Analysts of the popular crypto analysis channel Altcoin Buzz share with their subscribers 5 altcoin projects that laid strong foundations for the rally after Bitcoin. In the list, you can find brief features of the projects, their recent partnerships and event calendars…
IoTeX (IOTX) and Amasa partnership
IoTeX (IOTX) is a decentralized platform for machines that aims to empower the open economy, an open ecosystem where humans and machines can interact under guaranteed trust, free will, and appropriately designed economic incentives. Analysts emphasize that the popular Defi platform Amasa has recently announced a partnership with IOTEX. The following was stated for cooperation:
This is an important support for Amasa to use the internet of things to reward network participants. Users can now create data streams. This is possible by using Iotex and monetizing video content with Amasa’s help.
An altcoin project for trading efficiency OpenOcean (OOE)
Next on the list is OpenOcean (OOE), the first crypto multi-chain CeFi and DeFi aggregator. The network implements a deeply optimized intelligent routing algorithm, helping users find the best price, no additional fees, and lowest slippage for traders in bulk DeFi and CeFi. According to analysts, after Ethereum, Binance Smart Chain, Tron, Solana, Polygon, OpenOcean recently made another integration with Fantom (FTM).
Despite going live last year, OpenOcean recorded significant growth over several quarters, particularly in the number of active addresses, transaction volume processed, and number of supported networks and exchanges. In addition, OpenOcean recently announced a cutting-edge algorithm to maximize rewards for its participants.
Play-to-win gaming platform: Dream Quest (DREAMS)
Dream Quest (DREAMS) is a decentralized Play-Win fantasy RPG and fast-paced strategy card game using dynamic NFTs on Polygon. Tokens and game design allow players to win from missions, events, tournaments and battles. Players participate in a series of missions designed to test their skills and ultimately find more loot and win more out of the game. As analysts noted, the project has announced its third IGO on GameFi, which will be held on October 15.
NFT-based altcoin project Enjinstarter (EJS)
EnjinStarter is a launchpad focused on Blockchain games, NFTs and Metaverses. Building on Enjin’s Jumpnet, these companies focus on building an ecosystem for Enjin and Efinity, bringing together a community of innovative developers and content creators to develop strategies to leverage cryptocurrencies in their games and projects. More importantly, the project is partnering with a Singapore-listed developer, Hatten Land, to build a digital twin city of Melaka. Analysts:
This would be a real-world metaverse, a digital replica of the current city.
In last place is Jet Protocol (JET)
Jet Protocol is a decentralized and permissionless borrowing and lending protocol built on Solana Blockchain. According to analysts, the fact that Jet Protocol is building its own borrowing and lending platform on Solana’s mainet offers some pretty cool advantages.
Especially important is that the Solana network can facilitate up to 50,000 transactions per second with a very cheap gas fee. Analysts also point out that Jet Protocol made a very smart move to build Solana, as Solana’s ecosystem is on a meteoric rise as its tokens have nearly tripled in the last 50 days.
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