Following months of volatility, crypto prices have finally shown indications of leveling and even recovery.
According to InvestorPlace.com, the global cryptocurrency market cap exceeded $3 trillion in November 2021. However, by January 2022, it made a downturn to $1.5 trillion. Currently, the market cap stands at around $2.1 trillion.
On the other hand, the increase in crypto prices in 2021 ignited a new set of investments, counting in exchange-traded funds (ETFs).
And although hardly any crypto hit record highs this year, crypto traders are consistently on the watch for the leading altcoins to purchase.
So, here are three cryptos that might pick up steam in the next few months:
Cronos CRO-USD (52-Week Range: $0.081 – $0.9698)
Cronos, previously known as Crypto.com Coin, is linked to the blockchain network related to the Crypto.com ecosystem. It has gained twice its user base to more than 10 million globally in just under two years since 2020.
CRO-USD is developed to allow users to make cryptocurrency payments to merchants worldwide. In addition, it serves as a middleman currency that enables parties to convert cryptocurrencies to their fiat equivalent less expensively.
Polkadot DOT-USD (52-Week Range: $10.42 – $55)
The Swiss-based Web3 Foundation developed Polkadot. It aims to bring an upscale and increase speed as a middleman in apps where numerous blockchains can flow independently in a single network.
The platform’s ecosystem is run by parachains, the advanced, next-generation layer-1 blockchains that transcend the limitations of legacy networks. After that, Polkadot links an array of parachains into the combined network. Subsequently, there can be a cross-chain conveyance of data or digital assets between Ethereum and other blockchains.
The network targets a growing ecosystem of projects spanning from decentralized finance (DeFi) to non-fungible tokens (NFTs).
Terra LUNA-USD (52-Week Range: $3.84 – $119.18)
Terra is a blockchain that utilizes fiat-fixed stablecoins to bring worldwide payments systems to life. It is developed on the Cosmos platform, which uses a Proof-of-Stake (PoS) consensus mechanism that can wrap up transactions in only six seconds.
Terra is based on two cryptocurrencies. Although Terra-supported stablecoins such as TerraUSD are linked to the value of actual currencies, LUNA-USD is developed to forge additional Terra stablecoins.