Analyst: These 3 Altcoins are Hidden Gems!
Small altcoins appear as those with a market cap under $100 million. While they carry higher risk, they also offer greater return potential. As Maddie explains, it’s easier for a $10 million project to go up 100x than for a giant like Bitcoin to do the same.
The first cryptocurrency on Maddie’s list is COTI, which is currently the most overrated project in the Cardano ecosystem. With a market cap of just over $100 million, it offers great potential for investors. COTI’s application chain is specifically designed for payments, which has already proven to be one of the most successful use cases for cryptocurrency. Maddie is also optimistic about COTI due to its relationship with Cardano and the Djed stablecoin.
The second altcoin on the list is Unmarshal (MARSH), a blockchain infrastructure project that offers APIs for querying Blockchain data, specifically NFT data. Unmarshal’s tools are designed to be flexible and can be tailored to the specific needs of individual projects. Its ability to support 20 different chains and multi-application functions makes it a great choice for those dealing with more complex applications such as NFT games and metaverses.
Finally, Maddie recommends you take a look at Trader Joe’s, a decentralized exchange (DEX) built on the Avalanche (AVAX) Blockchain, which offers a variety of DeFi services, including staking, yield aggregation, and exchange. The JOE token is the native cryptocurrency of the platform, which has experienced explosive growth with over $70 million locked total value (TVL) since its launch in June 2021. Cryptofish and 0xMurloc, the founders of Trader Joe’s, are pseudonymous developers who prioritize innovation, speed and security in their community-first approach.
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