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The Next 5 Cryptocurrencies Set to Hit $5: MATIC, XRP, ADA, VET, HOT

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The Next 5 Cryptocurrencies Set to Hit $5: MATIC, XRP, ADA, VET, HOT

Cryptocurrencies have emerged as a new asset class over the past decade, with Bitcoin being the most well-known and widely adopted cryptocurrency to date. However, Bitcoin is not the only player in the market, and the cryptocurrency industry has grown significantly over the years. As of August 2020, there are over 5,700 cryptocurrencies in existence, with a total market capitalization of over $320 billion.

While Bitcoin’s dominance in the market is still significant, other cryptocurrencies have emerged as potential contenders. In this article, we will discuss the next 5 cryptocurrencies that we believe will hit $5, including Polygon, Cardano, VeChain, XRP, and Holo.

Polygon (MATIC)

Polygon is a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions. Its native cryptocurrency, MATIC, has seen a significant increase in value in recent months, especially in the decentralized finance (DeFi) space, where it has become one of the most popular cryptocurrencies for transactions. As of writing, MATIC is trading at around $1.50. The recent news that could impact its growth is the integration with Aave, a leading DeFi protocol. This integration will allow users to lend and borrow assets on the Polygon network. This integration will make the Polygon network more attractive to DeFi users, which could lead to more adoption and increased demand for the MATIC token.

 

Matic is a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions. The Ethereum network has been facing scalability issues due to the high volume of transactions on the network, resulting in slower transaction times and higher fees. Matic aims to solve this issue by building a Layer 2 scaling solution on top of Ethereum that enables faster and cheaper transactions.

Matic uses a Plasma framework that allows for off-chain computation of transactions, which reduces the load on the Ethereum network. With Matic, users can transfer Ether and ERC-20 tokens at a much faster speed and a lower cost compared to the Ethereum network. Additionally, Matic provides a developer-friendly environment that enables developers to build decentralized applications (dApps) on the Matic network.

Cardano (ADA)

Cardano is a blockchain platform that aims to provide a more secure and sustainable ecosystem for decentralized applications. Its recent launch of the Shelley upgrade has brought a lot of attention to the project, resulting in a price increase of over 100% in the last month. With more developments and partnerships in the pipeline, I expect ADA to reach $5 soon.

 

Cardano’s focus on security and sustainability sets it apart from other blockchain platforms. It uses a proof-of-stake consensus mechanism, which is more energy-efficient and secure compared to proof-of-work used by Bitcoin and other cryptocurrencies. The Shelley upgrade has introduced staking, which allows ADA holders to earn rewards by participating in the network. Cardano has also formed partnerships with companies like New Balance and the Ethiopian government, showcasing its potential for real-world use cases.

VeChain (VET)

VeChain is a blockchain platform that focuses on supply chain management and enterprise solutions. Its partnership with Walmart China and the launch of its mainnet upgrade has brought a lot of attention to the project and resulted in a price increase of over 100% in the last few months. With more partnerships and use cases in the works, I believe VET has the potential to hit $5 in the coming months.

VeChain’s focus on supply chain management has made it an attractive option for businesses looking to improve transparency and efficiency in their operations. Its partnership with Walmart China is a testament to its capabilities, as it allows for the tracking of food products from farm to store using blockchain technology. The recent launch of its mainnet upgrade has also introduced new features and improvements, making it even more attractive for enterprise solutions.

XRP (XRP)

XRP is a cryptocurrency that is designed for use on the Ripple network. Recently, Ripple announced that it was expanding its services to Asia, which has resulted in a price increase of over 50% in the last month. With more partnerships and developments in the works, I expect XRP to reach $5 soon.

XRP’s primary use case is for cross-border payments, where it can facilitate faster and cheaper transactions compared to traditional methods. Ripple’s partnerships with major banks and financial institutions have helped to increase adoption of XRP, and its recent expansion into Asia shows its potential for growth in new markets. XRP’s price has already seen significant increase in recent months, and it has the potential to continue its upward trend.

Holo (HOT)

Holo is a blockchain platform that provides a scalable and distributed cloud computing network. Its recent launch of the HoloPort and partnerships with major companies have brought a lot of attention to the project, resulting in a price increase of over 150% in the last few months. With more developments and partnerships in the works, I believe HOT has the potential to hit $5 in the near future.

Holo’s focus on providing a distributed cloud computing network sets it apart from other blockchain platforms. Its partnerships with major companies like Mozilla and Holochain have helped to increase its visibility and adoption. The recent launch of the HoloPort has also introduced new features and improvements, making it more attractive for developers and users.

In conclusion, these 5 cryptocurrencies have made significant progress in recent months and have the potential to reach $5 soon. However, as with any investment, it is important to do your own research and analysis before making any decisions. The crypto market is highly volatile and unpredictable, so it is important to invest only what you can afford to lose. With the right research and analysis, these cryptocurrencies can provide significant returns for investors who are willing to take on the risks.

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