The Next 1000x Altcoins: The crypto market has been largely uneventful for the past few months. All the major cryptos have been trading between ranges for the better part of the year. While long-term investors have always rued crypto volatility, crypto traders fell in love with it right from day one.
Many crypto traders have used the volatility of crypto markets to make handsome returns. However, with the markets ranging for several months, they are forced to look for better opportunities. The hunt for the next 1,000x coin has only gotten more heated.
The Next 1000x Altcoins: BitTorrent, Snowfallprotocol, and Fantom? BitTorrent (BTT) (BTT)
The popular torrent client was BitTorrent’s original form. Before TRON bought BitTorrent in 2018 and transformed it into a vast De-Fi project with its native coin. Because of its steadfast position on the legality of its P2P file-sharing platform, BitTorrent has a distinguished history of taking on powerful businesses. It’s only natural that BitTorrent would become one of the major De-Fi projects that rival Trad-Fi systems worldwide.
Users can practically utilise BitTorrent Tokens. Users of BitTorrent can pay other users to make their files available for download by using the BTT token. All BitTorrent users now can create BTT without the need to instal any additional hardware or software in one fell swoop. BTT is a well-known and extensively used token as a result of its degree of ease. The utility of BitTorrent will increase, driving up the value of BTT, as streaming service rates rise, censorship tightens, and education expenses rise.
Fantom (FTM) (FTM)
A layer-1 blockchain called Fantom (FTM) provides a better alternative to well-known smart contract cryptocurrencies available today. Fantom is forging its route as the largest platforms struggle to handle their transactions, which can take several minutes and hundreds of dollars worth of coins in fees. Fantom is intended to be a very scalable platform.
It costs a small fraction of what the other cryptos do and can process thousands of transactions in just a few seconds. Fantom has built decentralisation since it is open-source, garnering the high trust of cryptocurrency users who have been burned several times by centralised crypto projects.
The $40 million that Fantom was able to obtain to support its development says eloquently about the confidence that investors have in this innovative platform. Institutions have currently mostly avoided Fantom. Fantom’s native token FTM will go into circulation once they notice it. Fantom is one of the leading candidates to become the following 1,000x altcoin.
Protocol for Snowfall (SNW)
A cross-chain bridge called Snowfall Protocol (SNW) aims to link blockchains together. There has never been a more pressing need for a quick, scalable, and secure bridge to link different blockchains. The significance of a secure bridge has been reaffirmed by the most recent round of cryptocurrency attacks, particularly those targeting blockchain bridges.
The Snowfall Protocol (SNW) provides just that. Due to its security-first approach to cross-chain bridges, Snowfall Protocol (SNW) has attracted the interest of the whole De-Fi community.