January started strong but lately experienced a significant downturn. The market eagerly awaits ETF approval updates while Bitcoin holds steady, yet the Altcoins are struggling. Selecting the right coins for the month has become quite challenging.
MATIC
Matic, now Polygon, aims to scale Ethereum and enhance its infrastructure using Polygon SDK and the Plasma framework. This setup allows scalable and autonomous smart contracts, supporting various applications and DApps on its secure and rapid sidechains.
The native $MATIC token remains pivotal in Polygon’s ecosystem. The project intends to transform Ethereum into a multi-chain system akin to Polkadot and others, leveraging Ethereum’s security and diverse ecosystem. With impressive transaction speeds of up to 65,000 per second and quick block confirmations, Matic has high expectations for January, considering its underperformance last year and anticipated surge above $1.
SUI
Sui stands as a unique Layer 1 blockchain and smart contract platform prioritizing fast, private, and secure digital asset ownership. Utilizing the Move programming language, Sui offers scaling, composability, and efficient on-chain storage.
The native $SUI token facilitates gas fees and staking on the Sui network. With its rival Aptos showing price movements, Sui is also expected to chart positive growth.
JOE
Trader Joe operates as a platform scaling Avalanche’s infrastructure. Utilizing a modular framework and the Avalanche blockchain, it executes scalable and independent smart contracts, supporting various DApps securely and rapidly.
The native $JOE token is instrumental within the Trader Joe ecosystem. Trader Joe aims to offer a comprehensive DeFi experience while ensuring security. With rapid movements in L1 and Avalanche’s significant surge, Trader Joe holds a pivotal position in the Avalanche ecosystem.
MNT
Mantle Network (MNT) serves as an Ethereum Layer-2 scaling solution, aiming to enhance security, lower fees, and increase transaction throughput. Leveraging roll-up technology, Mantle creates a decentralized data availability layer in collaboration with EigenLayer.
$MNT token handles gas fees, fosters ecosystem growth, and supports community governance. Mantle’s modular architecture ensures high-performance networks at low fees, fostering exceptional DApp development while capitalizing on Ethereum’s security. Despite being undervalued in the L2 sphere, Mantle holds substantial potential due to its robust treasury and ongoing development.
SEI
Sei operates as a specialized Layer 1 blockchain designed for trading, specifically catering to decentralized exchanges (DEXes). It emphasizes reliability, scalability, and speed, particularly for NFT and in-game token trading.
The native $SEI token manages gas fees and staking on the Sei network. Offering rapid transaction finality and large-scale transaction processing, Sei boasts frontrunning protection, interoperability, and transaction bundling. With its notable catalyst, the Parallel EVM, Sei recently surged 250% and is anticipated to exhibit similar movements.