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As many in the crypto industry know, the crypto prices tend to move in cycles. This means that they have a period when they rise, followed by a period where the prices crash, and then finally a period when the prices seem stagnant and struggling. The skill of each successful investor lies in recognizing when each of these periods will come, and what projects have real potential to blow up once the period of growth arrives again.
For example, investing into DeFi protocols years and years ago when they first appeared would have been useless then, but if you invested in them and waited for 2020, you would have been able to make a massive profit. But, only if you invested into projects that hold real potential. Identifying such projects and then having the patience to wait is really all the skill you need when you invest long-term.
If you wish to ride the first wave to come, however, you need to take into consideration the current trends, the projects, their technology, and, as mentioned, to recognize which period is currently controlling the crypto world, and how long it will stick around. With that said, we have made a list of top 10 coins that we believe have the potential to break out once the period of growth returns, and the bull runs start dominating the crypto industry once again. Check them out, research them for yourself, and if you agree with our assessment, consider supporting them and investing in them.
The first on our list is Solana, which is currently the biggest Ethereum alternative out there. Solana emerged after its developers had enough of Ethereum’s high fees and slow network that was incapable of scaling up to reach demand. So, they created the most scalable network in the industry, and thus Solana was born.
According to the devs, Solana can easily scale to match 100,000 TPS if necessary, and they even managed to push it to 400,000 TPS, which is when the network started struggling. Thanks to such incredible scalability, Solana quickly started attracting countless projects, developers, and users, and we believe that many more will come in the future, pushing its native coin to new heights.
To learn more visit our Investing in Solana guide.
2. Shiba Inu
In the second spot, we have Shiba Inu. This is a memecoin that was inspired by Dogecoin, the original memecoin, and its success over the last 9 years. As you may know, DOGE was created in 2013 as a joke – a way to lighten the mood in the crypto world of that time, and it was never expected to survive.
However, it became a favorite crypto of the industry, and that popularity kept it afloat to this day. It even inspired a trend of memecoins, which is what led to the creation of Shiba Inu, and interestingly enough, SHIB managed to outperform DOGE briefly last year. As a refreshing new addition, we believe that it might be able to do it again and skyrocket even more than last time.
To learn more visit our Investing in Shiba Inu guide.
Metahero is an interesting project that functions as a deflationary real utility token, which uses ultra-realistic 3D technology to generate 3D avatars and virtual objects. It is a perfect project to create your virtual representation for social media, games, fashion, art, and even medicine.
We believe that it belongs on this list due to the fact that the world is growing more and more digital, to the point where metaverses – digital, blockchain-based universes – became one of the largest trends around the world. Since metaverses can be used for gaming, social media, and all even virtual events and meetups, we believe that they will continue to blow up and that this project will be highly popular in generating avatars and items to populate digital worlds with.
To learn more visit our Investing in Metahero guide.
4. Band Protocol
In the fourth spot, we have Band Protocol, which is a decentralized oracle network that delivers information from the real world to the blockchain. Similar to Chainlink, Band Protocol is used for feeding crucial data to smart contracts, which allows them to function and know when the terms of the contracts have been fulfilled. In turn, smart contracts know when to trigger certain actions.
However, we believe that Band Protocol has greater capabilities than Chainlink because it is based on the Cosmos (ATOM) blockchain, while Chainlink is still bound to Ethereum’s network. With Cosmos being much more scalable, it is also much cheaper to use, which is why it is likely to outperform Chainlink in the future.
To learn more visit our Investing in Band Protocol guide.
5. Theta Network
Halfway down the list, we have Theta Network — a blockchain-powered network that was created for video streaming. Essentially, the project wishes to disrupt companies like Twitch and YouTube which dominate the industry, and prevent any competition from surviving for long enough to become a threat.
Theta will offer streaming in a decentralized way, by allowing users to contribute their bandwidth and other computing resources which streamers can then use to get their content across. Meanwhile, those who contribute the resources get rewards in the project’s native token, THETA. Of course, streaming is huge today, and it is only going to get bigger, which is why we think that Theta has great potential to grow and expand.
To learn more visit our Investing in Theta Network guide.
Secret is a privacy-oriented, Cosmos-based blockchain that allows dApps to use private data. It functions similarly to smart contracts operate in other blockchains, only here, smart contracts are called Secret Contracts, and they transfer encrypted inputs into encrypted outputs.
As a result, data never gets exposed, as the contracts remain encrypted at all times during the execution. With countless cases of data misuse over the last two decades, data privacy has grown to be a major concern among internet users, which is why we believe that Secret will see quite a few users interested in achieving some actual privacy online.
To learn more visit our Investing in Secret guide.
In the seventh place, we have Aleph.im, which is an open-source cross-chain network that features a decentralized database. This includes things like computing, file storage, and a decentralized identity framework. The project’s goal is to help with making apps and protocols more decentralized, by stripping off the centralized parts of their systems. What is left is fully decentralized architecture, and this can help push the DeFi ecosystem into a new era of total decentralization.
DeFi has been huge for 2 years now, and it doesn’t show any signs of stopping. In fact, projects like Aleph.im can help it achieve true state of decentralization, which is why we expect that this project will also survive and prosper.
To learn more visit our Investing in Aleph guide.
Moving forward, we have Anyswap, which is an entirely distributed protocol launched in July 2020, with the goal of enabling tokens to be swapped from various platforms. In other words, it is a cross-chain swap and trading protocol that aims to connect blockchain networks in a way that will allow a seamless, quick, and cheap way to transfer your wealth from one chain to another, without having to use exchanges.
Since this is the kind of interoperability that was sought for years in the crypto world, we believe that there is a great chance that this project might be a crucial part of trading in Web3 environment.
9. Akash Network
Nearing the end of our list, we have Akash Network. This is a project that acts as the world’s first decentralized cloud computing marketplace, and the DeCloud for DeFi. It is another Web3 project that offers fast and simple deployment for your apps, which can be done in mere minutes. There is no need to set up, configure, or manage servers. There are only a few steps where you need to define your application, specify resource requirements, set your price, and you’re done.
As for what can be deployed, the project claims that any cloud-native and containerized application can run on Akash Network’s decentralized cloud. With cloud computing and decentralization both capturing the minds of internet users, it is quite clear why this project found its way to our list.
To learn more visit our Investing in Akash Network guide.
10. Mines of Delarnia
Last, but not least, we have a project called Mines of Delarnia. This is a blockchain-based game featuring its own metaverse that was inspired by games such as Minecraft. Essentially, the project offers pieces of land that investors were able to purchase, and then rent that land to players. As for the players, they are tasked with mining and locating various minerals, resources, relics, and more, and they can use these resources to improve their gear and make new items to make them more productive and faster at mining and discovering more of those resources.
Alternatively, they can sell them in the form of NFTs and earn real money in exchange. The game just launched its mainnet version a few days ago, and we believe that it will be a major hit, given the success that Minecraft itself has seen over the years.
To learn more visit our Investing in Mines of Delarnia guide.
The cryptocurrency world is filled with diverse coins and tokens, each of which aims to do a different thing. There may also be some that are seeking to achieve the same outcome, but by using different approaches, where one may be better than the other. In the end, it is your task as an investor to seek out these projects, recognize their potential, and invest in them before they blow up, and to help you achieve that goal, we have created our list of top 10 projects to watch this May.
While we cannot guarantee that all of them — or any of them, really — will, in fact, go big this month, these are definitely projects that have the potential to do so. In the end, we simply wish to point out projects to keep an eye on, and when and if the opportunity arises — you will be ready to take it.