Two Altcoins rallied more than 200% in past three months and reached new ATH

Altseason still hasn’t started yet even though we’ve had a very good 2023 so far. Bitcoin and Ethereum have experienced a very bullish start to the year, both up some 50% since 1 January.

However, compared to some new Altcoins from the CoinMarketCap top 100, this is not too surprising. In the last three months, two of these rose more than 200% and even reached a new All-Time-High price in 2023.

Catchup nations

If a country develops a certain technology, another country will normally copy this technology and, thanks to this new technology, also make a profit faster than the first country. It’s the same for companies. This mechanism is called catch-up technology.

At the beginning of the industrial revolution, it took England several years to develop the steam train. The Netherlands and Belgium did not have to invest in R&D (research and development) and then simply copied the technology and reaped the benefits much quicker.

This is also the case in crypto. Bitcoin technology had many copies, and Ethereum’s blockchain is also an example.

Aptos

One of the latest Ethereum ‘copies’ is Aptos, which only started trading on cryptocurrency platforms in mid-October 2022. Aptos was perhaps one of the most hyped blockchain projects ever, raising more than $350 million from Silicon Valley venture capitalists. Despite its fairly recent debut, Aptos is already among the top 60 cryptocoins by market capitalization.

#Aptoss now at 16$ $APT will reach 160$ in this year 2023 10X soon pic.twitter.com/9O8gr9XL8s

— Crypto GVR (@GVRCALLS) February 16, 2023

Aptos is a proof-of-stake blockchain, just like Ethereum, which in theory can do everything Ethereum can do, only much cheaper and faster.

Aptos can theoretically process 150,000 transactions per second. Before The Merge, Ethereum only processed 10 to 15 transactions per second. The price of Aptos has increased along with its success. Aptos went up 210% in the last 90 days.

Attention: there is a link between Aptos and FTX, Sam Bankman-Fried’s defunct platform. If the lawsuit against FTX starts, Aptos could become very volatile.

• Aptos is available on Binance.

Rocket Pool

Since Ethereum switched from proof of work to proof of stake (which is much more environmentally friendly), some crypto companies have started offering shared proof of stake groups, or staking in a pool.

I’m filling my bag with a bunch of $RPL, as it is one of the leaders in the LSD narrative with the upcoming Shanghai update #LSD $LDO pic.twitter.com/EFdxNCRxbX

— 0xMikeOG (💙,🧡) 🦇🔊 (@0xMikeOG) February 14, 2023

This offers solutions for smaller investors who do not want to invest in hardware but want to participate in keeping the Ethereum network safe. RocketPool is one of them.

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This means that you can offer your own Ethereum to RocketPool, receive similar amount in RocketPool token back from them and then invest in the joint node. This contributes to the Ethereum network, which brings rewards to your original investment. A kind of dividend as happens to a stock if you will. After a while, you can decide to exchange your RocketPool back for Ethereum, which is then, normally, equal to the new value plus the rewards you earned for securing the network.

RocketPool is very popular with crypto enthusiasts and has risen 210% in the last 90 days.

• Rocket Pool is available on Binance.

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