With last week’s Bitcoin ETF launches and the 2024 Bitcoin halving event right around the corner, the crypto market is looking ripe for investors seeking to diversify and strengthen their investment portfolios. Here are the 5 top cryptos that are well-positioned to provide value with their novel models and real-world utility.
Celestia
stands out with its modular blockchain architecture designed to solve scalability issues faced by traditional blockchain networks. Rather than operate through smart contracts on an existing chain, Celestia uses a purpose-built blockchain and provides validation and data availability that other blockchains can integrate.
Though only a few settlement layers have currently deployed on Celestia, some major players are slated to launch in 2024. DeFi’s new popular project Berachain, which raised $42 million in its Series A, is likely the most anticipated. But lesser-known Neutrino and Layer N are also worth watching.
Infrastructure projects like Axelar, Optimism, and Cosmos have opted to join Celestia’s ecosystem as well. With trusted brands opting in, Celestia appears positioned to grow its footprint in enabling scalable, secure blockchain applications.
Designed for speedy sub-second transactions ideal for trading, proof-of-stake blockchain Sei plans to incorporate Ethereum Virtual Machine (EVM) support in its upcoming Version 2 upgrade.
This will enable developers to port Ethereum-based contracts onto Sei’s network and build using them. Sei V2 will integrate the popular Ethereum client software Geth to provide the Parallelized EVM functionality.
“Sei V2 is an additive change. All of the existing components like CosmWasm will continue to exist. Since this is a proposed chain modification, the
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