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Crypto investors are facing a bearish market and are prompted to look around in search of the next big altcoins. A key question that comes to mind is: Which cryptos and tokens will survive the current market conditions and outlive the rest? All hope is not lost, however, as the altcoins of Gnox (GNOX), Avalanche (AVAX), and Solana (SOL) show strong potential for longevity despite the current state of the market.
Since it was granted a Know Your Customer (KYC) badge by the reputable Soken security firm, Gnox has been experiencing an excellent presale performance. It recently outperformed its 52% price increase last May 21, reaching a 60% price growth in the last few days. Gnox may be one of the next big cryptos mainly because of its innovative features. It is the first DeFi earning protocol to offer yield farming as a service, making it suitable for long investment. It also implements a buy-and-sell tax that directly benefits holders and rewards longstanding investors, making it ideal for those who want to stay in crypto for the long game. As of this writing, approximately 49 million tokens have already been sold during the pre-sale period, which is a testament to the high demand for this token.
Avalanche is a blockchain that is based on smart contracts. Since its inception, it has attracted investors because of its ability to provide exceptional scalability at a relatively lower cost. While Ethereum can achieve finality for a transaction in about 10 seconds, Avalanche does it in one. As such, Avalanche has been dubbed as an Ethereum killer. It also recently launched Core, which is a browser extension that enables access to the full range of web3 features, and the Core app, which is designed to help bridge Bitcoin to DeFi, enabling investors to gain rewards in the process. This altcoin is unfortunately not immune to the impacts of a bearish market and experienced a price drop of 45% in the last month. However, with a strong total value locked (TVL) of $3.2 billion and a price increase of 13% in the last few days, AVAX could flex its resilience in the near future.
Similar to Avalance, Solana is also touted as an Ethereum killer. It utilizes a unique proof-of-history (PoH) system that facilitates quick transactions at a low cost, making it a strong contender for Bitcoin. The token is all about high-performance that is well-suited to decentralized app (DApp) builders.
Passive income can also be achieved via staking, making SOL very attractive to investors. While Solana experienced a price dip in the early days of 2022, it was, however, able to bounce back. Since the major crypto crash of May, SOL has been making consistent gains. With that, analysts continue to identify it as one of the top 10 altcoins in the market.
During these challenging times, many investors feel lost and confused, looking for options for relocating their investments. With proper analysis and decision-making, investors can still identify the next big cryptocurrency altcoins. Each of the above three could be a strong starting point to reclaim your investment position in the crypto space.
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