Decentralized Networks and Privacy Coins Outpace Bitcoin as Crypto Draws More Institutional Investment
• Filecoin (FIL-USD) aims to transform data storage with its decentralized network, with potential for 217% growth as cloud storage expands. Compatible with Ethereum and other Web3 tech.
• Dash (DASH-USD) focuses on privacy and anonymity, standing out as governments try to impose controls. Features like PrivateSend obscure transactions.
• Polygon (MATIC-USD) solves Ethereum's scalability challenges and enables faster, cheaper transactions. Backed by Mark Cuban and major companies.
• Cryptocurrencies are drawing more institutional investment with SEC approval of Bitcoin ETFs and inflow of cash.
• Bitcoin's next halving approaches in mid-2024, expected to fuel further crypto growth. Other assets beyond Bitcoin and Ethereum can provide diversification.