TL;DR
It’s that time of the month again, time to dive into the world of Altcoins and get our fix for the best coins on the market. We recently covered Binance Labs Altcoin Gems, Cardano Altcoin Gems, and BNB Chain Altcoin Gems. This installment will focus on the best blue chip crypto coins you should pay attention to. These are by no means low-cap or even mid-cap altcoins, meaning they won’t net you the largest returns possible. But, what they lack in terms of insane profit potential is made up by the project’s longevity, liquidity, and the most established communities in crypto. With these Top 5 Blue Chip Altcoins, you’ll never have to worry about the rug being pulled out or losing everything to Venture Capitalists dumping their bags on you.
If you’re unfamiliar with the term “blue chip”, It was coined by traditional markets to indicate to other investors that a stock has a strong value proposition and a lot of investor confidence. These are your Google, Boeing, Disney, IBM, and Walmart Stocks. They’ve withstood the test of time and can be seen as absolute requirements for any long-term value investor. The phrase “blue chip” itself was taken from casino markers that are used to represent the highest cash in value. When it comes to crypto, these blue chips are rarely seen outside of the top 50 according to market cap. Falling outside of this range puts a project at less than a $1 Billion market cap.
To avoid double-dipping into similar or identical use cases, each project in this Top 5 list will consist of a use case unlike any other project mentioned. Allowing each protocol to stand on its own and bring excellent value to any portfolio. To make things more interesting we’ll be staying away from any project currently in the Top 10. Making these the ttop 5 altcoins, in the top 50, that I believe will make it to 2050 and far exceed their previous all-time highs.
Polygon
- Ticker: MATIC
- Ranking: #14
- Price: $0.52
- All-Time High: $2.92
- Token Supply: 10 Billion
- Circulating Supply: 9.3 Billion
- Market Cap: $4.8 Billion
- Type: Ethereum Layer 2 Sidechain
- Launched: Q1 2019
We’ve seen multiple Ethereum sidechains launched since the release of Polygon, but none have captured the hearts and minds of the Ethereum community the way that Poygon has. In fact, I’m willing to bet that there are not many people reading this who haven’t experienced how easy the onboarding process is for Polygon. Pointed out in the Top 5 Polygon Altcoins, this access and ease of use is just one of the reasons that Polygon regularly supports more daily users than Ethereum itself. There’s no better metric to indicate just how important Polygon is to the growth of Ethereum. More funds have been bridged between networks using Polygon than any other Layer 2 protocol. This year those numbers went up exponentially due to the introduction of Polygon zkEVM. Learn more about Polygon zkEVM
A big difference between Polygon and other Layer 2 sidechains is the MATIC token standing on its own when compared to coins like ARB and OP. MATIC didn’t Airdrop free tokens to prop up its liquidity pool like many others have. For each MATIC locked in a staking contract or in a DeFi protocol, those tokens were paid for on the open market, making MATIC holders far less likely to dump their free tokens on the market…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
