The crypto market has been pumping recently. After Trump’s election victory, the crypto market pumped. Are you enjoying that wild ride? I’m pretty sure we all do. However, some altcoins are still suffering. Before we get an altcoin season, Bitcoin will have to go close to or over $100,000. Which, in this up-and-coming bull run, is likely to happen. So, right now, many good and solid altcoins are lagging behind. That’s not because of something project specific. No, it’s rather part of a bigger trend.
Many people look at memecoins for their next 100x. Check out my recent videos on memecoins if you’re interested in this genre. Still, here are three altcoins with solid fundamentals that should do well. During the bull run, they should see some good price movement. Now is a good entry point.
Quant Network ($QNT)
Quant wants to connect public blockchains and private networks. To do this, it has an operating system or OS, called Overledger. This is the world’s first single API gateway. It connects all blockchain networks.
This is important, because blockchains are DLTs or distributed ledger technologies. However, their apps run most of the time on a single ledger. In other words, there’s no interoperability. That’s where Quant wants to make a difference.
The project started back in 2015 with Gilbert Verdian at the helm. So, there’s a bit of history here. It has a couple of features that support this. For example, it offers various layers. This allows you to develop mDapps. See the picture below.
Source: Quant Overledger whitepaper
You will also need to hold the $QNT token. For example, to renew your license keys. A great use case for their token. But here are some of their layers.
- Transaction layer — This allows for transaction consensus across various blockchains.
- Messaging layer — This layer takes all transaction related info from all ledgers. It drops these at the transaction layer.
- Filtering and ordering layer — This layer filters and orders off-chain messages.
- Application layer — It controls all other layers.
Quant focuses on the financial service industry. However, it also connects various other sectors, like healthcare. Now let’s take a look at the $QNT token.
The current $QNT price is $62.09. It has a market cap of $903 million. As you can expect from a 6-year-old coin, all tokens are in circulation. So, no unlock surprises here. Quant is a strong project with good fundamentals. It should do well.
Oraichain ($ORAI)
My next undervalued coin is Oraichain ($ORAI). This is an AI powered oracle, and it’s part of the Cosmos ecosystem. It has been around since early 2021. The oracle sector is an important sector for crypto.
The reason is straightforward. Blockchains can’t communicate with the outside world. However, it needs this outside world information. For example,
- Real time prices of various assets. Like gold or other precious metals, stocks, and crypto. DeFi and other financial on-chain services rely on this information.
- Betting sites need real time sport results.
- Weather updates and forecasts allow insurance companies to calculate their premiums.
- Geolocation data allow for supply chain tracking.
Oraichain already has its own ecosystem. For example, it offers,
- OraiDEX — Swap and bridge between EVM and IBC.
- OWallet — A multichain wallet that offers, among others, EVM, Bitcoin, Cosmos, and BNB.
- OBridge — You can bridge between 11 networks and 17 tokens.
- aiRight — A free online AI art generator.
- DeFi Lens — Get AI help with your trading. See the video below.
- LLM Layer — A DeFi chatbot.
Oriachain is also extremely user-friendly. For example, it offers extensive beginner’s guides for crypto fundamentals and trading. These are great tools to get familiar with the platform. Or crypto in general, for that matter. But also, DeFi Lens and the chatbot are great tools to help you out with any questions.
So, if we look at the current $ORAI price, we see it at $5.74. It has a $95 million market cap. There’s a max supply of 19.7 million tokens and a total supply of 18.3 million. Out of these, 16.5 million circulate.
Polygon ($POL)
Polygon is a Layer 2 solution on Ethereum. It’s been around since 2017. Currently, we’re having Polygon 2.0. If we look at some metrics, it is a top-notch chain. For example,
- If we look at TVL, it comes in at #11 with $1 billion. It has no less than 1239 tokens in its ecosystem.
- It’s the leading L2 chain, measured by market cap. That’s $3.5 billion.
Various Chains on Polygon 2.0
Polygon 2.0 is about aggregated blockchains. It combines the best of monolithic and modular chain designs. On 4th September, Polygon also launched its new $POL token. This will replace $MATIC. Polygon 2.0 consists of various chains. For instance,
- The PoS chain. That’s Polygon 1.0, as we know it. The EVM enabled sidechain.
- The aggregation layer. It combines monolithic and modular approaches to scaling. It has two components: a common bridge and a ZK-powered mechanism. This offers secure cross-chain interoperability.
- ZKEVM the ZK scaling solution. Secure and with low cost.
- Miden, a rollup for private apps. Ideal for payments, DeFi, and blockchain gaming.
All these chains use $POL as their common currency. It powers all chains on Polygon. With $POL, validators can validate more than only one chain. As many as they want. However, each chain can give various roles and rewards to validators.
now that I have Just gotten your attention, let me introduce you to the agglayEr
it’s a decentralized protocol that aggregates zk prooFs from all connected chains and ensures saFety for atomic crosschain txns
— Polygon (※,※) (@0xPolygon) November 17, 2024
The current $POL price is 33 cents. That’s 54% down over the year. Very much undervalued indeed. The market cap is $2.4 billion. However, it has an unlimited max supply. This in contrast to the original $MATIC token. Out of the 10 billion total supply, 7.6 billion circulate.
So, here we are, three undervalued altcoins with plenty of potential. All three altcoins have good fundamentals. Their current situation is because of a general trend, rather than project related. So, plenty of upside is possible here. Which of these altcoins relates most to you and why?
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
The post Top 3 STUPIDLY Undervalued Altcoins for the Crypto Bull Run appeared first on Altcoin Buzz.
This articles is written by : Fady Askharoun Samy Askharoun
All Rights Reserved to Amznusa www.amznusa.com
Why Amznusa?
AMZNUSA is a dynamic website that focuses on three primary categories: Technology, e-commerce and cryptocurrency news. It provides users with the latest updates and insights into online retail trends and the rapidly evolving world of digital currencies, helping visitors stay informed about both markets.
