By
July’s Top 4 Altcoins: Preparing for the Pump
https://ift.tt/LurolCY
Do you want to see some light at the end of this dire red crypto tunnel? There’s no need for me to tell you that the current crypto market is down. Most altcoins show red charts. Still, some altcoins have positive news. There are green charts available.
I’m about to show you some of these altcoins that are doing well right now. That’s despite the current bearish sentiment. But you need to know where to look. Well, my team and I found some projects that have the potential to pump. Or even better, are pumping right now. So, let’s hop in and see which altcoins I’m talking about.
1) Artificial Superintelligence Alliance ($ASI)
A massive merger between AI projects is about to take place. 1 As a result, we will see a brand-new token, $ASI. These 3 projects are in the AI top 11 measured by market cap. They are:
- Fetch.ai ($FET).
- SingularityNET ($AGIX).
- Ocean Protocol ($OCEAN).
Together they will form the Artificial Superintelligence Alliance. This process has two phases. The first phase starts on 1st July. This will see the rebranding and the token merge.
Source: X
The SingularityNET and the Ocean Protocol tokens will merge with the $FET token. Spot and perpetual trading will now happen under the $FET token. Soon, you won’t be able to deposit or withdraw $AGIX and $OCEAN anymore.
In mid-July, we will see the upgrade from the Fetch network to the ASI network. This will also see the deployment of the $ASI token across various chains. If you have any of the 3 tokens in self-custody, that’s no problem. There will be new migration contracts that will let you swap to $ASI.
Source: X
You can keep using all your previous wallets, like MetaMask or Trust Wallet. Also, all hardware wallets, like Ledger, Trezor, or SafePal will accommodate $ASI. Since this news, all three tokens surged up to 55%. However, currently, they’re retracing. Nonetheless, July may see a good run for $ASI.
2) Injective ($INJ)
Injective is a financial app chain built on Cosmos. An app chain specializes in a specific use case. Well, with Injective, that’s finance. It has four crucial pillars. These include:
- Liquid staking — Hydro protocol is the premier Liquid Staking Protocol on Injective. Their next step is Liquid Restaking.
- Derivatives — Perpetual DEXes with leverage, up to 30x. For example, with the Levana Protocol or Thetanuts Finance.
- Asset Management — For example, automated trading and yield generation with Mito Finance. Mito also offers a launchpad.
- Stablecoins — With $USDe by Ethena Labs, $PYUSD by PayPal, or $USDC by Circle.
Source: X
But Injective offers more, for instance:
- DEXes.
- Lending.
- NFT marketplaces.
- RWA.
- GameFi.
However, what got the ball rolling was this announcement. Injective and Fetch. No further explanation. This had their X account explode and the $INJ price surged as a result. It went from $19.92 to $23.10 in only a day. That’s a 16% uptick.
Source: X
I just explained what is happening with Fetch.ai and its merger. So, this keeps us at the edge of our seats for the time being. But you can bet that it’s some good news.
3) Centrifuge ($CFG)
Centrifuge is one of the RWA (real-world assets) OGs altcoins in crypto. It specializes in tokenizing real-world fixed-income assets. For example, invoices, royalties, or mortgages. Centrifuge has some impressive stats to show for itself. For instance:
- Total assets financed stand at $ 607M.
- 1493 assets have already been tokenized.
- TVL growth (YoY) is + 32%. Its current TVL is $292 million.
Not too long ago, in April 2024, Centrifuge raised $15 million in a series A funding round.
Source: X
As you may know by now, RWA is in the spotlight. BlackRock showed serious interest in RWA altcoins. That’s one of the biggest asset management firms in the world. Ever since we have seen a price increase for almost all RWA projects.
Centrifuge leaders find themselves back in all kinds of committees and events. There’s also a new token vault standard, ERC-7540. This unlocks composability for new use cases. For example, like RWAs but also for liquid staking.
Source: X
It will also benefit a new level of DeFi markets for RWAs launching on Centrifuge. Keep in mind that predictions for the RWA marker in 2023 reach $16 trillion. 7 On 25th June, the $CFG token surged from $0.44 to almost $0.54 or 18.5%.
4) Arweave ($AR)
Arweave takes us into the DePIN realm. This project is all about storage. 2 For example, it offers permanent storage, which in this case means at least 200 years. This is on the so-called permaweb. Arweave offers storage on a decentralized network. This makes it, for instance, a lot cheaper compared to big, centralized cloud providers.
Here’s the big news that hit the Arweave community last week. The AR.io network is live. It helps people access the permaweb. However, without broken links or 404 messages. You can compare it to the normal web. But, there’s one big difference. It stores everything forever.
Source: X
It’s a hyperparallel computer. This means that it has a parallel processing approach to computing. Its TVL already outranks a chain like Cardano. In only 3 days, $205 million was pre-bridged. One week after the launch of AO’s pre-bridge, we see a deposited total of $368m. That makes it TVL larger than Aptos, NEAR, Cardano, Fantom, or Algorand.
As a result, the $AR token jumped from $26 to $30 in a day. That’s 15%. This cemented Arweave’s place in the DePIN sector. So, I covered AI, DePIN, and RWA projects today. These are currently the hottest sectors in crypto you can find. Which project do you prefer out of these four? Let me know in the comments.
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 the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than 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 July’s Top 4 Altcoins: Preparing for the Pump appeared first on Altcoin Buzz.
news
via Altcoin Buzz https://ift.tt/nXM2CPz
July 4, 2024 at 09:02AM
July 4, 2024 at 09:05AM
via Altcoin Buzz https://ift.tt/LurolCY