Crypto Analyst Recommends 10 Safe Altcoins Now

Mystery
of
Crypto,
a
popular
analyst
and
cryptocurrency
veteran,
identifies
ten
altcoins
with
strong
potential
amidst
the
prevailing
uncertain
market
conditions. 

The
crypto
market
is
actively
recovering
from
Monday’s
shock,
leading
some
to
believe
this
is
a
good
time
to
buy
promising
assets.

Altcoin
Picks
for
Optimal
Performance
Amid
Market
Jitters

Amidst
market
fears,
the
crypto
industry
recorded
over
$1
billion
of
liquidations.
It
marked
the
biggest
collapse
a
single
day
after
the FTX
scenario in
November
2022.
Spotting
them
for
stability
and
growth
prospects,
the
analyst
identifies
ten
altcoins
that
are
safer
bets
during
uncertain
market
conditions.

Toncoin
(TON)

Toncoin is
the
first
choice,
given
the
number
of
decentralized
applications
(DApps)
built
atop
the
network.
These
DApps
span
gaming,
social,
and
DeFi,
among
others,
and
have
recorded
significant
user
growth
over
the
last
six
months.

Based
on
DefiLlama
stats,
TON
blockchain
records
over
four
million
daily
transactions.
Latest
data
shows
that
it
has
a
total
value
locked
(TVL)
above
$560
million,
a
20%
growth
since
Monday,
adding
credence
to
the
analyst’s
selection.

Read
more:
6
Best
Toncoin
(TON)
Wallets
in
2024

Solana
(SOL)

Solana
secures
the
second
place
in
the
list
due
to
its
strong
performance
in
2024.
The
analyst
highlights
its
key
features:
high
scalability
and
low
transaction
fees,
making
it
a
compelling
choice.
Strong
interest
from
developers
and
institutions
also
supports
SOL’s
position
as
a
top-tier
altcoin.

Recently,
Solana
outperformed
Ethereum
in
weekly
revenue.
More
closely,
it
remains
the
most
preferred
blockchain
for
memecoin
traders,
which
positions
SOL
for
performance.
There
are
also
prospects
for
a
Solana
ETF,
which
continues
to
provide
tailwinds
for
SOL.

Arbitrum
(ARB)

Arbitrum
is
a
key
player
among
Ethereum’s
Layer-2
(L2)
scaling
solutions,
boasting
over
408,000
daily
active
users.
Data
shows
that
its
TVL
is
above
$2.5
billion,
higher
than
Polygon
(MATIC),
Optimism
(OP),
and
other
L2s.

After
its
Kwenta
launch
and
Orbit
expansion, Arbitrum delivers
a
top-tier
trading
interface
and
is
frequently
praised
for
the
best
perpetuals
user
experience
in
DeFi.
This,
coupled
with
the
backing
of
Pantera
Capital,
positions
ARB
for
good
performance,
according
to
Mystery
of
Crypto.

Ondo
Finance
(ONDO)

Ondo
Finance
features
on
the
list
of
multiple
analysts,
including AltcoinDaily,
with
both
citing
its
ability
to
turn
RWAs
into
digital
tokens. 

The
network’s
strong
partnerships
with
BlackRock
and
Coinbase
Ventures
also
make
strong
fundamentals
for
the
project.
Moreover,
the
Pyth
Network
launched
a
USDY/USD
price
feed
in
collaboration
with
Ondo
Finance,
which
adds
to
the
list
of
project
fundamentals.

Read
more:
What
is
Tokenization
on
Blockchain?

Near
Protocol
(NEAR)

According
to
the
analyst,
the
Near
Protocol
is
known
for
resilience
and
innovation.
Its
developer-friendly
platform
continues
to
attract
more
projects,
and
it
has
an
$800
million
ecosystem
fund
to
seed
and
support
new
projects.

It
boasts
the
highest
daily
active
users
among
L1
scaling
solutions,
only
second
to
Solana,
which
positions
NEAR
to
do
well
in
uncertain
market
times.

Mantra
(OM)

Mantra
meets
the
analysts’
bar,
given
its
move
to
enhance
Ethereum
functionality
and
promote
accessible
financial
services.
Given
the
growing
interest
in
real-world
asset
(RWA)
tokenization,
it
is
also
positioned
for
good
returns.

The
project
launched
Season
2
of
50,000,000
OM
GenDrop,
whereas
the
dYdX
ecosystem
added
OM
to
its
chain,
bringing
new
exciting
opportunities.
Further,
with
more
than
$50
million
OM
tokens
staked,
the
reduced
supply
increases
the
chances
of
further
upside
for
OM
tokens.

EtherFi
(ETHFI)

EtherFi
is
a
leading
restaking
platform
running
on
Ethereum.
The
project
recently
released
Season
2
claim
checker,
distributing
more
than
53
million
ETHFI
tokens
worth
approximately
$100
million.

Its
participation
in
the
rewards
model,
which
promises
even
more
exciting
opportunities
for
users,
could
drive
more
interest
in
the
ETHFI
token.
Moreover,
the
project
also
has
Cash,
a
mobile
wallet
with
Visa
credit
card
integration.

Read
more:
Ethereum
Restaking:
What
Is
It
And
How
Does
It
Work?

Polygon
(MATIC)

The
Polygon
blockchain
collaborates
with
Axie
Infnity’s
Ronin
Network
via
its
Polygon
Chain
Development
Kit.
Given
its
essence
as
a
scaling
solution
for
Ethereum,
more
than
17,800
DApps
are
actively
running
on
Polygon.
It
is
popular
among
DeFi
and
NFTs
projects,
with
35
million
MATIC
tokens
allocated
for
its
ecosystem
projects.

Render
(RNDR)

Render
is
one
of
the
AI
crypto
coins
with
decentralized
GPU
network
services,
which
makes
it
essential
for
gaming
and
movies.
Recent
social
dominance,
active
addresses,
and
whale
transaction
metrics
have
been
at
a
six-month
peak
amid
AI
hype,
making
RNDR
a
potential
big
shot.

Arweave
(AR)

Arweave
has
been
demonstrating
its
strength
in
the
blockchain
industry.
This
network
provides
permanent data
storage,
with
users
leveraging
it
to
store
data
for
a
one-time
payment.
Over
one
petabyte
of
data
is
stored
on
the
Arweave
network,
which
connects
individuals
needing
storage
with
those
with
hard
drive
space.

The
project
announced
a
100%
fair
launch
for
its
new
token
with
no
pre-mine
or
pre-sales.
This,
coupled
with
its
recent
partnership
with
InQubeta,
a
blockchain
firm
that
enhances
technology,
makes
AR
a
coin
to
watch.

Mystery
of
Crypto
also
highlights
Chainlink
(LINK)
as
a
potential
big
shot,
citing
its
launch
of
a
digital
assets
Sandbox
for
tokenization
trials.
Its
partnerships
with
technology
giants
like
Google
and
Oracle
make
LINK
a
good
choice.

Nevertheless,
traders
must
not
rely
solely
on
analyst
predictions.
Conducting
one’s
own
research
is
always
advisable.