Blockchain Breakouts: 3 Cryptos on the Edge of Mainstream Madness

The market is increasingly adopting the use of cryptocurrencies. Cryptos could allow retail investors to make money quickly or even change their entire financial future. Now even Wall Street is getting on the scene, just like the banks want JPMorgan Chase (NYSE:JPM) allowed it Customers start investing Bitcoin (BTC USD) and other cryptos for purchase.

The excitement behind the cryptocurrency asset class is not only driven by the adoption of this space. The recent rallies that saw Bitcoin cross $50,000 again have also seen other coins in the market rise. The increase in yields in the double or triple digit range also attracted attention and people willing to buy the asset class.

Given these developments, it is easy to see how other coins, such as the list of three below, can quickly become your top choice. Read on for a list of cryptos to buy that are on the verge of becoming a household name.

Solana (SOL)

Since the last twelve months Solana (SOL USD) followed the type of price movement that most other cryptocurrencies have undergone. This action can be defined as a narrow channel with very low volatility. The behavior can be attributed to the same price movement seen in the leader Bitcoin.

This trend has now changed to making riches. You see, Solana has surged as much as 500% over the past two quarters, during a period when the S&P 500 index (the leader in the world of stocks) only delivered low double-digit performance. Stocks have been overshadowed by the newer and less sophisticated world of cryptocurrencies.

Be a direct competitor ether (ETH-USD) Solana has the same characteristics that make it a major player. Solana is now a pillar of the mainstream blockchain world, enabling assets like non-fungible tokens (NFTs) for Web3 applications. As the major Bitcoin halving approaches, these mainstream applications are expected to increase investor interest and drive significant price increases for this crypto buying option.

Avalanche (AVAX)

With a similar price performance to Solana and all other cryptocurrencies over the last twelve months, avalanche (AVAX-USD) has recently given investors returns of more than 300%. It has also underperformed most other “traditional” asset classes such as stocks and bonds.

Accordingly Google Trends, there was a surge in searches for the word “Avalanche.” These searches are unlikely to be related to actual avalanches in nature, but they could be due to the recent price movement of the cryptocurrency as it is now also being adopted more frequently.

Similar to Solana, Avalanche also shares Ethereum’s capabilities. This could lead to general acceptance as participation increases.

All of this is likely to increase the popularity of its functionality and the potential wealth creation trend.

Chain link (LINK)

Is that surprising? chain link (LINK USD) have also experienced similar price movements in the last twelve months? This coin experienced an increase of more than 300%, joining the ranks of “popular” coins. But this coin has much more to offer than just its wealth creation potential.

Maybe it’s because of the coin’s recent rally, or maybe it’s because of the anticipation surrounding the cryptocurrency space as Bitcoin is expected to halve in the coming weeks. A rally in Bitcoin is likely to push the rest of the asset class higher. Nevertheless, people are becoming more and more interested in the Chainlink coin.

The Google Trends The chart shows a breakout in searches for “Chainlink” dating back to January of this year. Adoption by mainstream investors extends beyond the newfound searches for Solana and Avalanche.

Chainlink is part of a data provider that enables the functionality and scalability of smart contracts. Therefore, it is only a matter of time before mainstream media and investors adopt this name as an addition to the household portfolio.

As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies (no position)