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Ethereum’s impending upgrade fuels altcoin mania

Dealing with the surge: Strategies and caution amid crypto enthusiasm

Investors Eye Overlooked Cryptos For 100x Gains As Fees Drop, Speeds Rise

Ethereum’s long-awaited “Dencun” upgrade, set to roll out on March 13th, has the crypto world buzzing with anticipation. The update promises to tackle two of the network’s most notorious shortcomings: exorbitant transaction fees and sluggish speeds.

With the upgrade nearing, investors are scouring the market for overlooked altcoins that could surge 100x or more in the aftermath. But seasoned traders urge caution against getting swept up in the hype.

This is the perfect storm for altcoins,” said veteran crypto analyst Cyclop. “But just buying any token under the sun is reckless. Investors need a strategy targeting cryptos that solve real problems and meet user needs.

How “Dencun” Will Disrupt Crypto

At the heart of the excitement is the Dencun upgrade’s centerpiece innovation: proto-danksharding. This technology splits the network’s database into smaller chunks called “shards” that can process transactions in parallel.

The result is a drastic boost in Ethereum’s transaction bandwidth. Grayscale estimates the upgrade will expand capacity by a factor of 64. This enhanced throughput paves the way for up to 100,000 transactions per second—over 40 times faster than today.

Speed is not the only selling point. Ethereum users currently pay an average fee of $17 per transaction. But Grayscale analysts predict “Dencun” will ignite a 20-fold decrease for layer 2 protocols—secondary frameworks that bolster Ethereum’s capacity.

By boosting speed and slashing fees, ‘Dencun’ brings scalability and makes Ethereum competitive with faster alternatives like Solana,” said Grayscale researcher Stacy Elliot. “This could spark major gains for Ethereum itself while boosting interoperability and usage for smaller alternative cryptos.

Top Altcoins Poised for 100x Gains

Top Altcoins For Maximum Gains In Crypto Bull Cycle

According to seasoned trader Cyclop, Ethereum’s upcoming overhaul has investors flocking to overlooked altcoins across decentralized finance (DeFi), non-fungible tokens (NFTs), the metaverse, artificial intelligence (AI), and other cutting-edge crypto sectors.

With Eth becoming faster, cheaper, and more scalable, we could easily see another 2017-style alt run pumping coins 100x almost overnight,” he said.

Cyclop combed through over 50 sub-$5 billion market-cap altcoins, searching for innovative crypto startups positioned to erupt. Using a proprietary rating algorithm, he identified 22 standouts spanning a diverse mix of next-gen blockchain niches.

  • Render Network (RNDR): backbone infrastructure providing GPU power for high-demand applications like AI and graphics rendering. Native Token has staked over $3.3 billion in assets.
  • Arbitrum (ARB) is a leading layer 2 solution already used by major DeFi platforms to bolster Ethereum’s speed and scalability. The governance token secures over $2 billion in total value.
  • Sei Network (SEI): A novel crypto project focused on boosting interoperability between blockchains. Recently partnered with major DeFi protocol Anchor.
  • MakerDAO (MKR) is the cornerstone of the DeFi protocol behind DAI, the largest decentralized stablecoin. The MKR token helps govern nearly $8 billion in collateral.
  • Starknet (STRK): Innovative layer 2 framework using novel “Validity Proofs” to achieve blazing speeds and ultra-low costs for dApps. Over 450 projects have been built on the platform.
  • Ordi (ORDI): cross-chain messaging protocol and liquidity hub interconnecting blockchains and dApps. Strategic backing from key crypto funds.
  • Theta Network (THETA): leading decentralized content delivery and video streaming networks with partners like Samsung, Sony, and Google. Users have shared over 11 petabytes of video.
  • Dymension (DYM): A novel DeFi protocol for borderless borrowing and lending. Attracted backing from top-tier Asian and European crypto funds.
  • Astar Network (ASTR) is a smart contract platform and dApp hub offering Ethereum compatibility with higher speeds and lower costs. Has integrated with a leading DeFi protocol compound.
  • Ronin Network (RON) is an Ethereum sidechain made for gaming and NFTs. Powers monster play-to-earn hit Axie Infinity with over 2.5 million daily users.
  • Treasure (MAGIC): Promising a new NFT and metaverse gaming hub with backing from Coinbase Ventures. The launch lineup includes 10+ blockchain games.
  • Ankr Network (ANKR) is a leading Web3 infrastructure provider offering node services, APIs, cloud solutions, and more. Supports chains like BNB, Avalanche, and Polygon.
  • Space ID (ID): A novel decentralized identity network enables user authentication and data ownership across apps, metaverses, and games. Over 36 partners were onboarded.
  • SleeplessAI (AI): an AI computing network connecting users to a shared pool of hardware, including GPUs for machine learning and visual processing. A unique staking model incentivizes participation.
  • Polymesh (POLYX): institutional-grade blockchain tailored for regulated assets like securities tokens. Partnered with Overstock’s regulated trading platform, tZERO.
  • MyNeighborAlice (ALICE): A charming blockchain-based world where users can buy and develop virtual islands. Supported by Binance Labs and other leading crypto investors.

This basket blends blue-chip DeFi options like Maker and Theta with upstarts like Sleepless AI, tackling big problems with unique models,” Cyclop explained. “With the ‘Dencun’ effect in play, gains could be astronomical.

Beware of Irrational Exuberance

But while the outlook seems bright, analysts caution investors against irrational exuberance. According to crypto trader Michaël van de Poppe, altcoin cycles feature periods of extreme greed where tokens get bid up far beyond reasonable valuations before eventually crashing.

He advises exercising caution when sentiment reaches euphoric levels. This includes taking profits on overheated coins and waiting for corrections to buy legit projects at discounts rather than chasing green candles. Following these rules could mean the difference between life-changing wealth and heavy losses.

Mark my words—we’ll see another alt frenzy as Ethereum spreads its wings,” said van de Poppe. “Some coins will last forever. But most will crash and burn once the music stops. Invest wisely and prosper; invest foolishly and get rich.

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