Here are five potential altcoins poised to make a splash in this bull run
1. Ethereum (ETH)
Ethereum’s bull run is particularly noteworthy because it will be the first bull run since Ethereum switched to a proof-of-stake system. Currently, the amount of ETH pledged has climbed to a historical peak, indicating its strong growth potential. Even without the help of ETFs, the price of ETH is expected to hit the 10k mark by the end of the year.
2. Optimism (OP)
Although Ethereum is powerful, the problems of high gas fees and transaction speed are still prominent, which also provides an opportunity for the rise of L2. As a blue-chip L2 token, Optimism has won the favor of the market with its fast, low-cost transaction characteristics and the high security of Ethereum. The Optimism protocol is governed by Optimism Collective’s DAO, and OP tokens are used for governance. Currently, Optimism supports hundreds of decentralized applications and is committed to building L2 super chain projects that connect numerous shared development stacks, bridging, communications and security.
3. Uniswap (UNI)
Since its inception in 2018, Uniswap has run stably on the Ethereum blockchain, has an excellent security record, and has never been hacked. Recently, the Uniswap Foundation made a proposal to allocate protocol fees to holders of pledged $UNI tokens, further enhancing its appeal. In addition, Uniswap’s fourth version is expected to be released in the third quarter, which is expected to act as an additional catalyst to drive its price upward. It is worth mentioning that Uniswap no longer requires users to perform KYC certification, providing users with a more convenient experience.
4. Solana (SOL)
As a well-known competitor of Ethereum, Solana has shown strong staying power during the last bull market. Although Solana price briefly took a hit due to the FTX launch, it subsequently experienced a staggering increase of approximately 500% last year. As more L1 projects are launched, Solana's competitive position becomes increasingly solid.
5. SingularityNET (AGIX)
SingularityNET is committed to democratizing artificial intelligence services and provides developers with a blockchain platform to publish and use artificial intelligence. AGIX plays an important role in the market as the currency used to pay for these services. Currently, SingularityNET is cooperating with Cardano (ADA) to jointly promote the development and application of artificial intelligence technology.
