Some altcoin projects, which recorded increases from 28% to 160% in January, attracted attention. Stating that these altcoins are among the predictions he made the previous month, crypto analyst Camille Lemmens shares his new choices.
First altcoin project Lossless (LSS)
Lossless is a project that can freeze fraudulent transactions. One of my favorite altcoin projects out there. They use a set of spoof ID parameters to verify it’s a scam. Once they confirm a scam, they can return the stolen funds. Lossless is currently live on six Blockchains, for example:
- Ethereum
- BSC Chain
- Phantom
- Harmony
- polygon
All a project has to do is add Lossless protection to its tokens. Currently, Lossless is protecting 30 tokens or altcoin projects. This equates to a value of $36.6 million.
Recently, Lossless added ‘wrapped tokens’. It’s part of their ‘Aegis’ feature. Aegis does threat monitoring and has smart contract defense capabilities. Now, with tokens, projects no longer need to rewrite their contracts. Wrapped tokens can add Lossless protection. This makes hiring new projects much easier. Here are some examples:
- It supports Aegis 5 Blockchain.
- They also offer Vault protection. This protects the wallets of the project owners.
- Lossless also offers a token mining. Now newly minted tokens are automatically added to Lossless protection.
- The Token Relaunch toolkit is another feature of Lossless. This allows existing projects to reboot tokens with added Lossless protection.
- Now Lossless can also be a payment option. Service providers just need to add this feature.
- How about a farm in Unicrypt? The team gives a great explanation on how to get involved.
- Another exciting new feature will be the addition of staking options for the LSS token.
So we see many exciting activities going on at Lossless. They have a growing ecosystem. There are also frequent updates and reviews on social media. Check out their Twitter accounts. All this activity has led to an 84.6% increase in the LSS token price over the past 30 days. Therefore, I added this token to keep an eye on it in February.
Second line project Alef Zero (AZERO)
Aleph Zero is a layer-1 Blockchain. It’s all about improving privacy. Keep an eye out for this as I expect Privacy Blockchain to hit the spotlight this year. Aleph Zero is one of my favorite and up-and-coming L1 projects.
Its biggest news is the arrival of smart contracts. This will allow other projects and dApps to be launched on Aleph Zero. For example:
- Azero Paladins: This is a revenue-sharing coin flip and lottery project. But that’s not all, there is also an NFT collection on the ArtZero market. They will also have their own AZP tokens. NFT holders will receive this token as an airdrop.
- ArtZero: This is an NFT launchpad and marketplace.
- They support InkWhale, a staking and yield farming project. Their token will be INW.
- Drkvr: A metaverse to build on Aleph Zero.
- AzeroPunks, an NFT collection, is coming soon.
And this is just the beginning. We will see many more dApps and projects joining the Aleph Zero platform. Aleph Zero is a Proof of Stake Blockchain. Staking rewards for authorizers and validators are around 12%. Current odds are almost 71%. They also added public validators to their mainnet. For example, ArtZero is also one of the Aleph Zero public validators. If you stake your AZERO with them, you will receive INW. There is also a partnership with Interlock. This will protect DeFi users.
The biggest news last week was that Aleph Zero won a money-chain slot on Polkadot. They will use this parachain slot as a bridging mechanism connecting both projects. They will bring privacy and infrastructure to the Polkadot ecosystem. So, this is big news for both projects. Despite all this news, it is not surprising that the Aleph Zero and Azero token are currently on a rally. Over the past 30 days, the token has increased by 39%.
Third altcoin project Seedify (SFUND)
Seedify is a launchpad and Blockchain game incubator. They are community driven and only support Blockchain game projects. They did this with the players in mind. Their token is SFUND. And like the other two tokens I’ve discussed, SFUND has rallied 28.1% in the last 30 days. Part of their rally is because they’re too busy doing what they do best. And that starts the NFTs. Most importantly, they will launch their first collection on February 13. This is Mounts. These are NFTs that you can use as carriers in Seedworld. That’s the name of their metaverse.
You can purchase these NFTs with the SNFTS token for 40,000 SNFTS per NFT. To clarify, the collection is 10,000 NFT. The team will burn all proceeds from this sale. In other words, this equates to 400 million SNFTS. Also on the launch pad are two IGOs coming. These are Initial Game Offerings. The next planned IGOs are:
- War Legends: This is a Tank based MOBA (multiplayer online battle arena).
- G4AL: (Games for a living): A platform for developers.
Favorite project Phantom (FTM)
Phantom is all about DeFi. The most exciting news cryptocoin.comAndre Cronje’s return to the ship, as you follow. He is currently in charge of technical development at Fantom. He invented Yearn Finance, among others. It saw an 11x increase in unique wallet addresses from the end of October 2022 to the end of January 2023. From 3.5 million to 40 million UWA. His unique style made an immediate impact in his return to DeFi and Phantom. This is one of his tweets. It’s about expectation management. So basically, there won’t be any announcements or clarifications. However, he will discuss progress.
They also launched an ‘Ecosystem Vault’. This adds up to 10% of all transaction fees paid to the network. You can receive a grant if you create a Phantom Management proposal. However, you will need a 55% approval and quorum rate. Phantom has also released version 2 of their fUSD stablecoin. This allows you to split the fees in FTM or fUSD. You can estimate future costs based on usage. This paves the way for more corporate products for users. There is no timeline for the release yet. However, FTM has increased its price. Now, in the last 30 days, FTM has increased by at least 160.3%.
The opinions and estimates in the article belong to the analyst and are not investment advice. We recommend that you do your own research before investing.
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