Here are the latest notable developments in the cryptocurrency market:
Ethereum (ETH): The first bull run is expected after Ethereum's transition to the Proof-of-Stake system. With the amount of shares reaching record levels, ETH is expected to hit $10,000 by the end of the year.
Optimism (OP): Despite Ethereum's disadvantages in gas fees and transaction speed, L2 solutions are on the rise. Optimism is among the blue-chip L2 tokens and offers faster and cheaper transactions while maintaining the security of Ethereum. The Optimism protocol, managed by DAO, currently supports hundreds of decentralized applications and is working on the Superchain project that will connect many L2s.
Uniswap (UNI): Launched in 2018 and running on the Ethereum blockchain, Uniswap has a solid track record in security. A new proposal has been introduced where protocol fees will be distributed among $UNI token holders. The fourth version of Uniswap is expected to be released in the third quarter.
Solana (SOL): Ethereum rival Solana was one of the stars of the last bull market. Solana, whose price dropped due to the FTX problem, gained approximately 500% in value last year.
SingularityNET (AGIX): Aiming to democratize access to artificial intelligence services, SingularityNET offers AI to a wide range of users by publishing it on Blockchain. The AGIX token is used as a means of payment for these services and is currently in partnership with Cardano ADA.
These five altcoins are among the highlights of the bull run in the cryptocurrency market.