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Top 12 Breakout Altcoins to Watch This Summer

The crypto market has suffered heavy losses over the past eight months, which is why many believe a breakout could be in sight, given that most coins and tokens are currently heavily undervalued. With that in mind, we decided to scan the altcoin market and try to identify cryptocurrencies that might be among the first to see a breakout once the market allows.

Although it is impossible to say when this might happen, or if it will happen for these specific coins, many believe that the summer of 2022 could change things. If that happens, these are the coins we’re most optimistic about.

1. Helium

For starters, we have Helium, a decentralized network for Internet of Things devices that uses its core network to allow low-power wireless devices to connect and communicate with each other. This has great implications for sensors and similar IoT devices, which can be used to dramatically improve taking various measurements and improving different services, living conditions, etc.

The reason we think Helium deserves the top spot is the fact that it just announced integration with Streamr, another project that also handles similar data types, which makes both very compatible with each other.

To learn more, see our Investing in Helium guide.

2. Stream

In light of the Helium x Streamr integration, placing Streamr right after Helium should come as no surprise. It is an open source project and a decentralized platform that uses cryptography to avoid reliance on trust. It operates as a real-time P2P data infrastructure that includes a platform and tools for a new data economy.

Its technology stack includes a highly scalable real-time messaging network hosted on computers around the world, a set of tools for working with real-time data, and even a marketplace for exchanging and selling data.

To learn more, visit our Investing in Streamr guide.

3. Songbird

In third place we have Songbird – a network canary for another project called Flare. Both feature the same technology and are designed for universal connectivity. They enable better bridging, cross-chain composability, seamless decentralized integration with Web2 data, and more.

But, as often happens, a canary network can take on a life of its own with new projects deciding to stay, rather than move on to another network once they mature, making Songbird an opportunity to legitimate investment.

To learn more, see our Investing in Songbird guide.

4. STEP

Then we have STEPN, which is a project that aims to combine health and finance in a unique way. The project uses NFTs in the form of digital sneakers, and by purchasing these sneakers, then walking or running with your phone in your pocket, you earn the project’s native GMT token.

STEPN calls itself a Web3 lifestyle app, with GameFi elements, and it combines P2E aspects with a fitness app in a unique new way. Although there have been attempts to make walking a source of crypto in the past, no other project has done so in such an advanced, practical, and extremely functional way as STEPN.

To learn more, visit our Investing in STEPN guide.

5. Gimbal

In fifth place we have Cardano, which is already among the biggest cryptocurrencies in the market. However, we believe Cardano is extremely undervalued, given that it launched smart contracts just before the bear market hit in late 2021. As a result, its price never saw the increase it deserves. , considering all new uses. case that the project has.

Additionally, Cardano continues to develop, with only two of its five development phases currently complete. As a result, Cardano is a great long-term investment, and as soon as the bears pull back, we expect to see its price soar to previously uncharted highs.

To learn more, visit our Investing in Cardano guide.

6. Celer Network

Halfway down the list we have Celer Network – a blockchain interoperability protocol that aims to allow users to access tokens, DeFi, GameFi, NFT, governance, etc., across chains and with a single click. . It’s one of the most forward-looking projects in Web3 development, so we think it has great long-term potential as well.

Celer was founded in 2018 by a strong team of engineers with highly technical and specialized knowledge and experience, and all four of its co-founders hold PhDs in computer science from highly reputable universities.

To learn more, see our Investing in the Celer network guide.

7. Band Protocol

The seventh project on our list is Band Protocol – a project that offers a decentralized oracle network that leverages information from off-chain sources and feeds it to blockchain, smart contracts, dApps, and more.

While Band Protocol isn’t the first project of its kind — that honor goes to Chainlink — it does have an edge because it runs on the Cosmos blockchain, which is much faster and more scalable than Ethereum, which runs Chainlink. However, many say that the two are not competitors, as the crypto industry is certainly large enough that both are employed simultaneously and remain busy at all times.

To learn more, see our Investing in Band Protocol guide.

8. Balancer

Then we have Balancer, which is an automated market maker (AMM) that runs on-chain Ethereum. The platform was launched over two years ago, in March 2020, and it functions as a self-balancing weighted portfolio, liquidity provider and price sensor.

Essentially, the project allows users to earn profits using its native BAL token, contributing funds to customizable liquidity pools. There are several types of pools, including private pools, shared pools, and smart pools.

To learn more, check out our Investing in Balancer guide.

9. Star Atlas

In ninth place we have Star Atlas – a metaverse project that offers a massively multiplayer online game that was built using Unreal Engine 5. The game takes place in a futuristic SciFi setting, in the year 2620. At this point, humanity is pitted against two other factions – sentient androids and a consortium of alien races.

The game is a mixture of genres, such as flight simulation, exploration, RPG, etc., and the goal is to search for resources in the universe and exploit them before other factions in order to improve and enrich your own faction. It’s a very interesting game with a lot of hype surrounding it, so we’re optimistic about its future.

To learn more, see our Investing in Star Atlas guide.

10. Telcoin

Tenth on our list is Telcoin, which is a native medium of exchange, reserve asset, and protocol token of the user-owned decentralized finance platform of the same name. Its token, TEL, allows users to access and power a global suite of user-owned decentralized financial products.

In addition, it encourages coordinated market participation and encourages the provision of specific value-added services to end users, thereby aligning the incentives of the Telcoin ecosystem with providing all telephone users around the world with access to fast, affordable and user-owned financial products.

To learn more, visit our Investing in Telcoin guide.

11. Network of looms

Towards the end of our list, we have Loom Network. It is a popular platform as a service that runs on the Ethereum blockchain. The project aims to provide developers with the ability to run dApps at scale and create smart contracts that can access massive amounts of computing power when needed, or maintain the same power at lower cost for tasks. such as new user onboarding trials, or applications that do not require full blockchain security to function.

Under these circumstances, users would have the ability to access third-party developed APIs that do not run on-chain. On top of all that, Loom also aims to be the ultimate platform for running smart contracts that don’t require switching between different programming languages.

To learn more, check out our Investing in the Loom Network guide.

12. Solana

Finally, we have Solana – another well-known major project that we believe is deeply underrated. As many may already know, Solana was developed as a project that would solve one of the biggest and most enduring problems with older blockchains, namely the lack of scalability. In doing so, it managed to become the most scalable blockchain in existence today, capable of executing hundreds of thousands of transactions per second.

According to his team, the network only starts to struggle when the TPS count hits 400,000 TPS. Meanwhile, he’s perfectly comfortable with dealing with 100,000 TPS. By comparison, Visa processes around 1,700 GST, making Solana a true technological marvel. The project has become one of the most popular Ethereum alternatives as many have started to leave the Ethereum network due to its lack of scalability, high gas prices, and long wait times. Meanwhile, Solana doesn’t suffer from any of these issues, which is why it ranks just as high as it does, as one of the projects with the most potential to become the so-called “project killer”. ‘Ethereum’.

To learn more, visit our Investing in Solana guide.

Conclusion

The crypto market has seen many losses since reaching its peak on November 11, 2021. If you are one of those who think a period of growth could be in sight, then the altcoins listed above do part of those we think could see a middle finger pop. That said, we recommend that you check them out and watch them closely, and if you happen to agree with us after conducting your own research and analysis, then invest in them now, while they are at rock bottom, could be a profitable thing to do in the long run.