Market conditions are somewhat strong at the moment. Bitcoin is on a downward trajectory. Many alternatives are in decline. Some fell a lot, but a lot. In this environment, crypto expert Stu L. from the AltcoinBuzz team draws attention to some altcoin gems that can compensate for some of the losses.
First ranked altcoin: ChainGPT (CGPT)
You can see that ChainGPT offers a lot of help. They also have an easy-to-use SDK and API access. This makes access easy and problem-free for developer teams. Then one of the most convenient but most underestimated features is ChainGPT Launchpad. However, you can crowdfund not only AI but also DePIN, Decentralized Community or other Web3 projects.
The market price for all the amazing tools the platform offers is lower than you would expect. The current market cap is $80.2 million, below $0.20. There’s a lot of room to work on this. About half of the total supply, 489 million out of 998 million, is in circulation. Omnia Protocol, which we recently covered, is among the IDO and incubation projects owned by ChainGPT. ChainGPT’s CGPT token is up 65% in the last 12 months. In contrast, the altcoin has fallen 23% in the past month. This is much better than what many altcoin projects have endured so far, especially in 2024.
In second place is Hivemapper (HONEY)
The second of these altcoin gems is Hivemapper. Web3’s Google Maps. Until now. They have a huge advantage over Hivemapper Solana and anyone else looking to compete for position. With or without DePIN. They have mapped 19% of all roads in the world. Many people consider Solana to be a shitcoin or memecoin network. Even as a VC network. But for a project like Hivemapper, the perceived lack of decentralization due to Solana’s VC influence is an advantage. The protocol itself is decentralized with more than 143,000 participants.
Hivemapper’s native HONEY token is changing hands at $0.08. The altcoin has a market cap of $133 million. This may be at the upper end of lower values. But we still love. HONEY has lost 60% in the last 3 months and 18% in the last 30 days. Still, even with this selling move, HONEY was still up 378% last year. This made him one of the best non-chest coin performers of the year. We think Hivemapper can regain its recent high of 20 cents and generate 2.5x returns for its owners.
Last ranked altcoin: ClearPool (CPOOL)
And in the RWA branch, we have Clearpool, the last of these altcoin gems. It says what he does on the front of his website. A decentralized credit market. Prime network is for enterprises. Along with KYC and AML checks and other things that organizations need to comply with legislation. Permissive lending is simply a pool of liquidity matched with a corporate borrower. Among the borrowers here is fiat on-ramp Banxa, which borrows USDC through Avalanche with 21% APR payable every 7 days. So they use Clearpool as a line of credit to fund crypto card purchases their customers make with their debit card or Google Share. Pretty cool. Some of these pools, including the Banxa pool, require KYC, while others do not.
The market cap of the 17-cent CPOOL token is $103 million. It’s on a big upswing that we expect to continue. CPOOL increased by 44% in the last 30 days, 100% in the last 3 months, and 692% in the last 12 months. They’re just crushing it, and more than one person is starting to notice.
The opinions and claims in the article are those of the expert and are not necessarily investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.