The bull run is about to begin in earnest. Today we saw BTC reach $69 thousand. Bitcoin spot ETFs are done. Only 60 days left until Bitcoin halving. These are all bullish indicators. A Bitcoin supply shock is occurring. This is the right time to position yourself. As you know, when Bitcoin makes a move, the rest tends to follow. Crypto expert Camille Lemmens from the Altcoinbuzz team shows off three altcoin gems that are still cheap.
First ranked altcoin: Akash Network(AKT)
I love Cosmos Hub and its ecosystem. Especially airdrops. As a result, when most people talk about Cosmos, they are talking about Celestia or Injective. Recently you can also add Dymension. However, there are some lesser known gems out there too. For example, Akash and AKT token are one of them.
You can buy or sell cloud computing resources with Akash. In other words, we are talking about GPU here. Now, GPUs are graphics processing units. Or the memory in your graphics cards. Akash also features under DePIN, which is one of the hottest narratives right now. This GPU has video random access memory or VRAM. Both groups will need this very much. Players and artificial intelligence. You can also add crypto miners to keep it close to home.
The founders are active and the token has room to grow!
So this suggests there will be a steady, or better yet, growing demand for GPUs. Buying a GPU can easily set you back $1.5k to $2k. Therefore, renting is a good alternative. That’s exactly what Akash offers. The altcoin project has already existed since 2018. Co-founder Greg Osuri is very active in X. You can check out one of his latest posts here. He explains how busy Akash is.
Akash offers a marketplace. Here you can offer or access redundant cloud computing resources. You pay with AKT when purchasing and receive AKT for selling your GPU. It uses a decentralized computer network for this. The current AKT price is $4.27. Market capitalization is $1 billion. Of the 388.5 million tokens, 229 million are currently in circulation. The token price increased by 855% in one year. However, here’s a kick. Additionally, Coinbase added Akash to its roadmap. Akash is around 80% cheaper compared to cloud giants. This project still has plenty of room to grow.
In second place is COTI Network (COTI)
COTI Network is all about privacy. An L2 built on Ethereum. This means that Ethereum will benefit from the upcoming Dencun update. Transactions on L2s will become very cheap. Moreover, COTI has been on fire lately. COTI token has increased by 141% in the last 7 days. Make that 184% in 14 days and 324% in 30 days. This makes it one of the best performing tokens right now.
COTI’s market capitalization is $366 million. Currently, 1.5 billion of the 2 billion COTI are in circulation. So, what caused this stellar price increase? Upgraded to COTI Network V2. One of its new features was revealed just a few days ago. These are ‘Garbed Circuits’. COTI sees these as a breakthrough for Blockchain encryption. COTI sees privacy as the new frontier for L2s.
Garbled Circuits require up to 250 times lighter compute and storage. As a result, it can run on any device. No other privacy solution other than COTI can offer this. It also offers a calculation speed 1000 times faster than traditional systems. COTI uses a Layer 1 Blockchain and a DAG or Directed Acyclic Graph architecture. However, it also works closely with Cardano. For example, it operates the DJED stablecoin and also offers a payment service on Cardano, ADA Pay. All this seems to be just the beginning of COTI V2. There are many new areas of use. It shows there’s still plenty of room for growth here.
The last ranked altcoin jewel: Sui Network (SUI)
Sui may not be on everyone’s radar right now. But let me explain why I chose Sui. Sui focuses on Blockchain games. This is already a 262 billion dollar industry. We can expect another 50 billion dollars of growth in the next 4 years. So it should be 312 billion dollars in 2027. Now, even if Blockchain games take a small slice of this, it will be a large amount. In other words, there’s a lot of growth potential in this vertical.
But there’s another vertical where Sui does well. This is DeFi. They are currently ranked 11th among all Blockchains on TVL on DeFiLlama. Almost secretly, without making a big fuss. This means it outperforms Blockchains like Cardano, Aptos or Near. Another important achievement is that Sui uses the Wormhole bridge a lot. It ranks second in transfers of funds to Ethereum in the last 30 days. Sui built a bridge worth 250 million dollars. Thus, Solana left BSC, Arbitrum, Optimism, Polygon and similar Blockchains behind.
There’s more to Sui!
Moreover, Sui is interested in ZK technology. For example, they introduced zkLogin. This is an easy way to get users involved. Sui also bridges the gap between Web2 and Web3. Here’s another reminder, Sui’s TPS (transactions per second) is 297,000 TPS. Blockchain has never needed this yet. But recently it hit a peak of 6,000 TPS.
All this went unnoticed on the SUI token price. Currently the altcoin price is $1.54. In October, the price was still at $0.38. Its market capitalization is approaching $2 billion. However, Sui has only unlocked 12% of its tokens to date. This is something to consider.
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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