At Cosmos, interoperability is the name of the game. Because you have the opportunity to easily move cross-chain to get what you want. But these Blockchains have to have something you want, right? Otherwise, the message of moving cross-chain quickly and easily has no value. But there are some altcoin projects in Cosmos. Altcoinbuzz’s crypto expert Stu L shares 3 of them, which he calls ‘great’.
First ranked altcoin: Akash Network (AKT)
The intersection of crypto and AI is a big topic for us. We see both as major megatrends that will only grow from here. Both separately and together. The one thing even non-tech-savvy people understand about AI is that you need a lot of computing power to use it. Especially for processing images. One of the largest sources of processing power is GPU chips. This is why NVIDIA is a high-flying stock right now. In the crypto world, the best project to buy, sell or rent GPU chips for AI rendering is Akash.
You’re probably surprised by Akash’s high rise last year. Because the altcoin price increased by 250%. But you haven’t missed the boat on this one. In fact, the AKT token’s all-time high is $8.07. At its current price of $1, the all-time high is 9 times higher than here. With 220 million supply in circulation and a total supply of 388 million, there is no artificial oversupply here. But there is the possibility of further growth. When AI grows, Akash will also grow.
Kujira (KUJI) comes in second place
Our next Cosmos project is Kujira. Kujira is a DeFi ecosystem based on real yield. This means they only pay returns based on the platform fees they earn. No unrealistic and crazy returns. One of the reasons we love Kujira has to do with problematic platforming Terra Luna. Kujira started as part of the Luna ecosystem. He was doing his job and was fine. This is how it first came on our radar.
Later cryptokoin.comThere was an explosion of UST depeg and Anchor, which you follow from . So what did Kujira do? They made one of the fastest pivots ever by a crypto project. So, they went from an application in an untrusted ecosystem to launching their own Layer 1 on Cosmos. And it only took them 6 months to do it. This is pretty fast. But it’s more than just fast. This is a sign of good decisions, good governance and the flexibility of the development team.
They could see what the playground was back then. Something they don’t have to be a part of or associated with. And they worked quickly and well to change that. They understand the market very well and where they fit into it. And despite the price of their native token rising to $1.44 recently, it’s still a screaming bargain at these levels. In how many altcoin projects other than Bitcoin can you honestly say you’ve seen how well the dev team reacts to terrible news and actions that have nothing to do with them? We saw it with Kujira. And their reaction inspires confidence. It’s that simple.
Last secret altcoin: Injective (INJ)
There’s a lot of Layer-1 out there. What’s unique? What’s different? Why should we use your Blockchain instead of many other Layer 1 on the market? Injective has an answer to this. As a financial application Blockchain, Injective works by paying utmost attention to the needs of financial companies. All technology choices are based on what financial firms need most. What they need is fast transactions and high-level security.
Besides this, application Blockchains are also something different. There are several financial applications blockchain out there. However, Injective is the best. And it is very different from general purpose blockchains like Ethereum or Solana. And it doesn’t matter if it’s Uniswap or OpenSea or a game. It benefits from all three. This is not the case with Injective. While finance and traders want one thing, real world asset platforms will want something else. Financialization of assets common points. And that’s exactly what Injective is optimized for.
Injective is up 37% in the last 30 days to $9.80. And you may think you’ve missed the boat on this one. But you didn’t miss it. The native Cosmos token is still down 60% from its all-time high and is worth around 2.5x to reach that level at $24.89. And when a new bull market occurs, we expect it to exceed this level.
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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