Here are some of the best crypto projects to track for the next bull market, according to Bankless
Crypto finance platform Bankless details several digital assets and sectors that traders may want to keep an eye on for the next bull market.
In a new update to subscribers, Bankless says that while the digital asset industry feels “out of control” right now, the future is bright.
The outlet says it is closely watching the trajectory of tier-2 Ethereum scaling platforms Arbitrum and Optimism (OP), with rumors of Arbitrum potentially launching its own token.
Next on Bankless’ list is the interoperable blockchain project Cosmos (ATOM).
Bankless says ATOM is poised to grow as it has more upgrades and projects lined up in the near future. One key upgrade, to be launched in January 2023, will strengthen and streamline the network’s security.
Bankless is also watching the decentralized finance (DeFi) sector, saying it is due for a resurgence by the end of this year or early next year as options protocols and DeFi for NFTs are set to grow.
“One sector that appears to be gaining significant momentum is options protocols. Taking advantage of the increased capacity offered by layer-2, protocols such as Dopex, Lyra and Premia look set to grow in the near future as options become a more significant part of the crypto market structure and as sophisticated DeFi users look to manage their risk on-chain.
The last sectors on the list are Web3 social and cryptogaming (GameFi). Bankless says Web3 social platforms will grow because they are resistant to censorship.
A few apps and protocols to keep an eye on in the coming months are gm.xyz and Lens, as well as DeSo [decentralized social]a layer-1 specifically designed to host blockchain-based social applications.”
As for GameFi, Bankless says the sector can serve as a platform to bring about the widespread acceptance of NFTs, specifically citing the success of monetization games like Axie Infinity, STEPN and Sweatcoin.
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Featured image: Shutterstock/optimarc
