Cryptocurrency analyst Ben GCrypto has shared a list of the top 10 promising altcoin projects with a market cap under $300 million and the top 10 decentralized finance (DeFi) altcoin projects by market cap.
These altcoins have a future!
The cryptocurrency market is starting to perform well on its bullish path, going against the stock market during the bank collapse. Leading cryptocurrency Bitcoin (BTC) continues to struggle at $28,000, while a few altcoin projects stand out. Crypto analyst Ben GCrypto shared his list of the top 10 altcoins that he believes are the most promising:
This time, we have listed the top 10 projects that we believe have a current market capitalization of less than $300 million. You can take a closer look: Oasis Network (OASIS), Decred (DCR), Gnosis (GNO)), Olympus (OHM), Audius (AUDIO), Yearn Finance (YFI), Balancer (BAL), OMG Network (OMG), STEPN (GMT) and Harmony (ONE)
Oasis is the leading layer 1 blockchain network that supports privacy and scalability. It combines high throughput and low gas costs with a secure architecture to provide the next generation foundation for Web3. It is also designed to power DeFi, GameFi, NFTs, Metaverse, data tokenization, and data DAOs. Oasis is one of the most popular artificial intelligence projects in recent years. The coin has seen a strong price increase since the beginning of the year.
By combining battle-tested Proof-of-Work with an innovative Proof-of-Stake approach that puts cryptocurrency holders in charge of shaping the future, Decred is able to adapt to challenges and innovate quickly. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provide them with the tools they need to increase their financial sovereignty.
Top 10 DeFi Altcoin Projects
Ben GCrypto also shared a list of the top 10 decentralized finance (DeFi) altcoin projects by market capitalization:
DeFi is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. Here are the top 10: Uniswap (UNI), Chainlink (LINK), Lido DAO (LDO), The Graph (GRT), Aave (AAVE), Synthetix (SNX), Rocket Pool (RPL), Curve DAO (CRV), PancakeSwap (CAKE) and GMX (GMX).
Uniswap is a popular decentralized exchange protocol known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is an example of an automated market maker (AMM) that launched in November 2018 but has gained considerable popularity this year due to the DeFi phenomenon and the associated surge in token trading. Uniswap aims to keep token trading automated and fully open to anyone who holds a token, while improving transaction efficiency compared to traditional exchanges.
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized network of oracles, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed for complex smart contracts to become the dominant form of digital negotiation.
