As the value of Shiba Inu coin rises, investors may consider jumping on the altcoin bandwagon. But which of the thousands of coins are good bets?
According to Daniel Polotsky, founder and chief advisor of CoinFlip, the country’s largest crypto ATM network with over 3K locations, Uniswap, Solana, and Avalanche, as well as Cosmos and Samoyedcoin, are on his radar.
“While I can’t predict which alt coins will outperform Shiba Inu, one I’m keeping an eye on is Uniswap” (UNI). UNI is a decentralized exchange (DEX) and automated market maker (AMM) that enables investors to trade Ethereum-based tokens with one another via automated liquidity pools. UNI is one of the most popular DEXs with significant trading activity because it is so simple to use and provides a completely peer-to-peer experience. Because of the protocol’s popularity, UNI has a lot of potential. However, due to an increase in the price of $ETH as well as network congestion, Ethereum’s gas prices have skyrocketed, costing users more than $100 per transaction on average.
Solana and Avalanche are two other alt coins I’ve been keeping an eye on due to their extremely low fees and impressive speed. Cosmos (ATOM) has also piqued my interest as a popular interoperability blockchain that allows separate chains to interact despite having different validators and security measures. Samoyedcoin (SAMO) has piqued my interest among meme coins. It bears the face of a cute dog, like Dogecoin, and is intended to be lighthearted and fun in an attempt to be an ambassador for Solana. Samoyed benefits from transaction times of less than one second because it is based on the Solana blockchain, making it much faster than both Dogecoin and Shiba Inu. Its price is also currently around 1/100 of $SHIB’s market cap, giving $SAMO tremendous growth potential.”