Market conditions are a bit challenging right now. Bitcoin is on a downward trajectory. Most alternatives are in decline. Some have fallen very, very low. In this environment, crypto expert Stu L. from the AltcoinBuzz team highlights some altcoin gems that could offset some of the losses.
First ranked altcoin: ChainGPT (CGPT)
You can see that ChainGPT offers a lot of help. They also have an easy-to-use SDK and API access. This makes access easy and seamless for developer teams. Then one of its best but most underrated features is ChainGPT Launchpad. However, you can crowdfund not only AI but also DePIN, Decentralized Social or other Web3 projects.
The market cap is lower than you would expect for all the great tools the platform offers. Its current market cap is $80.2 million, below $0.20. There’s a lot of room to work on this. About half of the total supply, 489 million of 998 million, is in circulation. Omnia Protocol, which we recently covered, is among the IDO and incubation projects owned by ChainGPT. ChainGPT’s CGPT token is up 65% in the last 12 months. Despite this, the altcoin has experienced a 23% decline in the past month. This is much better than most altcoin projects have endured so far, especially in 2024.
In second place is Hivemapper (HONEY)
The second of these altcoin gems is Hivemapper. Web3’s Google Maps. Until now. Hivemapper is on Solana and they have a huge advantage over anyone else looking to compete for location. With or without DePIN. They have mapped 19% of all roads in the world. Many people consider Solana strictly a shitcoin or memecoin network. Even as a VC network. But for a project like Hivemapper, the perceived lack of decentralization due to Solana’s VC influence is an advantage. The protocol itself is decentralized with more than 143,000 participants.
Hivemapper’s native HONEY token is changing hands at $0.08. The altcoin has a market cap of $133 million. This may be at the upper end of the low values. However, we still love it. HONEY has lost 60% of its value in the last 3 months and 18% in the last 30 days. Still, even with this selling move, HONEY was still up 378% last year. This made it one of the best non-meme coin performers of the year. We think Hivemapper can recapture its recent high of 20 cents and generate 2.5x returns for holders.
Last ranked altcoin: ClearPool (CPOOL)
And in the RWA sector, we have Clearpool, the last of these altcoin gems. It says what he does on the front of his website. A decentralized credit market. Prime network is for enterprises. Along with KYC and AML checks and other things organizations need for regulatory compliance. Permissionless lending is a pool of liquidity that matches only one corporate borrower. Borrowers here include fiat on-ramp Banxa, which borrows USDC through Avalanche at 21% APR payable every 7 days. So they use Clearpool as a line of credit to fund their customers’ crypto card purchases made via debit card or Google Pay. Pretty cool. Some of these pools, including the Banxa pool, require KYC while others do not.
The market cap of the 17-cent CPOOL token is $103 million. It’s on a big upswing that we expect to continue. CPOOL increased by 44% in the last 30 days, 100% in the last 3 months, and 692% in the last 12 months. They just crush it and many people are starting to notice it.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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Read more Expert Opinion: Top 3 Altcoins to Buy and HODL!