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Strongest Altcoin Developer Teams in the Crypto Space Right Now

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altcoin developer teams

It has been 10 full years since Bitcoin has gone live, and the coin has gone through a lot of development during that time. However, since some of its core issues still lack proper solutions, a lot of developers decided to try and provide alternatives for the first crypto, new coins that will address its largest problems early on.

These are known as altcoins, and they include every digital currency apart from Bitcoin itself, which inspired their creation. Today, there are over 2,100 altcoins, all of which are trying to compete with one another, as well as Bitcoin itself in one way or another.

However, none of them would have a strong presence, or even be here after a year as difficult as 2018, if they didn’t have strong, capable teams behind them. With that in mind, here are some of the strongest and most capable altcoin developer teams in the current crypto market.

1) Ethereum team

Ethereum is considered by many to be the second most important cryptocurrency in crypto history, even though it lost the second place on the list of largest coins to XRP. Ethereum is important because it shifted developers and investors’ focus from the coin to its blockchain. It opened an entirely new world of possibilities and inspired the creation of dApps and smart contracts.

Even now, Ethereum continues its development with new solutions, some of which were introduced in several hard forks only days ago. This was all possible thanks to its developers, which used to be represented by its co-founder, Vitalik Buterin. Even though Buterin recently decided to step down for the position of Ethereum team’s public face, he is still one of the top developers that the coin has, which still inspires trust in its future.

2) Cardano team

Cardano is another coin which is known for its very capable team, led by its creator, Charles Hoskinson. Hoskinson has had a long history with crypto, and he was there for the creation and early development of Ethereum, as well as Ethereum Classic. While he left both teams due to disagreements, he brought the knowledge regarding those two coins with him, which allowed him to create a new, potentially better coin — Cardano (ADA).

In a way, Cardano is one of the hopes for the future of crypto. It aims to resolve some of the most problematic issues regarding digital currencies, such as scalability and interoperability. Meanwhile, it has a team leader who contributed to the development of ETH, the main representative of the second generation of digital currencies. Because of this, many hope to see Cardano grow to be the representative of the third generation of crypto.

3) Binance Coin team

Many are likely already familiar with Binance Coin (BNB), as it is the native cryptocurrency of the world’s largest crypto exchange, Binance. The coin was created to be used on the exchange’s platform for paying different kinds of fees, and it has become quite popular, mostly because using it means getting a considerable discount.

The coin’s team is appreciated for several reasons, mostly due to their insight into what its users need. As such, they managed to create a cryptocurrency that addresses these needs, and BNB has generally made all the right moves since it was created.

4) Monero team

Finally, there is a team behind the privacy coin, Monero. Monero is considered to be one of the best privacy coins around, as privacy is one of the most desirable aspects of the internet. Those who use privacy coins can hide their transaction details, including identities and the amount of coin they are sending.

With that being said, the crypto space as we know it today was created with transparency in mind, which is why privacy coins are not tolerated in many of the largest exchanges. Regulators around the world also dislike them, as they are believed to be used for illegal activities. However, even with all the negativity surrounding privacy coins, Monero’s developers still managed to create a strong coin that does its job correctly, and still remains one of the most used coins today.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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