Cryptocurrency prices continue to take a beating, yet value-focused traders might consider taking a keen look at Solana, Polygon, and Harmony. The pain trade has been an unsolicited sight across the crypto-verse since January 1st. In addition to the adverse market sentiments, network congestion appears to have wiped out a majority of the gains.
Veterans across the crypto space have been arguing that bugs such as network congestion are a “blessing in disguise”. Ethereum has experienced heavy network congestion reports before it became whatever it is today.
To be very precise, network congestion happens only when there is massive traffic. Moreover, new addresses will add up when the network has agile fundamentals and indulges in frequent collaborations and integrations. And SOL, MATIC, and ONE are well ahead of this game!
Ethereum’s Congested Road To The Throne!
The altcoin leader Ethereum’s road to a half-trillion market cap was not that easy. Notably, it has faced several network hurdles whenever it has thrived to claim new ATHs. In December 2017, when it was attempting to reach a local high of $450, high traffic acted as a setback. Cryptokitties, a cartoon game launched on ETH blockchain has caused a network to clog up.
As soon as the developers fixed the problems, ETH’s price skyrocketed beyond $500. However, the network has encountered similar issues in 2018 more than twice. But every time developers fixed the issues, the star altcoin has achieved a new milestone in terms of ATH with more than 2x growth.
Will Solana, Polygon, and Harmony Stalk ETH For 5x Gains?
Solana, Polygon, and Harmony have been reporting network congestion issues as new traffic continues to inflow. SOL reported a series of bugs since August, yet managed to resolve the issues and reached new milestones with significant growth.
Polygon has seen gigantic growth of over 10,000% in 2021. While it was trading at $2.5, the NFT game Sunflower Farmers on Polygon blockchain has caused a major network outage. Yet with the instant resolution, MATIC’s price reached a new ATH above $2.8. The same goes with Harmony, transient network issues have shown up its demand and boosted network activity.
Collectively, various blockchain’s may fail to hold the huge traffic at ATHs and it is quite obvious. Only when issues arise, the developer fixes them and focus more on strengthening the network. Despite users’ concern that extended crypto winter could impact the projects, these are the times where traders could capitalize on great opportunities to choose agile altcoins, which could potentially boom by 5x once the market sentiments turn bullish.
