Huge potential! Three cryptocurrencies expected to rebound strongly in the near future!
NEAR
NEAR Protocol is one of the biggest winners in the first quarter of 2024. Its TVL reached $335 million, a month-on-month increase of 163%, and the number of daily active addresses reached 1.2 million, a month-on-month increase of 42%. NEAR's stablecoin market value also increased by 176% month-on-month to $214 million. In addition, NEAR also plans to use AI chatbots to help people with no coding experience create DApps, cooperate with NEAT protocol to accelerate the development of AI applications, and launch an incubation program to build infrastructure for users' own AI.
RNDR
Render Network has attracted much attention due to the rapid development of LightField Labs holographic imaging technology invested by its parent company OTOY. The digital restoration process requires rendering work, and Render Network is a leader in this field. In addition, Render Network has established a partnership with Stable Diffusion to support scenes such as images generated by large language models, text-to-video/3D, etc. Apple also mentioned Octane, a creative workflow software powered by Render Network, in its keynote speech on the M4 chip on its latest iPad.
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LPT
Livepeer is redefining live video streaming and becoming a pioneer in fully decentralized network protocols. Built on Ethereum, Livepeer provides a cost-effective alternative to centralized broadcasting by enabling developers to deploy open source video streaming solutions. Orchestrators on the Livepeer network transcode videos in a competitive manner and are rewarded with LPT tokens through a delegated proof-of-stake (DPoS) model. This decentralized approach reduces transcoding costs by up to 50 times while ensuring strong security and is supported by Ethereum's mature DApp ecosystem.
