The crypto market continues to show signs of strength with each passing day. Bitcoin (BTC), which is a major indicator of market direction continues to hold strong above $5000. On top of that, the fundamentals of individual cryptos are getting better by the day. With so much potential for growth, this is a good time to start scouting for high potential cryptos. That’s because, most of them are still trading at a loss of over 70% of their all-time highs, which means the opportunity for gains is huge. In this environment, two cryptos stand out as having the potential for huge gains. These are Cardano (ADA) and Stellar (XLM).
Cardano (ADA) stands out due to the fact that there are so many developments going on with it at the moment. The biggest one of them being the Shelley release. The Cardano team has confirmed that this process is fully on track. This places Cardano (ADA) up there, as one of the most interesting cryptos to watch at the moment. That’s because, once staking, a major aspect to Shelley goes live, demand for Cardano will rise, as investors buy into it for the passive income. On top of that, the IOHK team is working hard towards the adoption of the Cardano blockchain. For instance, they are launching free Udemy lessons for Marlowe. This has the potential to open up the Cardano blockchain to mass adoption in the smart contracts market. With such strong prospects, Cardano’s, potential for exponential growth is high. In fact, staking FOMO alone could easily push Cardano to its all-time highs. If Cardano rises back to $1.5 from its current prices, any investor getting into Cardano now would make a significant return on investment.
Like Cardano (ADA), Stellar (XLM) has a huge chance at exponential gains this year. That’s because there is so much going on that’s adding to its intrinsic value. For starters, IBM seems to be making moves that will over time add significant value to the stellar blockchain. For instance, the IBM Food Trust and the Blockchain World Wire both have the potential to drive billions of dollars in volumes, through the stellar blockchain and stellar (XLM). Indicators of this happening are already there, with major global supermarkets signing up for the IBM Food Trust. The number of financial institutions signing up for the IBM Blockchain World-Wire is on the rise too. All this makes Stellar a high potential blockchain, one that has the potential for exponential gains if the market turns bullish this year. Stellar (XLM) is also backed by the growth of STOs as a viable alternative to ICOs. The number of Stellar STOs is on the rise, and as they gain traction, the value of this crypto will rise significantly.
On the basis of these fundamentals, these two cryptos have a huge chance of outperforming the market. The future of these two cryptos is bright, irrespective of how the market plays out in the short-term. Their fundamentals have been getting stronger over time.