Top Altcoin Sectors/Narratives to Watch this Bull Run…
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DeCC
DeCC refers to Decentralized Confidential Compute. Data confidentiality is a critical factor for DePIN and AI to work properly, and DeCC strengthens dApps that work this way. DeCC is a new narrative that’s been gaining momentum in the space. It’s a decentralized autonomous secure computing innovation to support the growth of DePIN and AI. There are a few projects leading the DeCC narrative, with a combined market cap of $1.8 billion. Some notable projects in the DeCC zone are Secret Network (SCRT) with a market cap of $179 million and Phala Network (PHA) with a market cap of $128 million.
SocialFi
SocialFi is also a hot narrative in this bull run. There are over 60 projects that are making an impact in the SocialFi space with a combined market cap of $7.1 billion. Some notable projects are Galxe (GAL) with a market cap of $492.2 million and Theta Network (THETA) with a market cap of $3.6 billion.
DEX
DEXes are Decentralized Exchanges. DEX projects are platforms built on blockchain technology that allow users to trade cryptocurrencies directly with one another without the need for a central authority or intermediary. There are over 160 projects in the DEX category with a combined market cap of $29 billion. Some notable projects that are making waves in the DEX narrative are Uniswap (UNI) with a market cap of $10.5 billion, Osmosis (OSMO) with a market cap of $1 billion. ShadeSwap (SHD) has the potential to hit a billion market cap even though it is currently sitting at $23 million, so it is early. With $40M TVL and 24k monthly visitors, Shade Protocol is a suite of open-source applications that provide the best platform for private DeFi in the cosmos.
