Polkadot and Helium Set for a Major Comeback in Tandem with Bitcoin
Some analysts think the market isn't bullish enough on Bitcoin, given all this big money flowing in. U.S. ETFs are even on track to hold more Bitcoin
While some analysts believe the market is not bullish enough on Bitcoin, given the large sums of money flowing in, and U.S. ETFs are on track to hold more Bitcoin than Satoshi Nakamoto by October, with BlackRock likely to become the biggest holder next year, others are highlighting two altcoins set for a major comeback in tandem with Bitcoin.
Coin 1: Polkadot Might Be Flying Under the Radar, But It’s Making Some Big Changes
Polkadot is moving from version 1.0 to 2.0, bringing in some cool new features that could set it up for a major comeback in 2024. The upgrade introduces Agile Core Time, Elastic Scaling, and Asynchronous Backing. These changes allow Polkadot to work a lot like cloud computing platforms (think Amazon Web Services).
This means projects on Polkadot can use resources more efficiently, scaling up or down as needed. High-demand projects can handle more transactions, and new projects only pay for what they use, making it more cost-effective. These advancements could make Polkadot a strong contender in the crypto world next year.
Coin 2: Helium’s 20% RallyHelium, a blockchain network designed for the Internet of Things (IoT), recently saw its price jump by 12% in a single day, making it one of the top gainers in the crypto market. Its market cap now stands at $1.14 billion, but it’s still down 88% from its all-time high in 2021.
Helium has created a decentralized network that allows IoT devices to communicate without relying on traditional telecom services. This recent price surge comes after Helium partnered with two major U.S. carriers, who are testing using Helium’s network to handle their mobile traffic. If this partnership takes off, it could push Helium back into the spotlight.
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