At Altcoin Buzz, we like to be transparent. That’s why we recently gave you an insight in the coins that our CEO holds. Now it’s time to move on and see what coins our team is holding. This will be a 3-part series. Here’s a link to Part 1. Part 3 will be here shortly.
As we’d like to point out, these lists are not investment advice. Instead, they are educational materials. You should only consider investing in any coin once you’ve done your research. You should also be convinced that it aligns with your trading goals. Now, let’s get to some top coins on today’s list.
1) Polygon (MATIC)
Polygon is an all-time favorite for many team members at Altcoin Buzz. The project had been on fire for most of this year. However, the current MATIC price doesn’t reflect this. Nonetheless, Polygon saw massive news coverage during this year. For example, they formed partnerships with some top brands. How about, Adidas, Starbucks, Stripe, or Disney?
.@SKtelecom and Polygon Labs have inked a strategic collaboration to spearhead the development of SKT's Web3 ecosystem.
The collaboration aims to fuse SKT's telecom prowess with Polygon's blockchain scaling infrastructure so SKT users can enjoy experiences unique to web3… pic.twitter.com/klElt8Nnlg
— Polygon (Labs) (@0xPolygonLabs) August 17, 2023
Another major event about to take place is their Polygon 2.0 This also involves new tokenomics. The new POL token will replace MATIC. You can swap it soon on a 1:1 basis. This new token is multichain. You can pay transaction fees between all Polygon chains, as there are, for instance,
- Polygon PoS chain.
- zkEVM.
- Supernets.
Although POL is inflationary, the number of transactions on all chains may push the POL price up. The picture below shows some Polygon’s new partnerships.
Source: The Blockchain Council
2) Solana (SOL)
Solana is another favorite among many of our team members. It’s one of the so-called Ethereum killers. However, having said that, if you used Solana, you know how fast it is and how cheap its transactions are. It’s a real relief compared to the sluggishness and gas fees on Ethereum. It makes you wonder where Ethereum would be if it didn’t have that first-mover advantage.
Membrane Finance brings the first euro stablecoin to Solana – along with card payments!
Today @solana goes multi-currency as fully-backed & compliant euros land on the high performance & low fee blockchain.https://t.co/k8u8X4Mxtb
— EUROe (@EUROemoney) August 23, 2023
The platform is, among others, known for its NFTs. The same story here, fast and cheap transactions. As a bonus, Solana has some really cool collections on offer as well. For example, Dandies, Mob Studios, and Taiyo Robotics.
Some other big news is Solana’s integration with Shopify. As a result, merchants on Shopify can accept fast, web3 native payments. Until the end of this year, there will be no transaction fees.
1/
Shopify
Solana Pay
Today, Solana Pay integrates with @Shopify, empowering the millions of entrepreneurs and merchants on Shopify to accept fast, web3 native payments with no transaction fees through the end of 2023. https://t.co/q63KeBllXB
Learn more
pic.twitter.com/QEb1LzqS51
— Solana (@solana) August 23, 2023
3) Arbitrum (ARB)
Arbitrum is like Polygon a layer 2 built on top of Ethereum. It offers faster and cheaper transactions compared to Ethereum. Arbitrum also solves Ethereum’s scaling issues. It’s a popular platform, not only by some of our team members. For example, in TVL rankings, it takes spot #4 on DeFiLlama.
GM Arbinauts!
The #ArbitrumDAO is growing every day and there are many new proposals to discuss!
They range from grant programs, onboarding new validators and enabling on-chain voting for the security council elections!
Let’s take this opportunity to dive deeper.
— Arbitrum (
,
) (@arbitrum) August 17, 2023
The platform uses optimistic rollups. In a nutshell, the main chain can process more transactions. At the same time, it uses less space. For example, Aave and SushiSwap use Arbitrum under their respective hoods. Arbitrum offers two chains,
- Nitro – an updated version of Arbitrum One, the official mainnet.
- Nova – a newer chain with lower transaction costs. However, it’s more centralized.
DYK Uniswap has done over $71B in volume on @arbitrum in the past 2 years
Learn more about Arbitrum in our #ScalingSummer blog:https://t.co/5ZJs1hRh6X pic.twitter.com/a8coyDDsHm
— Uniswap Labs
(@Uniswap) August 18, 2023
4) ImmutableX (IMX)
ImmutableX is a longstanding fave among many of the Altcoin Buzz team members. It’s another layer 2 built on Ethereum. However, ImmutableX specializes in Web3 games and NFTs. Their platform is completely designed for games. Fast and cheap transactions fit the bill for gaming.
The Immutable zkEVM Testnet is now live! Welcome to the true home of gaming on Ethereum.
Building a great web3 game has never been easier.
Start building today: https://t.co/QG2hSaTyyU pic.twitter.com/inaKeD6oWJ
— Immutable (@Immutable) August 14, 2023
Some games you can find on ImmutableX, are, for example,
- Gods Unchained – trading card game.
- Illuvium – RPG adventure game.
- Ember Sword – A MMORPG game.
The platform offers a wide variety of cool features. You can find, for instance:
- Passport: Instant wallet onboarding.
- Orderbook and marketplace network.
- Minting NFTs.
- zk Rollups for games.
Earlier in August 2023, the team introduced the Immutable zkEVM Testnet. This offers enterprise-grade security and lower development costs for devs. The following video is an introduction to their passport feature.
5) Aleph Zero (AZERO)
Aleph Zero is all about privacy. Most of our team are strong believers in this crypto sector. We see a bright future for more privacy in the crypto space. Some of our team have a weak spot and strong conviction about Aleph Zero. The platform offers three main parts, for instance:
- Scalability – it offers instant finality.
- Security – offered by the novel AlephBFT consensus protocol.
- Privacy – zkSNARKs and their MPC (multi-party computation) solution offer this.
Despite that Aleph Zero is a fairly new chain, it already offers a solid ecosystem. More new projects are getting ready to launch in Q4-2023 and Q1-2024. The most recent addition is the Abax lending protocol. It launched its testnet on 24th August. Other projects to look out for are their native Liminal and Common. 21X, a regulated, DLT exchange in Europe, is due soon.
Exciting Updates about: 21X – Branding, License, Technology and Partnerships: https://t.co/ORNXSsf5ZN
— 21X – European DLT Exchange (@europeandltex) August 22, 2023
Conclusion
We are showing an insight into the Altcoin Buzz team’s favorite top coins. In this 3-part series, this is Part 2. For links to Part 1 and Part 3, please look at the top of this page.
For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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