Undoubtedly, after this crypto winter there will be many opportunities to take advantage of if growing our capital is what we want. Cryptos with high potential to buy now are at the top of everyone’s mind. These three top cryptocurrencies present us with this opportunity. They are doing amazing updates and work on their projects. Of course, this is a good sign of their commitment and long term. Let’s take a quick look at these three cryptos that are worth considering having in your portfolio.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is an exciting blockchain platform that is causing a stir in the cryptocurrency world. This is because of its potential to deliver significant gains. Imagine it as a kind of community supercomputer run by the people. Its unique approach lies in solving problems common in other blockchains, such as slow transactions and poor interoperability. This makes it an ideal environment for decentralized applications (DApps) and makes it more accessible by using easy-to-understand account names instead of confusing wallet addresses.
At NEAR, the community, known as the NEAR Collective, works tirelessly to improve the platform and release updates. Their goal is to build a system that is secure for managing valuable assets and efficient enough for people’s daily use. In addition, NEAR sets itself apart by being home to exciting projects like Flux (FLUX). Flux allows developers to create asset-based marketplaces.
If you’re excited about the future of artificial intelligence and blockchain, you can’t miss NEARCON ’23, an annual event that explores the merging of these two fields. Key figures like Illia Polosukhin, NEAR co-founder and AI expert, lead conversations on how AI is shaping consumer behavior analytics and revolutionizing work and governance in blockchain. NEAR’s vision is to create an open internet where users are in control of their data and assets, participating in value creation and decision making.
The NEAR Foundation’s leadership is evolving to continue to advance its vision. Marieke Flament, a key figure, moves to an exclusive board position. Chris Donovan, the Foundation’s General Counsel, assumes the role of CEO to work closely with the community and maintain the foundation’s commitment to its current strategy. This crypto easily earns its spot on our list of cryptos with high potential to buy now.
Aave (AAVE)
Aave (AAVE), a decentralized finance (DeFi) platform, is in the spotlight due to their exciting new developments that could bring strong performance to cryptocurrency wallets. Recently, they launched GHO, a new stablecoin on the Ethereum mainnet. What’s interesting is that this coin is different, being “decentralized and backed by a variety of digital assets, including Ether (ETH) and Aave’s native token, AAVE.” This provides unique stability and guarantees of value.
In addition, Aave has expanded its reach by implementing its protocol on the Ethereum layer-2 Metis scaling platform. This decision has unlocked a number of DeFi features and products for its growing ecosystem. The Aave community also voted to explore the use of the zkSync Era platform, which promises significant improvements in protocol performance.
It is important to note the difference between Optimistic Rollups and zk-Rollups, two layer 2 scaling solutions. The former process off-chain transactions before publishing them to the main chain, while the latter execute off-chain transactions and present them to the main chain as a single proof of validity, eliminating the need for the network to validate each transaction individually.
The implementation of Aave at Metis provides notable benefits to users, including the ability to borrow with less collateral, improved risk management and access to a wide range of DeFi solutions through its interconnected portals. Transaction costs are also optimized, reducing fees.
Algorand (ALGO)
Algorand (ALGO) is a blockchain platform designed to provide a seamless, efficient and secure experience for users and developers. It is like the engine that drives a high-speed train, providing a backbone for diverse applications. What sets Algorand apart is its impressive transaction speed, the latest update of which reduces transaction time to just 3.3 seconds. This means that when a transaction is sent in Algorand, it is confirmed almost instantly, creating a seamless and frustration-free user experience.
What’s more, their recent innovation, Conduit, is like a toolkit for developers, allowing them to access the data they need from the blockchain without the heavy overhead of running a file node. Conduit allows dApps to customize their access to data, giving them more control and flexibility. This means they don’t have to rely solely on third-party vendors, offering a more affordable and tailored solution.
So why is Algorand considered an attractive asset for potential high returns in your cryptocurrency portfolio? It’s because Algorand continually evolves to provide world-class user experiences and support a wide range of real-world applications. Its speed, efficiency and easy-to-use tools make it an exciting addition to the ever-expanding world of cryptocurrencies. If you’re looking for a blockchain that combines technology with user satisfaction, Algorand is a name to consider. If you are looking for cryptos with high potential to buy now, start here.
As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
