If everything looks better in a bull market, how do you know which projects to choose that will outperform the market? According to crypto expert Stu L from the Altcoinbuzz team, all major market benchmarks are on the rise. Although there was a pullback today, the weekly charts are mostly bullish. In new bull markets, new leaders emerge in different sectors. The expert considers 3 big narratives in the crypto world and selects 1 altcoin each that he thinks will be the leader.
Akash Network (AKT) is at the top of the list.
Crypto and AI are made for each other. AI allows machines to do the work, especially in repetitive tasks. Then crypto, the money of the internet, will be the way people can pay for AI applications. Or better yet, one app pays another without even needing a person. Whether it’s a chatbot or an image generator, if there’s one thing all AI applications need, it’s computing power.
And too much. In particular, GPUs, which are mostly used for gaming, are the processor of choice for most AI applications. Especially for those that process images like Midjourney or Stable Diffusion. And both crypto and AI will grow and become more important in this next bull run. That’s why our pick for crypto AI is Akash. Akash has a marketplace where you can buy, sell or rent GPU processing power. Thus, AI applications get the processing power they need to run their applications.
Akash is consistently reaching new ATHs in GPU processing power and capacity in Q4 2023. This means that with Akash, more GPU power is coming online and more people are using the available GPU power. You can even distribute Stable Video Diffusion using Akash. The potential here is huge. Akash’s token (AKT) is crushing. It did 500% in the last 12 months. Additionally, the altcoin price has increased by 59% in the last 30 days. But we only see more growth ahead of the project. NVIDIA has and will continue to be crushed in the market due to high demand for GPU chips. And we see that Akash is the crypto version of buying this demand.
Second ranked altcoin: Arweave (AR)
Like Akash, Arweave is in the DePIN sector of the market. Decentralized Physical Infrastructure Networks and Web3 infrastructure are some of our favorite crypto sectors in general. We see this as a much lower risk than other industries as they provide the tools that all projects need.
Arweave is decentralized storage. They offer permanent, immutable online storage through ArDrive. cryptokoin.comAs you follow from , the altcoin project is working to become the Web3 home for several areas where we use Web2 legacy technology, such as Google, Amazon, and Microsoft. People are buying. Here you can see the exponential growth at all-time highs for transactions on the network this month. It is possible for content creators to license their assets on Arweave. This is a versatile platform.
And you haven’t missed the boat on this one. Even though the altcoin is up 48% in the last 30 days. Arweave is still down 14% in the last 12 months. So it’s still a good buying opportunity for a major growth opportunity coming soon.
Last ranked altcoin: Kujira (KUJI)
Finally, we have one of our 50x Core Portfolio holdings for today: Kujira. The altcoin project is a Tier-1 on Cosmos. This is a “real return” platform. So it and all its applications:
- Orca to offer collateral at a discount from loan liquidations.
- The first order book DEX on Cosmos is FIN.
- Ghost for lending and borrowing.
All prices and rates are based on actual yield. In other words, you earn as a percentage of platform fees. There are no outrageous returns as a scam or marketing gimmick like we saw with Anchor and LUNA. Real return is a popular narrative for projects to be able to sustain themselves and grow in both bull and bear markets. This altcoin project also achieved this. Kujira’s token (KUJI) will soon enter the top 100 projects. Currently ranked 138th. Its 1-year return is an incredible 450%.
And in the last 30 days, KUJI is up 127%. But don’t let this discourage you. Wins like these are just the beginning. KUJI also has great tokenomics. And with its current market cap of $425 million, we see no reason why this won’t be a multi-billion dollar project in the next bull run.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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Expert Opinion: These 3 Altcoins Will Be the Leaders of the Race in Their Fields!