETH)

  2. Cardano, founded by one of the co-founders of Ethereum, offers a platform for Dapps and smart contracts. Despite being one of the newer L1's, it has gained popularity among investors and developers due to its potential to build a robust blockchain offering advantages over Ethereum​ and allowing people to build very dedicated DeFi products on Cardano.

While these two are kind of the OGs in the altcoin sector and it is necessary to find the new ones for the next bullrun, there are criterias to be looked in to.

  1. Unique Value Proposition: Look for coins offering unique features or technologies that set them apart from other cryptocurrencies.

  2. Strong Development Team: The team behind a coin plays a critical role in its success. A team with a strong track record and clear vision is a positive sign.

  3. Community Support: A strong and active community can be indicative of a coin's potential growth.

  4. Market Capitalization: While not a definitive indicator of success, a coin's market cap can provide insights into its current standing in the market.

  5. Partnerships and Collaborations: Strategic partnerships with other companies or institutions can boost a coin's credibility and potential for growth.