Solana is already high when it comes to its market cap. I believe that it is set to continuously grow in the coming months while experiencing a little correction in the coming weeks.
I am looking at other layer 1 coins which can give me more massive gains. Currently, I am looking at Avalanche, Algorand, Celo and Elrond Gold. All of these three chains also have big incentives for projects and developers to build on top of them.
The Avalanche Rush program will bring Aave, Curve and more DeFi blue-chips while also allocating additional rewards to pioneer DeFi apps on Avalanche. Celo has its own program where it announced a few days ago that Aave, Curve, PoolTogether, and Sushi on its DeFi for the People Collaboration. Algorand and Elrond Gold are also set to launch their own decentralized exchanges and bridges before the year ends.
If the bull cycle will also end at the year's end or early next year, it will be for Bitcoin only. I believe that altcoins will have its own run before the bear cycle sets in as gains from Bitcoin flows to altcoins, not just altcoins but those layer-1 with so much use cases especially DeFi. The NFT and NFT games hype will still continue to surge as long as we are in the bullish trend.
I could not also put into rest the currently small possibility that the bull cycle could extend until the first or second quarter of next year with all the exciting projects on the horizon. The crypto space was able to survive so many FUDs in the last eight months that somehow it has given the space some sort of immunity. How long such immunity will last? It's only good before the new wave of new users with paper hands come in to the space.
(This s not a financial or investment advice. Kindly do your own research.)
