These 3 Cryptos: Solana, Bittensor, Chainlink for 2025
Dec 7, 2024 at 1:32 PM
When it comes to expanding your crypto portfolio, it's essential to look beyond the well-known giants like Bitcoin and Ethereum. These two cryptocurrencies often steal the spotlight, but there are numerous under-the-radar options with the potential to skyrocket in value. In this article, we'll explore three promising cryptocurrencies that could be the next big thing in 2025.
Dive into the World of Underrated Cryptocurrencies
Solana: The Rising Star in the Crypto Sky
Solana has been making waves in the crypto space for several years. It has recently emerged into the mainstream, attracting the attention of institutional investors. Currently, it ranks among the top five cryptocurrencies in terms of market cap and has been keeping pace with Bitcoin this year. Bitcoin is up 143%, while Solana is up 140%. There is even talk of Solana getting a spot ETF, which could lead to a significant price surge. Just like with the Bitcoin and Ethereum ETFs, the creation of an ETF can bring in a wave of new money. Moreover, Solana is hitting on all cylinders in the area of decentralized finance (DeFi). For the first time, it is seeing more trading activity on its decentralized exchanges than Ethereum. The Total Value Locked (TVL), an important performance metric, is growing rapidly. Its ultra-low transaction fees and blazing-fast transaction processing speeds give it a significant advantage over Ethereum.Bittensor: The Crypto-AI Hybrid
Bittensor is an open-source protocol that enables the creation of decentralized artificial intelligence (AI) networks. This unique combination of crypto and AI makes it a potential powerhouse. With a limited lifetime coin supply of 21 million and only 7.4 million coins in circulation currently, it has an inherent scarcity that few other cryptocurrencies possess. As long as investors continue to embrace AI, Bittensor's price should continue to rise. This year, it is up 154%. However, it's important to note that picking winners in the emerging AI crypto space is extremely difficult. The field is evolving rapidly, and investor preferences can change overnight. Earlier this year, Render seemed like the top AI crypto token, but now Bittensor has taken the lead.Chainlink: The Oracle Coin with Big Plans
Chainlink remains the preeminent oracle coin in the crypto market. It has a market cap of $15 billion and is up 62% for the year. Long-time crypto investors remember its rapid growth in the 2020-2021 bull market, when it soared by more than 400% in just a few months. There are several factors in Chainlink's favor heading into 2025. One of the most significant is its planned move into asset tokenization. By partnering with financial institutions, it is helping to convert traditional financial assets into digital assets that can be traded on a blockchain. According to consulting firms, asset tokenization could be a multi-trillion-dollar market opportunity by 2030. If Wall Street embraces this trend, Chainlink's value is likely to soar. Currently, there is a growing consensus that Chainlink can become a trusted partner for financial institutions exploring the future of digital assets on the blockchain, thanks to its recent partnerships with SWIFT, Euroclear, and UBS Asset Management.If you're looking to diversify beyond Bitcoin and Ethereum, these three cryptocurrencies are definitely worth considering. But remember, always do your own due diligence. While they all have significant upside potential, they also come with added risks.