We are at the beginning of a bull market. These are exciting times in crypto. Bitcoin price is in the discovery zone. For the first time, it broke its ATH before the halving. This will happen in about a month. Thanks to spot ETFs, Bitcoin achieved this price increase. According to crypto expert Camille Lemmens from the Altcoinbuzz team, now is the right time to look at some altcoin projects that are still undervalued. The expert shares 4 altcoins that he says have potential.
First ranked altcoin: ChainGPT (CGPT)
We are in the AI narrative with ChainGPT and it is the first of today’s altcoins. This is one of the biggest narratives to watch during this bull run. One thing I have loved from the very beginning is their partnership with Lossless. This is another project we like. That aside, ChainGPT has quite a few notable features. Some are free, some are Premium products. But there is more. For example, staking, a fast market, and a DAO. So, your ChainGPT is almost like the AI Jack of all transactions.
CPGT token has also been doing well lately. Its current price is $0.3909. CGPT’s market capitalization is $166 million. 423.6 million tokens are currently in circulation. Total supply is 998.4 million tokens. It has increased by 61.6% in the last 30 days. It also seems like it hasn’t reached its full potential yet.
In second place is DeepFakeAI (FAKEAI)
It’s like I’m opening a can of worms with DeepFakeAI. Yes, it can be fun. However, deepfakes are also controversial. They can lead to misinformation and manipulation. So use them carefully and cautiously. Having said that, let’s take a closer look at this project. You can create deepfakes using Telegram bots and web applications. There are three easy steps to follow to get started:
- Sign up.
- Purchase the correct number of minutes to create your deepfake.
- Start creating your videos.
You can always add more minutes to complete your deepfake video. Currently, the platform offers a list of more than 40 characters as templates. Just to name a few. Artificial intelligence is a big narrative for this bull run and likely beyond. Now, let’s take a closer look at the FAKEAI token. The current FAKEAI price is $0.01888. Its market cap is $18.2 million, so it’s still low. There are 958.8 million tokens in circulation. Another 42 million tokens have already been burned. Note that there is a 4% tax on buying and selling tokens. However, the altcoin price has increased by a staggering 9700% in the last 30 days.
The jewel in third place is Astroport (ASTRO)
Astroport takes us into the DeFi world of altcoin projects. Part of the Cosmos ecosystem and IBC. It was released on the Terra network, currently Terra Classic (ASTROC). However, it is now also available on the new Terra V2 Blockchain.
A DEX that uses AMMs or liquidity pools. So, yes, there is a subtle difference between the two. Astroport offers three different types of liquidity pools. Astroport provides an exchange, repositories, a bridge, and governance. The bridge operates within IBC from four networks. These are Injective, Neutron, Sei and Terra. However, the bridge connects all IBCs.
The current ASTRO price is $0.1784. Its market value is $75.58 million. Maximum supply is 1.1 billion tokens. About 40% are currently in circulation, or 423.6 million. Over the past year, the altcoin price has increased by 127.4%.
Last ranked altcoin: Nuco Cloud (NCDT)
Nuco Cloud is part of the DePIN narrative and the last of the gem altcoins. This is another vertical to keep a close eye on in 2024 and beyond. DePIN stands for Decentralized Physical Infrastructure Network. A combination of IoT (Internet of Things) and physical infrastructure. However, it’s all on a Blockchain. Hence, Nuco Cloud falls into the category of GPU cloud providers. It’s all about computing power. Players need it, but most importantly, the AI needs it. In other words, demand will likely only increase.
The altcoin project distinguishes itself in several ways. For example, EU GDPR compliant. One of the few protocols in this industry. It also has a cheap and decentralized hyperscaler. This means that as more demand is added, you can scale accordingly. The current market cap for DePIN is currently around $2.2 trillion. However, it is expected to increase to $3.5 trillion by 2027. Knowing this, let’s take a closer look at the NCDT token. Its current price is $1.02. Market value is $34.1 million. There is a maximum and total supply of 50 million tokens. 33.5 million of these are in circulation.
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 quite risky and volatile.
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