There are five Cosmos (ATOM)-based altcoins that are considered smart money to have the potential to raise funds. Analyst Stu L. drew attention to these cryptocurrencies. He pointed to the reasons behind the positive sentiment. Here are the details…
The first altcoin on the analyst’s list: JUNO
The Cosmos community is very “bullish” on the Juno Network. Juno is a smart contract platform and is the home of CosmWasm. It also belongs entirely to the community. This is the 2nd largest smart contract platform after Ethereum’s EVM. Developers use Juno to develop WASM VMs so that more protocols and applications have interoperable smart contracts. The ecosystem is growing rapidly with many projects including:
- White Whale for arbitrage migrating from Terra to JUNO after the LUNA explosion.
- Fiat on and off-ramp service Kado for a direct transition to Juno.
- JunoSwap to buy and sell any CW-20 token.
- MintDAO for cross-chain NFT launchpad.
The importance of CosmWasm for an alternative smart contract to EVM is something vital to the growth and success of Cosmos overall. Also, according to the analyst, Juno has excellent tokenomics. More than 75 percent of the total token supply is available as part of the circulating supply. This means that there isn’t much to worry about in the future, with huge supply, token unlocking or authorization schemes. Also, there is no artificial increase in price due to limited supply.
Platform that says “Anyone can be a whale”: Kujira
Kujira’s message is “Anybody Can Be a Whale”. The apps they developed, especially Orca, used to be available only to whales and gave them a chance to earn more money. Kujira democratizes this process. Orca lets you bid on DeFi loan liquidations of collateral. With this bear market, of course, we’ve had a lot of liquidations. Kujira lets you use crypto-backed stablecoin USKs to bid at a discount for collateral. For now you can use Polkadot’s DOT or ATOM as collateral to mint USK and place your bid. According to the analyst, KUJI also has great tokenomics like Juno. Again, more than 75% of the total supply is in circulating supply.
Hidden gem KAVA is also on the altcoin list
Kava is down 90% from bull market highs. Still, the pace of development in Kava has not changed, according to the analyst. For example, they launched their EVM chain. Increased their liquidity at 3Pool on Curve. Apart from that, they developed a grant program. The core specs still look great for the Kava, and the only difference is the price, according to the analyst.
Expectations are high for Secret (SECRET)
All the ease of use of Cosmos, which focuses on privacy, is offered in Secret. All these centralized platform issues in the industry continue to remind us that privacy and personal surveillance are vital to the industry’s success. There have been some developments about Secret recently. cryptocoin.com As we reported, a bona fide hacker found a vulnerability in the privacy part of the network. No one lost money or anything in this exploit. Secret’s ecosystem is growing so much that they are holding their first Secret Summit online on December 15th. You can expect many news and new developments to come out of this summit.
Last crypto on the list: Axelar
Axelar refers to a cross-chain communication tool that mostly uses APIs. APIs are a great tool for quickly and inexpensively adding utilities to applications and protocols. Infrastructure tools like this are popular to facilitate access to more apps and more chains. More than 24 Blockchain and $1 billion transactions are part of Axelar’s ecosystem. Axelar has an active grant program that provides funding of up to $100,000. The current wrapped versions of USDC and USDT, axlUSDC and axlUSDT, are currently the most popular stablecoins in the Cosmos ecosystem.
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