thecryptobasic.com
Levi Rietveld, popular crypto entrepreneur and Blaze Token (BLZE) founder, has revealed his top three crypto projects, featuring HBAR, XRP, and KASPA.
The Blaze Token founder joined other crypto community members to highlight his favorite top three crypto projects, which he believes have strong prospects for growth.
Specifically, the top three most preferred crypto projects on Rietveld’s list include Hedera Hashgraph (HBAR), XRP (XRP), and Kaspa Network (KASPA). The list only features Rietveld’s top three preferred crypto projects and does not serve as investment advice.
My top three crypto projects:
1. $HBAR
2. $XRP
3. $KASPAWhat are yours?
— Levi | Crypto Crusaders (@LeviRietveld) May 10, 2024
Hedera Hashgraph (HBAR)
At the top of the list is Hedera Hashgraph (HBAR). This crypto project offers a decentralized public network where developers can create powerful, fast, and secure decentralized applications (dApps).
The founders of the project raised funds for its development by conducting an initial coin offering (ICO) for its native token HBAR in August 2018. Following the ICO, the team granted the public access to the network’s mainnet in September 2019.
HBAR is currently ranked as the 26th-largest cryptocurrency, with a market cap of $3.96 billion. The token surged to an all-time high of $0.57 in September 2021. Ever since, HBAR’s price has plunged by 80.64%, as a unit of the token changes hands at $0.11.
The token has witnessed a 29.3% spike year-to-date (YTD) and a 104.32% surge over the past year. Meanwhile, experts at Changelly do not expect HBAR to register a new ATH until February 2029 when its price could hit $0.57.
XRP (XRP)
Notably, Rietveld highlighted XRP as his second-most preferred crypto project. XRP is the native token of the popular open-source decentralized blockchain XRP Ledger (XRPL). Since its launch in 2013, XRP has been affiliated with Ripple and integrated into the company’s payments solution.
In particular, XRP is fully integrated into ODL (now Ripple Payment), allowing users to utilize the coin as a bridge asset between two fiats for faster and cheaper cross-border remittances.
The coin is currently embroiled in a legal tussle between the SEC and Ripple. This lawsuit significantly impacted XRP’s performance in the 2020/2021 bull season.
Unlike other crypto assets, XRP could not register a new ATH in 2021 due to the lawsuit. XRP’s previous all-time high of $3.84 was recorded in January 2018.
At the current exchange rate of $0.5176, XRP has plunged 86.5% from the ATH. Nevertheless, crypto market watchers expect XRP to embark on a major price recovery this bull season, with its price projected to reach $5.2 this bull market.
These analysts are confident in their prediction because the coin now has legal clarity in the U.S. Also, the SEC v. Ripple lawsuit, which has cast a dark cloud on the coin’s performance, is fast approaching its end. At press time, XRP was ranked as the seventh-largest cryptocurrency, boasting a market cap of $28.65 billion.
Kaspa Network (KASPA)
The last project in Rietveld’s list of the top three most preferred crypto projects is Kaspa Network. Launched in November 2021, Kaspa Network utilizes the proof-of-work (PoW) consensus algorithm. It incorporates the Block Directed Acyclic Graph (blockDAG) architecture, allowing the co-existence of multiple blocks in parallel.
As of January, Kaspa processes one block per second, according to Technopedia. Nevertheless, its development team eyes an ambitious target of 10 or 100 blocks per second in the future.
KASPA is the native token of the Kaspa Network and is currently standing as the 38th-largest crypto by market cap. The coin registered its previous ATH of $0.189 this year, specifically on February 20.
At press time, KASPA is down 30.55% from its ATH, with a unit of the coin priced at $0.131. Analysts from Changelly expect KASPA to hit a whopping $0.412 by September 2024. This represents a 214% increase from its current price.