It’s not all doom and gloom for the broader crypto space, the market cap is still above 300% when compared to last Christmas. After a requisite correction over the past two months, the majority of the cryptocurrencies are set for bullish kickstart to January 2022. With a generation of subsequent higher lows from the past couple of days, Bitcoin and Ethereum are up by 10.13% and 6.06% over the week.
Notably, altcoins such as Avalanche (AVAX), Stellar (XLM), and Quantum (QTM) are set for an aggressive upsurge after yielding groundbreaking gains in 2021. These coins would be worth holding in your portfolio as a new year is just around the corner.
Avalanche (AVAX) Awes Ethereum:
Avalanche has seen tremendous growth over the year. TVL of the ecosystem has risen from $200 million in July to over $13 billion at the press time, which is approximately 65x. Total Value Locked indicates the healthy sentiment growth between the platform and users. However, steady growth in the number of daily transactions from over the past 6 months gives connotation to the above fact.
The upsurge corresponds to the increasing number of projects that have been collaborating with AVAX. However, the asset has managed to gain massive traction of the user base over the year, and the community is excited to see its role in 2022. The AVAX price is hovering just below 4% of its ATH at $115.5 at the press time, it would park its position well under the top 5 in its next supercycle.
Stellar (XLM) Poised For Interstellar Run!
Stellar (XLM) is often referred to as an utterly undervalued currency that is not even under the top 20. Yet the altcoin has seen a magnificent growth year to date. The ecosystem has recently proclaimed that it has processed over 1.8 billion transactions which is more than 127% when compared to 2020. Further, the total number of assets has surged by 945% reaching 90,297 from just 8, in 2020.
As a whole, proponents and analysts believe that XLM is definitely going to be one of the top performers in 2022. XLM price is still far from its 2018 ATH, hence there are possibilities of a massive price explosion ahead of the new year.
QTum (QTUM) Awaits Quadruple Run!
Quantum pulls the elite aspects of the BTC and ETH, the asset is now set for a quadruple run. The asset is a pretty interesting altcoin that implements an Account Abstraction Layer (AAL) to frequently launch smart-contract upgrades that could interact with Bitcoin’s UTXO model.
The QTUM price has been trading within a narrow range-bound scale between $8 and $15for the past six months. If it finds momentum in early 2022, then it would drastically explode to new highs.
Collectively, the aforementioned altcoins hold the significant potential to chug up in early January. AVAX, XLM, and QTUM have seen magnificent growth in 2021, it is likely to double by the end of 2022.