The market remains a chaotic place to be! Every day we witness new highs for Bitcoin, which indicates that everyone might profit from this bull market! In particular, for people making the greatest investing choices while being calm and knowledgeable. For this reason, I gathered the leading voices of the Layer 1 story to produce this portfolio. Starting with the riskiest alternatives, we will gradually go down to the more conservative blockchains.
You'll find options for every budget and risk strategy, so I promise an interesting and, most importantly, useful post today.
Table of Contents
Risky Option
As I mentioned, I'll start with the riskiest option because, in a bull market, you definitely want to unlock your wallet's potential. Your portfolio should include both high-risk and more conservative choices. Such a strategy can help multiply your investments.
SEI
So, the first coin in this selection is SEI. At this point, SEI has a relatively small market cap, which could be a big advantage for us.
However, it's worth noting that only 40% of its total token supply is in circulation. Now let's focus on technology and why this blockchain made it into my top 5. For starters, it's a relatively new blockchain but has already proven its strength. It's positioned as a fast and low-cost layer 1 blockchain, already supported by many mainstream projects, initiatives, and companies, which adds a good level of trust.
SEI also boasts a massive ecosystem that's expanding at an insane pace. I already covered SEI and its ecosystem was 2 to 3 times smaller than it is now. One last validation of this blockchain's quality is its impressive TVL, which has recently peaked at $200 million and currently sits near $190 million.
Personally, I really like this blockchain. It's just missing a platform for meme coins as that's currently a major market trend. We'll see how they develop further.
Considering all the strengths and potential, I see it as entirely possible for SEI to reach SUI's current market cap.
These 5 Solana Blockchain Based Meme Coins Are Next to Explode
Solid Play
SUI
Let's move on to a layer 1 blockchain that could potentially reach the top 5 of all blockchains. So, to summarize, although few are paying attention to this blockchain and project, it's actively developing. Its ecosystem is continually expanding with more interesting projects emerging. Just look at this list of projects and partners.
It's impressive considering SUI launched only slightly earlier than SEI. SUI's TVL is also growing steadily, highlighting the community's trust in the blockchain and its projects. Right now, we're near its all-time TVL high.
Additionally, SUI is in the process of launching a gaming device with unique web3 games. This could bring many new users and liquidity to the blockchain, as GameFi is one of the most appealing and accessible areas of crypto. I believe this bull market could be a golden opportunity for SUI.
I see SUI reaching a market cap of $50-60 billion, which would be a 5-6 times increase from current levels. However, keep in mind that not all tokens are in circulation yet. So, exercise caution.
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One of the BIG THREE
BNB
Next up is BNB, the native token of the Binance Exchange. The BNB ecosystem is vast, with numerous projects, initiatives, and teams continuing to build on it. Here's something interesting.
The legendary Changpeng Zhao is out of jail, and huge market maker DFW Labs has launched a new platform for meme coins on the Binance Smart Chain. The exchange is also hosting numerous events that require users to hold and lock BNB during the events. I believe that these developments could drive up the price of BNB, increase activity on the network, and positively impact the market as a whole.
However, it's important to consider potential restrictions due to past issues with the SEC and Binance. After a potential policy change, this could change and potentially give BNB a clean slate. Regardless, I'm confident that this ecosystem and token will remain a top player in the market for a long time. We might even see a three-times increase from current levels.
Solana is HUGE!
Solana
Next, let's look at Solana, which I think ranks as the number two altcoin and ecosystem. Lately, this ecosystem has been seeing huge trading volumes in meme coins.
Daily transactions have stayed above 30 million for the past four months. Those are staggering numbers. Last month, active wallets on Solana spiked to an incredible 120 million.
Even discounting some duplicate wallets, these are still huge figures, especially for a supposedly dead blockchain like Solana. Right now, it leads all blockchains, as the team is fostering new startups and supporting the ecosystem actively. They're also embracing meme coin narratives, aligning with regular users' needs.
Just look at the stats from the PumpFun platform, a game-changer in meme coin creation, with over 3 million tokens created and over a million Solana coins in revenue, totaling over $173 million. These factors make it easy to see the blockchain's potential, especially as TVL grows across the board. I believe it's entirely possible for Solana to reach Ethereum's current market cap.
The Next Big Crypto Opportunity is on Base
Is Ethereum Number 1
Now we are moving to Ethereum. Even though I find Solana more attractive, Ethereum is still a powerhouse and will likely continue growing and surpassing its old price highs. I view Ethereum as a valuable chance to buy into a top blockchain ecosystem hosting tens of thousands of the best projects.
While other blockchains have their strengths, Ethereum still holds the number-one spot by a wide margin.
Why is Ethereum number one?
It currently holds nearly 55% of total crypto TVL, a staggering number. Moreover, the approval of a spot Ethereum ETF minimizes SEC-related risks.
While the ETF approval is a plus, it did disappoint some traders. But sentiment is starting to shift positively. I believe Ethereum will retain its top position throughout this bull market, proving once again that it's capable of leading the pack.
I'm expecting a 2-2.5x gain from current levels. And that's all I have. Just a reminder, this post is not financial advice. It's simply my perspective and thoughts on the market, so you should always conduct your own research and invest wisely.