Various altcoins appear in the crypto space, intending to become the “next big thing.” But not everyone manages to succeed in that regard. However, some alts have not only created a blockchain network, but also have diverse functionalities and a loyal community of followers. Link in the chain, Basic Attention Token, and Dogecoin can be considered to be in that league.
Can you do it big?
Looking at the price action, it becomes clear that they have had strong market support this past month. DOGE recovered by 99%, LINK increased by 108% and BAT managed to walk by 91%.
However, in the last 10 days, when the market started to correct, these coins also fell between 9% and 20%. In the future, it looks like they will continue to move sideways.
But more than price, it’s the use cases that make these tokens and networks stand out. Chainlink is known for data oracles that are meant to feed real world data to smart contracts. Basic Attention Token, on the other hand, makes use of the Brave Browser, to change the advertising model for content creators and consumers.
While Dogecoin is becoming a viable payment method. This is based on the fact that the Mavericks’ Mark Cuban has created goods based on crypto, which can also be purchased using DOGE.
But are they worth your investment?
All three altcoins have been showing some strong volumes as of late with BAT volumes increasing by 16% in 24 hours, reaching $ 300 million. Its volatility is also in a good place, in the lower 90% zone for DOGE and in the 60% -70% range for BAT and LINK.
Also, thanks to their strong correlation with Bitcoin, the three altcoins are an attractive investment.
Network performances differ slightly as BAT and LINK continue to exhibit strong development activity. Active developers rank at 22 for Chainlink. Here, Dogecoin fails to make an impact with its low development activity.
From an investment perspective, LINK and BAT are good options as they are unique in their fields. DOGE, on the other hand, may not present a good investment opportunity.
This is a machine translation of our English version.
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