The year 2021 has been exceptionally good for the altcoin market starting from the rise of Defi tokens to the growth of smart contract platforms, the upswing in Metaverse tokens, and the rise of Layer-2 protocols.
Mega altcoins or large-cap alts like Solana, Cardano, and Polkadot noted high yearly ROIs this year rallying independently at some point or other. Thus, garnering high social attention as well as retail boost. However, this rather fruitful year (at least for some coins) had somewhat come to an end.
The aforementioned large-cap altcoins seemed to take a bearish turn. The festive bells hadn’t yet rung for DOT, ADA, and SOL as the altcoins noted heavy correction after BTC’s fall under the $50K level. So, with these altcoins testing
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