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3 Crypto Kings Ready to Dominate the Next Bull Run
These large-cap crypto tokens could be among the best bets in the market right now
For investors looking to gain exposure to digital assets, there are certainly plenty of options to choose from. In fact, with thousands of cryptocurrencies out there, it can be difficult to know which cryptos to buy. In my opinion, kicking off your research with the major crypto kings, those large-cap tokens that have demonstrated growth trajectories, might be the best place to start. So, let’s do that.
These three cryptocurrencies to buy are among the best in the digital asset space, for various reasons. Whether it’s because they are considered stores of value, have lightning-fast capabilities, or are constantly seeing new innovations and technological upgrades, there are reasons to consider the best cryptocurrency projects from a growth perspective.
I would definitely put the following three projects in the “crypto kings” bucket. For those looking for high-quality assets in this space, here are some of the three tokens worth considering.
Bitcoin (BTC-USD)
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Bitcoin (BTC-USD exchange rate) remains a top-notch safe haven, buoyed by its decentralized network and limited supply of 21 million coins. Despite a recent 10% decline, Bitcoin is still up 44% for the year. And while the momentum is clearly to the downside, there is much to like in the current setup of this token.
First, the recent Bitcoin halving has further limited the amount of new Bitcoin being generated on the network. Combined with the recent SEC approval of spot Bitcoin ETFs, investors have seen a stark imbalance between supply and demand that previously drove the token to new all-time highs this year.
Now, much of the excitement about future demand may have been premature. One could argue that significant future price gains were anticipated. As a result, this recent decline may not be surprising to many investors.
That said, the question is where Bitcoin goes from here. Concerns about Mt. Gox liquidations may be overblown, and this is also a headwind that is probably widely priced in. If the digital asset space recovers in line with interest rate cuts, Bitcoin will likely be a key upside leader. For those looking for exposure to this space, there are few safer options right now than Bitcoin, in my opinion.
Solana (SOL-USD)
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Solana (SOL-USD) is another token that has seen some sharp declines lately. Now trading at around $140 per token, Solana is down about 20% in the last three months. However, many investors have good reason to keep an eye on a potential rebound in this large-cap cryptocurrency project.
Solana’s LayerZero integration has increased its appeal by improving connectivity and transaction efficiency. In many metrics, Solana outperforms Ethereal (ETH-USD), including on key parameters such as speed and scalability, where Solana has a fundamental advantage.
Solana, using PoS and its PoH methodprocesses transactions 46x faster than Ethereum and 5x faster than Polygon. With plenty of room for speed improvement, Solana is leading decentralized exchanges like Jupiter, Orca and supports major stablecoin transactions, integrating Solana Pay with Shop (London share:SHOP) and launching its Saga Phone for Web3 applications.
Solana has faced significant hurdles recently, including network congestion, security concerns from spam transactions, and liquidating discounted FTX tokens to pay off debts. However, these challenges are being addressed, with ongoing upgrades and FTX completing its token sale in May. While the market may have shifted to a more bearish tone, Solana remains a strong player in the cryptocurrency space and has more upside than Ethereum and Bitcoin. This is especially true when looking at the growth of the ecosystem, at least at this point in time.
Aptos (APT-USD)
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Launched in October 2022, Aptos (APT-USD) is a new Layer-1 blockchain that uses a unique Proof-of-Stake (PoS) consensus and the Move programming language for secure and scalable transactions. This project aims to drive the development of Web3 dApps with Move’s security features and Block-STM for fast parallel transaction processing, processing up to 160,000 transactions per second.
In the vibrant cryptocurrency sector, the Aptos Foundation has recently proposed to integrate Aave V3 on its Layer 1 blockchain, the Aptos mainnet. The integration began with a “temperature check” phase to gather initial feedback from the Aave governance community. With positive initial feedback, this proposal moved to a “snapshot vote” phase for formal voting.
Additionally, to increase adoption, the Aptos Foundation has integrated Chain of connection (LINK-USD) price feed with the Cross-Chain Interoperability Protocol (CCIP). This move was aimed at improving data accuracy and cross-chain capabilities, strengthening the resilience of Aave V3 on Aptos beyond EVM-compatible networks. Aptos, initially developed at Meta Platforms (NASDAQ:Metaphysics) remains one of the top cryptocurrency projects that investors are looking at for growth, as well as specialized security and functionality. For long-term investors, this is a relatively overlooked cryptocurrency project that I think deserves a spot among the cryptocurrencies to buy on this list.
As of the date of publication, Chris MacDonald did not hold (either directly or indirectly) any position in the securities mentioned in this article. The views expressed in this article are those of the author, subject to InvestorPlace.com policies Publishing Guidelines.
As of the date of publication, the responsible curator had not (either directly or
indirectly) any position in the securities mentioned in this Article.
Chris MacDonald’s love of investing led him to earn an MBA in Finance and hold several executive roles in corporate finance and venture capital over the past 15 years. His background as a financial analyst, combined with his passion for finding undervalued growth opportunities, contribute to his conservative, long-term investment perspective.