3 Altcoins that can repeat Solana’s 975% annual growth
The following content does not constitute the opinion of BeInCrypto and should not be considered as financial advice
Solana (SOL) has shown a significant annual growth of 975%, placing it as a competitor in the cryptocurrency market. As investors look for more altcoins with growth potential, Boro Finance ($ROE), Wemux and Conflux look like some promising assets based on service and real-world offerings.
Boro Finance ($ROE): Hassle-free pioneering fundraising
Boro Finance ($ROE) is an AI project running on the Polygon Chain (Ethereum's sidechain). It attracts those interested in both new and established blockchain platforms, especially those curious about borderless and hassle-free funding.
The value of Borro Finance comes from the new way of monetization in Web3. Boro Finance stands out with its AI-powered NFT marketplace, which offers creators a unique way to secure up-front capital based on expected recurring revenue.
Borro Finance's rapid funding system allows businesses to convert pending invoices into desirable digital assets called NFTs.
The platform allows users to convert potential profit streams such as royalties and subscriptions into tradable NFTs, both serving as investor support on Borro Finance's platform and expanding liquidity opportunities.
This strategic integration of NFTs adds dynamic coverage to the Borrow ecosystem, facilitating funding and trading.
Borrow Finance's ($ROE) pre-sale is doing very well with the ongoing phase 3. The project's native deflationary token $ROE is trading at $0.0175, and more than 91% of assets have been sold for this level.
Borroe Finance ($ROE) has received a certificate of compliance from BlockAudit. They did this after fully verifying their smart contract and now allowing the smart contract to be available online.
WEMIX (WEMIX): Constant growth and a diverse ecosystem
WEMIX (WEMIX) has become a major part of the cryptocurrency market. Last year, the token price of this project increased by 655%. This indicates investor interest and market opportunities.
Launched in 2018, WEMIX has become the go-to place for DeFi deals and NFTs. It also supports games and decentralized applications (dApps).
The token is backed by the USDC stablecoin to control price changes, providing a safe haven.WEMIX coin holders can join the on-chain control.
WEMIX's price increase has seen a 116% increase in the last two months. This shows its impact even more than cryptocurrencies like Bitcoin and Ethereum.
Stock market trends and sentiment, reflected in the Fear and Greed index, are likely to yield returns.
Conflux (CFX): Blockchain with hybrid consensus and tree-graph technology
Conflux (CFX) is a blockchain system token that aims to solve the blockchain trilemma by using a consensus mechanism combined with Proof of Work (PoW) and Proof of Stake (PoS).
Using the best parts of both methods, Conflux makes their network bigger and stronger, thereby decentralizing it.
The site uses a tree-graph method. This allows it to complete around 4,000 transactions per second (TPS).
One of the main differences between Conflux and other cryptocurrencies is the unique consensus mechanism that combines Greedy-Heavy-Adaptive Subtree (GHAST) with PoS. This differs from conventional blockchains that use traditional proof-of-work systems.
This consensus system also makes it faster and smarter to run smart contracts, making Conflux(CFX) more flexible for developers and businesses.
Conflux also has its own virtual machine called Conflux Virtual Machine (CVM), which is designed to work better with the tree-graph consensus mechanism that Conflux uses.
This virtual machine allows you to run smart deals faster, making Conflux an alternative platform for developers and businesses as they can choose to use Ethereum Virtual Machine (EVM) or CVM depending on their needs.
Reflecting a 17% increase over the past month, Conflux (CFX) is currently trading at $0.191, according to CoinGecko.
Although not growing as fast as Solana, the rapid increase shows the possibility of replicating such success. They suggest that predictions about value may increase, but it is important to understand the built-in uncertainty and wild changes in the crypto ecosystem.
Links:
Visit Borroe Finance Presale | Join Telegram Group | Follow Boro Finance on Twitter
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