The Cosmos ecosystem is on fire right now. Almost all Cosmos projects have already seen good upward price movements. Moreover, there were some great airdrops as well. For example, Celestia started at $2 and now sits at $15.6. DYM and SAGA will airdrop soon. Black Panther’s BLACK token is coming and so on. But another great way to do well is with low-capitalization altcoin projects. So, crypto expert Camille Lemmens shares 3 altcoins from the Cosmos ecosystem with 50X potential.
First on the list is Quasar Finans (QSR)
The Cosmos ecosystem or IBC has several undiscovered altcoin gems. Quasar Finance is one of them. A decentralized asset management or DAM platform. It has a few features for this. For example, secure, permissionless, composable and diversified.
IBC or Inter-Blockchain Communication Protocol enables cross-chaining. Quasar offers safes and house strategies. Cosmos’ leading yield platform. Additionally, he calls Osmosis home. According to DeFiLlama, there is currently around $7 million in TVL. Recently, MilkyWay platform offered liquid staking of TIA on its platform. This is another protocol in Osmosis.
Returns on Cosmos platforms may outperform Ethereum returns at times. Cosmos users love to get involved with their platform and stake their assets. It’s a win-win situation for both users and platforms. The current QSR price is $0.165. This also surrounds its new ATH for the altcoin. Its market value is $97 million. The maximum token supply is 1 billion and the total token supply is 614 million. Circulating supply is 556 million QSR tokens.
Second ranked altcoin: Comdex (CMDX)
Comdex is an infrastructure layer for DeFi on Cosmos. In other words, it offers a variety of interoperable plug-and-play modules for projects. This allows them to build DeFi platforms. Comdex wants to democratize finance. And of course, creating revolution. Developers’ job is very easy because Comdex automates everything. The platform also already has a small but robust ecosystem. It consists of wallets, Dapps, bridges, stablecoins and explorers. For example, cSwap, ShipFi, Leap Wallet, Axelar or Mintscan.
Additionally, the platform has strong supporters. The altcoin project entered the market in January 2022. The CMDX token immediately reached an early ATH of $6.02. This is 98.6% away from its current price. The current CMDX price is $0.0832. However, over the last 30 days CMDX has seen a 214% price increase. Market value is $12.6 million. Maximum supply is 200 million tokens. The total supply is 180.5 million tokens. Circulating supply is 151.9 million CMDX tokens.
Most crypto assets are isolated. However, in IBC it’s a different ball game. IBC interoperability is what Comdex needs and wants. It enables the platform to offer financial options. Additionally, IBC enables Comdex to offer secure, liquid and cross-chain features. Not to mention staking and governance, which is something Cosmos knows well.
Sommelier Finance (SOMM) comes in last place
Sommelier Finance offers returns on its cash registers. The altcoin project was built with the Cosmos SDK, but bridges to Ethereum. This provides access to EVM DeFi protocols. It uses rebalancing strategies for yield-earning options. Sommelier also uses smart safes. These can predict, react and optimize market conditions.
Rebalancing occurs off-chain by Cosmos validators. Validators receive messages from strategists. Once they reach a consensus, they transmit the result over the bridge to EVM Chains. Therefore, validators only transmit messages over the bridge, not entities. You deposit real assets into EVM Chains, they are not bridged. Sommelier uses two bridges: its own bridge to Ethereum and Axelar to sub-EVMs. This gives Sommelier a unique architecture.
The current altcoin price is $0.2503. Market value is $62.5 million. The maximum and total supply is 500 million tokens. The circulating supply of SOMM tokens is 249 million. Like almost all other Cosmos tokens, SOMM has been pumped over the past year. It increased by 249.1% compared to a year ago.
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. We also remind you that the crypto market is highly volatile and risky.
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