Bear Market on its Last Legs?
While Bitcoin has gained 27% and altcoins like Solana and Chainlink have seen significant increases since the start of October, it may not be time for “alt season” just yet. This means there is still an opportunity to invest in altcoins that have the potential to explode during the upcoming bull market. In this article, we will discuss four altcoins that are likely to survive the rest of the bear market and thrive in the bull market.
1) Render Network (RNDR)
Render Network is an altcoin that operates in the AI space by providing decentralized GPU computing power. While their servers run on centralized platforms like AWS and Google Cloud, a recent vote by the Render community in favor of adding the Beam Compute Client proposal gives AI operations with GPU an advantage. This development is expected to positively impact the RNDR token price, which has already seen impressive growth this year.
2) Kaspa (KAS)
Kaspa is a Proof-of-Work blockchain that uses the GHOSTDAG protocol. Unlike traditional blockchains, Kaspa’s blockDAG allows new blocks to coexist instead of being orphaned if created in parallel. The team aims to increase the chain’s speed from 1 block per second to eventually 100 per second. One notable project in the Kaspa ecosystem is Chainge Wallet, which enables fast and easy KAS payments through QR codes.
3) Akash Network (AKT)
Akash Network operates on the Cosmos Hub and offers a decentralized marketplace for cloud computing. With AI and machine learning on the rise, platforms like Akash that provide computing power are expected to grow as well. The Supercloud feature utilizes existing but unused computing power from data centers, contributing to the recent price increase of the AKT token.
4) The Graph (GRT)
The Graph is an indexing system that allows developers to find data from blockchains, making it easier to develop decentralized applications (Dapps). The GRT token has a strong use case as it is used for queries on the platform. The Graph supports over 40 networks, including non-EVM chains like Cosmos, and continues to add new features to enhance its functionality.
Hot Take: Altcoins with Promising Potential
While these altcoins have seen varying degrees of growth, they all have promising potential in the upcoming bull market. Render Network’s focus on AI computing power, Kaspa’s unique blockchain protocol, Akash Network’s decentralized cloud computing marketplace, and The Graph’s indexing system for developers make them stand out in the crypto market. Keep an eye on these altcoins as they continue to evolve and gain traction in the industry.
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