The broader crypto market has lost more than half a trillion since the US Fed’s decision to taper interest rates. However, buying the current bottoms would help traders to manage their purchasing power ahead of a likely economic downturn. The year 2022 is going to be very tough for the crypto space, hence investing only in agile and cost–efficient projects is preferable.
Especially, a cohort of traders yelling for delight in the Altcoin premier league to commence in the next couple of days. Fantom, Polygon, Avalanche, and Axie Infinity are the hypersonic projects that lock horns to come out victorious in the league.
Fantom (FTM) :
This Altcoin has been creating a lot of media buzz over the past couple of weeks with immense growth in TVL and market capitalization. Further, the altcoin has managed to remain almost invulnerable to the recent crash by bearing a price above $2.5. As the altcoin is showcasing signs of bullish divergences, it is expected to retrace the values above $3 in the next couple of days.
One of the crypto proponents shared a chart displaying Fantom’s dominance in 2021. The token has enjoyed a whopping 11,048% surge outstripping top-tier altcoins Matic, Solana, and many others. Despite negative sentiments over the past couple of days, Fantom’s TVL remained well above $7.5 billion. Successively, the token looks very promising and holds the potential to flip the major players of the space in 2022.
Polygon (MATIC) :
Polygon (MATIC) has experienced massive growth with a generation of consequent higher lows throughout the year 2021. Though the price softened a bit owing to the January 5th crash, it quickly recovered by resisting sell-offs. Currently, the MATIC price is trading at $2.13, where break-out is favorable. By reclaiming previous ATH, the asset would discover new highs above $3 in the upcoming super cycle.
Despite the negative market sentiments, Polygon has been making headway towards new milestones by captivating the traction of a larger user base. There were roughly 873 active addresses on the Polygon chain and it has risen above 592k in just one year. However, the brisk development happening across the platform would drastically uplift the MATIC price action.
Axie Infinity (AXS) :
Through Axie Infinity’s (AXS) price plummeted to the historical bottom of $75, more than 94% of holders were still in profits. This further indicates the agile future prospects of the project. Buy pressure is expected to build up in the next couple of weeks, and an 88% upsurge looks imminent to reclaim the previous ATH.
Moreover, Axie Infinity emerged as one of the play-to-earn tokens in 2021 and is likely to flourish in 2022 as well. Gamingfi analytics revealed exciting data. Axie Infinity appeared as the top 2nd gaming project mentioned on Twitter with a volume of over 11.91k for the first week of January.
Avalanche (AVAX) :
Avalanche (AVAX) which holds more than 200k active wallet addresses is one of the top players in 2021. Though bears haunted the rally since the start of 2022, AVAX’s price remained reluctant and managed to hold the price above $85. As RSI supports buy opportunities, traders might start opening their positions to boost the price well above $100.
Collectively, the aforementioned altcoins would experience tough competition amongst themselves to park their position under the top 10. The present correction is transient, as indicators are slowly turning bullish the Altcoin premier league looks imminent in the next couple of days.