Despite some enormous gains, crypto projects that provide competitive advantages, real-world appeal and differentiation still have some potential of going considerably higher. With that in mind the cryptocurrency space is highly volatile and prone to corrections, the following two coins might quadruple (or possibly go even higher) by 2025.
There are many ways blockchain technology-based projects and digital currencies can be winners. What helps make Algorand so enticing is the role it might play for companies in the blockchain space.
Algorand has a lot of competitive advantages when it comes to scalability and speed. As of Dec. 2021, the network was managing 1,162 transactions each second and provided a block finality of 4.36 secs. The latter means that the sending of data, money or files reached its destination and was settled/validated in under just five seconds.
Compare this to two well-known networks, Ethereum (CRYPTO:ETH) and Bitcoin (CRYPTO:BTC), which have the ability to only handle 13 TPS and 7 TPS, respectively, and have transaction finalities of 60 mins and six mins. That is how much quicker ALGO is compared to some of the most popular blockchain networks.
But what helps make Algorand so attractive to companies is its focus on interoperability.
There are currently over 16,000 cryptos listed, and countless more blockchain projects being developed for nonfinancial and financial applications. While several of these projects are created to work with blockchain projects that already exist, it is much more likely that these unique blockchain networks won’t be compatible with one another. Algorand is all about bridging this gap and making decentralized finance (DeFi) more mainstream for companies and consumers.
Not many cryptos have an enterprise focus, but Algorand’s might make it an absolute rock star.
A second crypto that has the potential to jump 300% or more by mid-decade is the less popular IOTA (CRYPTO:MIOTA).
With an aforementioned 16,000-plus cryptos listed, uniqueness and a superior network are crucial for success. Despite being an under-the-radar project, IOTA has brought both of these qualities to the table.
The single largest differentiating factor with IOTA is that it isn’t based on blockchain. One of the secrets that helps make IOTA tick is called the “Tangle.” The Tangle is a directed acyclic graph (DAG) that mandates each new transaction to confirm at minimum two previous transactions. You could sort of imagine this as an individual who is looking back at their ancestry and seeing the oldest family member connect to new lineages over many decades or centuries. Over time, the connections between transactions on IOTA’s DAG begin to seem a lot like a tangled web.
The reason IOTA’s creators have chosen this route instead of blockchain is simple: cost and speed. Blockchain networks are more prone to congestion, and they could be slowed down by the need to add consensus to validate transactions and/or propose additional blocks. A network sans blockchain means fast scaling could happen without adversely having an impact on the network.
Another piece of exciting news for IOTA is the release of staking, which occurred last month. Investors are now able to stake their own coins to earn either Assembly or Shimmer tokens. The latter is a fee-free smart contract-based network set to be released this year.
And the final reason you should be hyped about IOTA’s potential is its existing partnership with information tech. solutions company Dell Technologies. IOTA is partnered with Dell to analyze the trustworthiness of data before it is used by an application. IOTA receiving recognition from brand-name companies is a great sign for this under-the-radar crypto.