Several altcoins are appearing in the crypto room with the intention of becoming the “next big thing”. But not all manage to be successful in this regard. However, some alts not only created a blockchain network, but also various functions and a loyal community. Chainlink, Basic Attention Token and Dogecoin belong to this league.
Can you make it big?
Looking at their price action, it can be seen that they have received strong market support over the past month. DOGE rose by 99%, LINK rose by 108% and BAT was able to gain 91%.
However, in the past 10 days when the market began to correct, these coins also fell 9% – 20%. As you move on, it seems that they will continue to move sideways.
Dogecoin price movement down by 20% | Source: TradingView – AMBCrypto
But more than the price, it’s the use cases that set these tokens and networks apart. Chainlink is known for the data oracles that are supposed to feed real data into smart contracts. Basic Attention Token, on the other hand, uses the Brave Browser to change the advertising model for content creators and consumers.
While Dogecoin is evolving into a viable payment method. This stems from the fact that Mark Cuban developed crypto-based goods from the Mavericks that can also be bought with DOGE.
But are they worth your investment?
The three altcoins have shown some strong volumes lately, with BAT’s volumes increasing 16% in 24 hours, reaching $ 300 million. Their volatility is also in a good range, it is in the lower 90% range for DOGE and in the range of 60% -70% for BAT and LINK.
In addition, thanks to their strong correlation with Bitcoin, all three altcoins are an attractive investment.
Volumes of Basic Attention Token | Source: Intotheblock – AMBCrypto
The network performance differs slightly as BAT and LINK continue to have strong development activities. Active developers stand at 22 for Chainlink. Here, Dogecoin with its low development activity does not make a difference.
Number of active developers from LINK, DOGE and BAT | Source: Santiment – AMBCrypto
From an investment perspective, LINK and BAT are good options as they are unique in their field. On the other hand, DOGE may not prove to be a good investment opportunity.
