Analytics: Keep an eye on these 2 cryptocurrencies

The cryptocurrency market is experiencing a period of rapid growth led by bitcoin. This optimism is positively affecting several altcoins, which are showing very positive dynamics.
Michael van de Poppe, a well-known Dutch cryptocurrency analyst, recently highlighted two altcoins that he believes will play an important role in the Web 3.0 ecosystem. In this article, we will explain what these cryptocurrencies are and why they deserve special attention.

Innovative concepts with potential: modular blockchains and DePin

Van de Poppe emphasizes that it is important to invest in projects with specific usage scenarios. Not in those that focus exclusively on games, non-exchangeable tokens, meta-universes or meme coins.
He points to two innovative and evolving concepts that could potentially define the future of the cryptocurrency world and Web 3.0. These are "modular blockchains" and "DePin" (decentralized physical infrastructure networks).
According to van de Poppe, these two concepts have the potential to change the current landscape of digital currencies and the underlying technology.

Celestia: The King of Modular Blockchains

The Dutchman explains that modular blockchains were designed to address high transaction costs and scalability difficulties. Networks such as Ethereum have struggled with these issues. The technology deconstructs traditional blockchain processes, usually managed by a single layer, to significantly increase transaction speeds.
According to the analyst, the best project in this sector is Celestia. Van de Poppe called this cryptocurrency a precursor to modular blockchain technology, which aims to redefine scalability and performance.

Covalent: DePin's Best Project

Covalent (CQT) is considered the best DePin project by the Dutchman. The technology aims to reduce reliance on centralized control authorities or single points of failure in physical infrastructure networks.
This increases the efficiency, transparency and reliability of infrastructure services. These can range from energy and transportation networks to communications and logistics networks. All of them are configured for decentralization and peer-to-peer interoperability.
Analysts especially appreciate Covalent for its comprehensive set of tools for developers. They refer to a blockchain guide called GoldRush and analytics dashboards such as Increment.