The crypto market was at its peak back in October 2021. However, in November 2021, the entire market crashed hard and fell by an average of 75%. Many tokens got crushed and were pulled out of the crypto market, making thousands of investors lose all their money. However, there are still many good crypto projects out there, despite the bearish outlook of their prices. Smart investors wait for crashes in order to stock up on their favorite cryptocurrencies. In this article, we’re going to mention 3 cryptos that have a massive upside. You might not become a crypto millionaire, but you’ll definitely earn big once the market recovers
#3 Polygon (MATIC)
Polygon is an Ethereum network scalability solution. The Ethereum blockchain was the first to implement smart contracts, making Ethereum the undisputed leader in decentralized applications. However, as the number of smart contracts has grown, Ethereum has struggled to make transactions speedy and efficient. The Polygon network was born out of this.
Polygon is a layer 2 solution that offloads the Ethereum blockchain using a second level and many sidechains. Polygon’s so-called “plasma chains” are particularly crucial. These Ethereum sidechains take the smart contracts off the Ethereum network. If necessary, developers of decentralized applications and smart contracts might outsource their labor to the Polygon network. This addresses Ethereum’s scalability issues.
#2 Ripple (XRP)
Ripple is a project that allows users to send, receive, hold and move currencies across borders in a fast and reliable way. Our current system which relies on banks and payment gateways is slow, fragmented, and expensive. Ripple company can settle transactions in 3 to 5 seconds from anywhere in the world. It is in fact much faster than Bitcoin and Ethereum!
Additionally, the infrastructure is highly scalable and is able to handle more than 1,500 transactions every second. You might ask now, How is this all possible? Well, RippleNet uses the open-source XRP ledger blockchain to track, process, and guarantee all transactions. But unlike Bitcoin, XRP does not use Proof-of-work and has no concept of mining. This means that the blockchain’s power consumption is minimal and is able to keep transaction fees low. XRP transactions are handled by an independent community of validation nodes who maintain the network and the transaction protocol.
#1 Cardano (ADA)
Cardano is a cryptocurrency that has been around since 2017 and has been extremely successful in recent years. Cardano is a blockchain network that uses the Proof-of-Stake consensus mechanism. The blockchain is one of the most tech-savvy on the market. It combines a high level of security, is organized in a decentralized manner, and is highly scalable.
What is special about Cardano is the fact that the Cardano Foundation works with scientists behind the cryptocurrency to further develop the blockchain. The blockchain will be further developed using evidence-based methods. The development follows a long-term roadmap. Cardano is often referred to as the “Ethereum killer”.