Altcoins as a whole have seen unprecedented development and adoption in the past year. The market dominance of Altcoins has increased from an almost negligible share to above 55% at the moment.
Previously, investors who bet on Bitcoin (BTC) and Ethereum (ETH) in the early stages took a significant share of the profit. However, the prices of these two cryptocurrencies have appreciated. Since its meteoric rise, everyone has been looking for the next bitcoin and the next Ethereum.
Well, the good news is that there are still cryptocurrencies out there with great potential and lower price entry points. The native currency of Cardano (ADA) and Polkadot (DOT), had a good year. Consequently, they are tied in the rankings by market capitalization and both are in the top ten cryptos. While the former was in 5th place and was trading at $1.45, the latter was in 8th, trading at $24.98, according to the website. coinmarketcap.
The two altcoins also took the lead in total staked value.
The current CEO of Canadian blockchain startup Decentral, Crypto, Wallet and Jaxx believed in the potential of currencies to grow even further because “projects are managed by individuals with specific goals”.
Now I kind of went back to simplicity. I’m on a lot of different projects, but most of my stuff is on the main projects. I’m a big fan of Polkadot, I’m a big fan of Cardano.
It is no surprise, having worked with Charles Hoskinson of Cardano, and Gavin Wood of Polkadot, that Di Iorio has established strong relationships with these individuals.
Big fan of Charles, so to speak. You know, taking some different approaches to the way they’re doing things, much more on the academic side than he did and bringing things forward. Big fan of Gavin Wood.
Also, adding to his observations, he said:
Knowing these guys from the time of Ethereum – and knowing their motivation, their competitiveness and their intelligence – I could see these projects in recent years and know that they would get where they are.