Top 10 Picks for Upcoming Alt-Season

Altcoins, also known as Alternative cryptocurrencies, have started to record a massive improvement across all boards. Most of the small-cap coins have seen their gain tripled within the last few weeks. Even most of the larger cap coins like VeChain (VET), Stellar (XLM) Chainlink (LINK) have seen their gain rise within the last few days

This bullish movement has posed a lot of questions and answers among crypto investors. It has led to investors looking for the best Altcoin to invest in in the coming season. Another positive news that might work in favor of Altcoins in the coming season is PayPal’s latest crypto service, which will allow merchants to starting accepting digital currency from consumers. And most crypto enthusiasts think that the e-commerce store might even expand their support for other popular altcoins in the future.  

All these have led to several questions about Altcoin’s future, with many investors stating their willingness to invest in popular altcoins. With all this positive news surrounding altcoins, we should expect surprises in the future. Let us look at the top 10 picks for the upcoming Alt-season.  

1. Waves

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Waves is one of the best Altcoin smart contract platforms. The platform was launched in 2016 as an open-source platform with the aim of addressing the barriers that stand in the implementation of the mainstream blockchain, like speed and scalability. 

Waves earlier started as an asset tokenization platform, however, with the course of time, it ventured into a smart contract and dapps development platform. It is known as one of the ideal platforms for ICOs and crowd sales. Also, creating a token on the platform is very easy as it doesn’t require much technical knowledge about the platform. Thus Waves is our top choice to look up to for the upcoming Alt season.

Waves is available at Binance among many other major exchanges.

 2. Ocean Protocol

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The ocean protocol is a decentralized data exchange protocol designed to unlock data for AI. It was unveiled in 2017. Since Al likes data, it means that the more data it has, the more output it will give. However, a lot of data is locked behind closed doors. To unlock these data for the digital economy and train the Al models, you will need to unlock the private data. It is where the ocean data privacy comes. It unlocks the private data while at the same time preserves the privacy of users.  

The ocean data privacy aims to decentralize and democratize the sharing of data surely and privately. With the ocean protocol, data providers will be connected to the consumers for data sharing while guaranteeing transparency, traceability, and trust for all parties, which is positive news for altcoins.

Ocean is available at Binance.

3. Energy Web Token

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Launched in mid-2019, EWT features a native utility token known as the Energy Web Token. The EW – DOS is a public, open-source stack of technologies aimed at connecting customers, assets, and the existing OT systems and the energy sector with the energy markets and programs. The token aims to protect the network against misbehavior while compensating validators through transaction fees and block awards. The token can also be used to pay for services that streamline and improves the dApps.  

The price of the EWT is currently $6.06 with a $581,448 trading volume. The coin is currently ranked #74 in CoinMarketCap with a market cap of $182,078,908. Its circulating supply is presently 30,062,138 EWT coins with Uniswap, the leading exchange trading the Energy Web Token. It is currently one of the Altcoins to look out for in the upcoming season.

EWT is available at Kucoin and Uniswap.

4. iExec RLC

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It is one of the decentralized, open-source computing platforms which is running on the Ethereum blockchain. The Run on Lots of Computers (RLC) grants decentralized applications (dApps) access to computing resources and technologies on the iExec cloud.  

The platform provides blockchain technology services through access to the cloud – allowing for the development of a market of applications and digital products in exchange for the payment of a secure infrastructure digital currency called RLC. 

The iExec network comprises computing resource providers who link their machines to the network and get rewarded in RLC tokens for contributing resources to the network.

iExec RLC is t is available at Binance and Bittrex.

5. AAVE

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Founded by Stani Kulechov, the Aave is an open-source and non-custodial protocol designed to allow users to earn interest on the deposit and borrow assets. It enables the creation of a liquidity market. The Aave DeFi lending protocol allows users to lend and borrow different cryptocurrencies using variable interest rates.   

The lenders earn interest when they deposit digital assets into distinctively created liquidity pools. Borrowers, however, will use their crypto as collateral to assess loans using this liquidity.

AAVE is available at Binance and Wazirx among many other major exchanges.
It is one of the leading Altcoins to check out in the upcoming season.

6. VeChain

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It was founded by Sunny Lu, one of the top executives formerly working with Louis Vuitton China. The VeChain (VET) is a blockchain-powered supply chain platform that was unveiled in mid-2016. The VET aims to use the distributed governance and Internet of Things (IoT) technology to design an ecosystem which will solve the primary problems encountered with supply chain management. 

The VET and VTHO are the two in house tokens which the platform uses to create and manage its crucial VeChainThor public blockchain. The platform uses transparent technology with less risk of weakness or control and with greater security, efficiency, and ease of tracking products in a given supply chain while reducing cost through trustless automation.

VET available at Binance among many other exchanges. The way the coin is expanding and gaining attention makes it one of the altcoins to look out for in the upcoming season. 

7. Cosmos

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It is one of the leading Altcoin cryptocurrency projects in 2020, which is getting wide attention in some countries like India. Cosmos (ATOM), also known as the “Internet of blockchains” by its founding team, aims to create a network of crypto networks unified by open source tools for streaming transactions between them. It is because of the way that cosmos prioritize design and interoperability that make Cosmos stand different from other projects.

The Cosmos platform, a proof of stake blockchain, is powered by its native token called ATOM cryptocurrency. 

ATOM is available at Coinbase. The rate of adoption of the coin makes it one of the upcoming Altcoins to watch out for in the forthcoming season. 

8. Algorand

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Founded by Turing award winner and MIT professor Silvio Micali and Launched in 2019, Algorand is a scalable, decentralized, and secured digital currency and transactions platform. It is one of the latest projects that aim to expand the possible use cases for cryptocurrency by fastening transaction speed and reducing the time it takes for transactions to be completed on its network. 

One of the outstanding features about Algorand is that it distributes the ALGO cryptocurrency, which it introduces to the economy with each block given to anyone who holds a certain amount of the currency in its wallet.  

 ALGO is available at Coinbase and Binance. The ALGO coin is one of the top ten picks for the upcoming Altcoin season. 

9. Alpha Finance

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The Alpha Finance Lab was recently unveiled in the Binance exchange and started with Binance Smart Chain (BSC) and Ethereum. The platform is a multi Defi platform that aims to build an ecosystem of interoperable products while transferring ALPHA to users on various blockchains.

The platform’s native utility token is the ALPHA. The users (token holders) earn a portion of the network fee when they stake on ALPHA. Also, the ALPHA can be used for governance voting and liquidity mining. 

Alpha lending, which is the project’s first product, is a decentralized lending protocol. And users can make a profit when they offer assets supported on the protocol to cover any default loans. 

ALPHA is available at Binance. It is one of the Altcoins to look out for in the coming season. 

10. ANKR

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Ankr is a cryptocurrency-based cloud computing platform focusing on utilizing the existing compute – resources to drive the network instead of requiring a new hardware installation. It is seen as an eco-friendly platform that provides Cloud services.  

Ankr is currently working on having an infrastructure platform and marketplace for Web3-stack deployment. The latest blockchain infrastructure will focus on allowing resource providers and end-users to have quick access to blockchain technologies and DeFi applications. However, the Ankr cloud services work independently from the public cloud providers, and it is powered by geographically distributed enterprise-grade datacenters to increase stability and resilience.  

ANKR  is available at Binance and Wazirx. It is one of our top ten picks for the upcoming Alt season.  

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Written by:  Narender Charan

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