3 Overlooked Cryptocurrencies That Are Pioneering the Future of Blockchain Technology

Cryptocurrency investors are free to invest in whichever tokens and coins they deem suitable. However, I'd argue that several established cryptocurrencies, especially the ones furthering the blockchain, are among the very best.

Several established cryptocurrencies are laying the foundations for future blockchain technology and continue to be overlooked as some of the best current investments that combine long-term viability and upside with relatively less risk. Three cryptos that fit the bill are Solana (SOL-USD), Polkadot (DOT-USD) and Avalanche (AVAX-USD).

Solana is a standalone blockchain platform that was launched in 2019. It continues to possess several attractive qualities that many believe will make it the future successor to Ethereum (ETH-USD).

Any discussion about Solana usually pivots to its advantages over Ethereum, and almost always centers on Solana’s higher transaction speeds and dramatically lower gas fees. While that is certainly true and noteworthy, I think what will ultimately propel Solana above Ethereum is its developer friendliness.

Blockchain developers in aggregate will be ultimately responsible for the future state of cryptocurrency. As time goes on, more and more developers are coming to realize that Solana is a much more developer-friendly blockchain than its rival Ethereum.

That will create a virtuous cycle where those developers increasingly focus on Solana and further its blockchain development.

Cryptocurrency investors like Solana because it performs so well as an investment. That is likely to continue because of all of the aforementioned strengths it possesses. Thus, readers shouldn’t be surprised if and when Solana continues to appreciate in value.

Polkadot has also received a lot of attention as an important crypto that is working to build blockchain infrastructure.

Remember, blockchain is simply an immediate and transparent ledger system at its heart. Every individual blockchain is disparate from every other individual blockchain. What that means is that a lot of important data is separated by blockchain. That’s where Polkadot’s utility exists. The whole purpose of Polkadot is to connect various blockchains, facilitating interoperability and data sharing in the process.

Polkadot includes several different mechanisms that connect blockchains including relay chains, parathreads, parachains and bridges.

The fact that Polkadot is primarily valuable because of its ability to connect blockchains raises the question of why that matters at all. The answer is that the more connected every blockchain is, the more complete data becomes allowing more applications to be built.

More and more companies are working to digitize their real real world assets onto the blockchain as time goes by. That will create an increasing opportunity for Polkadot’s utility to grow, raising its value in the process.

Avalanche is one of the more interesting established cryptos that is working to solve several important issues in the crypto space.

The project is well known for its attempts to solve what is known as the blockchain trilemma. That says that blockchains cannot achieve significant decentralization at scale, thereby invalidating one of their central purposes. High gas fees are one of the consequences of over-centralization, which is arguably manifest at Ethereum.

Avalanche has designed a system that interoperates three separate blockchains in order to solve the problem. Each of those three blockchains has different functions and design, thus far resulting in higher throughput while maintaining decentralization.

The three separate chains mentioned above can be understood in more depth by viewing this article, which highlights several of the more interesting use cases Avalanche is currently utilizing.

The crypto derivatives exchange highlighted at the top of those use cases is probably the most interesting simply for the fact that it promises to drive demand for AVAX substantially. In turn, demand will likely rise as tangible, money making applications are developed using Avalanche.