Last month, the Bitcoin and altcoin world saw significant gains thanks to increased institutional adoption and vibrant investor confidence. Bitcoin, on the other hand, led this trend. The next altcoin season is approaching. Fortunately, some altcoins are far from all-time highs and are trading in a suitable range. Hence, it presents an attractive opportunity for investors to buy and hold before the next bull run. Altcoinbuzz has revealed five cryptocurrencies it thinks you should consider. Here they are.
Altcoin MNW (Morpheus Network)
Morpheus Network is powered by its native token, altcoin MNW. Accordingly, it solves a real problem in the supply chain market. It currently offers one of the best technologies and methods to optimize the supply chain market. Hence, Morpheus use cases guarantee long-term value for the MNW token. This is a good reason to consider it.
Morpheus Network brings together experts in international trade, information security, blockchain and artificial intelligence. It aims to fill the gaps in the supply chain market as stated by the World Economic Forum. Morpheus also focuses sharply on helping businesses and government agencies eliminate inefficiencies and barriers so they can automate and optimize their supply chain operations. Thus, investing in altcoin MNW has the potential to be profitable in the long run, thanks to its fascinating and significant use case.
MNW token
The MNW token powers the entire Morpheus Network. It functions as a currency. It is used to process payments as well as redirect other areas needed to optimize trading. Let’s take a look at the current figures:
- Price: $1.18.
- Market Cap: $44,238,416.
- Circulating Supply: 37,520,088.
- Total Supply: 47,897,218.
- Maximum Supply: 47,897,218.
MNW has previously shown strong promise. Accordingly, the all-time high price of Morpheus was $5.46 at the peak of the previous bull run. On the other hand, we have a chance to see this altcoin increase in the next bull run.
AKT (Akash Network)
Akash is a decentralized cloud computing marketplace. It describes itself as “DeCloud for DeFi”. It also provides a solution for developers to build decentralized applications with cloud-based infrastructure that is more efficient, cheaper and flexible. Accordingly, Akash Network takes control from businesses. It mostly puts it in the hands of end users. It also benefits from a service model that is compatible with regular cloud service providers.
Akash Network was launched with the aim of providing a permissionless, sovereign and open world for cloud computing. Its purpose is to give developers more creative flexibility when developing their own products. Also, altcoin AKT is the native token of the Akash Network protocol. The token is used for governance and incentivizing participants. Now let’s look at the numbers:
- Price: $0.543980.
- Market Cap: $117,074,766.
- Circulating Supply: 215,369,523
- Total Supply: 215,368,094
- Maximum Supply: 388,539,008
The cloud computing market is highly competitive. However, people are starting to realize the significant advantages of a decentralized provider over centralized ones like Google Cloud, Amazon Web Services, and Microsoft Azure. This positions Akash for further adoption.
Altcoin LQTY (Liquity)
Decentralized lending and borrowing are two of the largest DeFI activities. However, volatility remains a major concern. This means that if the market crashes, the tokens could lose value while locked. This is what Altcoin Liquidity is trying to solve.
Liquidity operates a decentralized borrowing protocol built on the altcoin Ethereum. It uses LUSD, a stablecoin pegged to USD. As a result, Ethereum holders can access loans in the form of LUSD. In addition, redemption and lending fees are adjusted algorithmically.
Volatility is a big problem in DeFi. With Liquidty figuring this out, it could be a major player in the upcoming altcoin season. Besides solving volatility issues, Liquidity also has some features that make it attractive. These include:
- 0 interest rate
- Guarantee rate 110%
- unmanaged
The LQTY token is used to incentivize front-end developers and reward stabilizers. There is no minimum lock period for Altcoin LQTY. The network distributes rewards proportionally. Here are the numbers.
- Price: $1.07.
- Market Cap: $97,721,126.
- Circulation Source: 92,734.66
- Total Supply: 100,000,000
- Maximum Supply: 100,000,000
LQTY is 99% down from the all-time high of $146.94 recorded during the last bull run. It might also be the perfect time to buy this token. And judging by the previous performance, we may see an increase in the coming months.
RDNT (Radiant Protocol)
Radiant is a lending protocol at Arbitrum. It is currently number 3 on TVL after GMX and Uniswap. Altcoin Radiant, on the other hand, aims to be an omnichain money market where anyone can deposit any major asset on any main chain and borrow different major assets across chains.
Radiant allows you to borrow assets or provide liquidity on DAI, USDC, USDT, ETH and WBTC. In addition, each crypto has an interest rate attached to it. Also, altcoin Radiant has performed quite well in the last three months. Accordingly, we see it as one of our first jewels. Here are the numbers at the time of writing this article:
- Price: $0.287174
- Circulating Supply: 276,881,074.
- Total Supply: 1,000,000,000.
- Maximum Supply: 1,000,000,000.
- Market Cap: $79,131,372.
Experts believe that holding altcoins with real-world use cases is one of the best strategies to adopt. In addition, Radiant reveals an impressive solution. That also makes it a good buy.
Altcoin MAV (Maveric Protocol)
Maverick Protocol is a DeFi infrastructure provider. On the other hand, Maverick aims to increase industry efficiency supported by AMM. Accordingly, altcoin MAV helps DeFi users put their money where they can do the best business. Interestingly, on the other hand, Maveric has an impressive portfolio of supporters and partners such as:
- Pantera Capital,
- Coinbase Ventures,
- Binance Labs,
- Circle Ventures,
- Gemini.
Altcoin Maverick has good design and uses. Therefore, we believe there is great potential for MAV token holdings. Let’s also take a look at the numbers:
- Price: $0.357930
- Market Cap: $89,487,066.
- Circulating Supply: 250,000,000
- Total Supply: 2,000,000,000
- Maximum Supply: 2,000,000,000
cryptocoin.com When we look at it as a whole, these five altcoins have great potential. However, a lot will depend on how teams respond to the changing regulatory environment and how they maintain or improve their standards.
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