Solana has become a kind of leader of all the altcoins who want to follow her. Layer 2 blockchain protocols are living best. However, projects that are compatible with the first layer of Ethereum are experiencing a struggle. Polkadot, Tezos and Cosmos. Which one is more promising?
Polkadot, Tezos and Cosmos
Which altcoin is more valuable and especially what are its prospects for the future? The mentioned projects have brought really beautiful profits in recent years. In the case of the ATOM token, this is an appreciation of more than 92%. During the same period, the Tezos and Polkadot projects also grew with 41%, resp. 73% profit.
The ratio of reserve supply and the market flow itself is important. If we take into account this indicator, the higher the ratio, the smaller the supply on the market. And this is the factor that increases the price of the asset.
In terms of volatility, the battle between the three projects is relatively balanced. All cryptocurrencies have a relatively decent base and a favorable environment for further growth. DOT, XTZ and ATOM are below level 2, which proves less risk of dramatic downward and upward movements.
Can we expect further growth?
In the case of the most promising ATOM token, the way up seems clear. However, on the graph we record resistance at the level of approximately 31 USD. However, if the pressure from bulls increases, traders can expect ATOM to exceed its all-time high. In case of failure, the safe zone is the price level of 27 USD.
Popular analyst Michael van de Poppe also commented on the situation:
“If I had to choose a coin that would follow Solana and come from the first layer, it would be either Tezos, Polkadot or Cosmos, and given their structures, it looks really good.”