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The market sentiment has been dwindling for the upcoming bull market later this year in 2024 and into 2025. However, analyst Altcoin Buzz said that there is excitement revolving around interoperability in the crypto space. Specifically, there is a focus on projects that offer cross-chain information and messaging platforms, including bridges and Layer 0 chains.
The analyst said that these projects are impressive not because they are meme coins or AI cryptos, but because of their interoperability features He brought to attention four promising and best altcoins that stand out for their interoperability capabilities. Here is the list:
Coin 1: Chainlink
The first altcoin discussed is Chainlink (LINK), which is part of a bull run narrative centered around infrastructure. Chainlink’s value grows alongside the growth of smart contracts, real-world assets (RWA), and the AI sector. If these sectors expand exponentially, Chainlink is expected to see an increase in value.
Coin 2: Wanchain
The analyst continued by discussing Wanchain, explaining it as their favorite bridge in the entire crypto space due to its safety, trust lessness, and decentralization. It offers easy and fast bridging solutions for the four most popular assets: Bitcoin, Ethereum, USDC, and USDT.
Wanchain recently enabled linking native USDC from Noble on Cosmos to over 10 other blockchains that also offer native USDC. This eliminates the need for derivatives or wrapped products.
Coin 3: Cosmos Hub
He added that another longtime favorite in the interoperability space is Cosmos Hub. Over the past 12 months, ATOM holders have faced difficulties, with the token’s value dropping about 12-15%. The last 90 days have been particularly tough, with a decline of around 45%. Despite these price setbacks, Cosmos continues to grow. Currently, there are 89 zones in the map of zones, and this number keeps increasing each quarter.
Despite the token’s substantial decline, the analyst sees nothing but improvements from the Cosmos team, presenting this as a buying opportunity.
Coin 4: Polkadot
Lastly, another key player in the interoperability narrative is Polkadot (DOT). Like Cosmos, Polkadot has had a challenging three months, with its value nearly halving. However, over the last 12 months, Polkadot is up about 30-35%.
Polkadot continues to enhance its technology and applications, making steady improvements. Despite recent price declines, the analyst views this as a buying opportunity for a potential long-term hold in a high-quality project.
