It has been a sea of red in the crypto market, with Bitcoin and other altcoins being in a bear market. The crypto fear and greed index has tumbled, while fears of a recession remain in the US markets. Still, several altcoins have major catalysts that may push them higher in the coming months.
Top 4 altcoins to buy with significant catalysts ahead
Some of the best altcoins to buy that have major catalysts ahead are Polkadot (DOT), Binance Coin (BNB), IOTA (IOTA), and Ripple (XRP).
Polkadot (DOT)
Polkadot is one of the top crypto to buy that has a big catalyst ahead. The main catalyst for the DOT token is that the developers are working on Polkadot 2.0, which promises major improvements ahead.
This upgrade introduces three key elements, including elastic coretime, asynchronous backing, and agile core allocation.
This upgrade aims to ensure that Polkadot achieves substantial success as other chains have done in the past.
One of the most important parts of this upgrade is that it removes the need for the parachain auctions that are known to be costly and time-consuming. Instead, it will now be possible for developers to build quality decentralized applications (dApps) without following the auctions route.
Polkadot 2.0 will improve its governance and cross-chain interoperability. Most importantly, DOT price has formed a quadruple bottom pattern pointing to an eventual rebound.
Read more: Polkadot price predictions: 4 reasons DOT token may surge soon
Binance Coin (BNB)
Binance Coin is another top altcoin to buy that has a good catalyst ahead. The main catalyst is that the network will go through the Pascal hard fork on March 20th. This upgrade introduces native smart contract wallets by incorporating Ethereum’s EIP-7702 upgrade.
Pascal hard fork will also facilitate gasless transactions and batch approvals, enhance its EVM compatibility, and improve security.
It will be one of the three planned hard forks that the developers have planned. The other one is the Lorentz hard fork that will happen in April that will reduce the block generation time to just 1.5 seconds.
The developers will also launch the Maxwell hard fork in Jun, reducing the block time to 0.75 seconds, achieving a near-instant transaction finality.
IOTA
IOTA is another altcoin to buy with a big catalyst ahead that may boost its price. The primary catalyst for the IOTA price is the upcoming rebased upgrade.
Rebased is a major upgrade that introduces key features that make the network better. The most important aspect of the upgrade is that it introduces the UTXO model powered by MoveEVM, enabling developers to build applications on it. It will also be compatible with Ethereum Virtual Machine (EVM).
IOTA holders will also benefit from improved tokenomics, whose annual inflation starts at 7% and then drops over time. It will also have a big staking yield of between 10% and 15%. Also, IOTA will boost the transaction speeds to over 50,000 transactions per second (tps).
XRP
XRP is one of the top altcoins to buy with major catalysts ahead. The SEC may decide to end the lawsuit against Ripple Labs. In addition, Ripple Labs is working to boost its market share against SWIFT, the society that handles over $150 trillion worth of payments each year.
The SEC may also approve a spot XRP ETF later this year, leading to higher inflows from institutional investors over time. XRP has also been named as one of the top cryptocurrencies that will be in the US Strategic Reserves. All these factors may help its price surge again later this year.
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