(Kitco News) - Layer-one (L1) tokens have consistently been among the top performers during cryptocurrency bull markets as they serve as foundational blockchains for the entire ecosystem, making it possible for all other sectors – from gaming and non-fungible tokens (NFTs) to decentralized finance (DeFi) – possible.
So it’s no surprise that some of the top L1 protocols are leading the way as the current bull market cycle starts to ramp up, and according to analysts, past cycles show that these tokens still have a long way to go before they hit their peak. The protocols currently attracting the attention of investors include Solana (SOL), Avalanche (AVAX), and a new arrival to the scene, Kaspa (KAS), with each offering different benefits to users. Institutions show interest in Solana Solana has been one of the top-performing coins in 2023, climbing from below $10 at the start of the year to its current price of $62.12, an increase of nearly 550