Investing in Web3 infrastructure projects during bear markets can lead to significant gains in the bull market. Three promising altcoins that could explode in the 2024 bull run are PARSIQ, Openfabric AI, and Chainlink.
PARSIQ is a blockchain indexer and data query protocol that offers similar features to The Graph but has a much smaller market cap. With the upcoming release of its Reactive Network and ReactEVM, PARSIQ aims to enhance smart contracts’ capabilities and improve trading and swaps. The project’s potential, combined with its smaller market cap, makes it an attractive investment opportunity.
Openfabric AI combines three existing projects—Fetch.ai, Singularity, and Akash—to create an all-in-one marketplace for AI apps in the crypto space. It allows users to build and launch their own AI apps using infrastructure provided by Openfabric or have the team develop custom apps for them. Openfabric’s exposure to decentralized computing power, marketplaces, and custom apps makes it a compelling investment choice.
Chainlink is a leader in providing oracles for smart contracts. Its CCIP protocol enables cross-chain interoperability and brings off-chain data into smart contracts. This technology opens up possibilities for real-world asset projects and asset tokenization. Chainlink’s partnership with SWIFT further solidifies its position in the conventional finance sector.
Investing in these Web3 infrastructure projects offers the opportunity to capitalize on their efforts to enhance smart contract functionality and tap into the growing demand for AI and decentralized computing power. As the crypto market evolves, these projects are well-positioned to thrive in the future.
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