Top 3 Altcoins That Shouldn’t Be Missed!

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All eyes seem to be fixed on Bitcoin and Ethereum. But there are other altcoin projects that are good for your crypto portfolio. crypto expert Lawrence Mike Woriji gHe talks about 3 altcoins that escape the essences and have strong fundamentals. The expert says that these projects are currently undervalued and offer opportunities.

The first altcoin on your list: Chainlink (LINK)

Chainlink ranks first on the list of undervalued and overlooked projects. The project is one of the oldest Blockchain oracles connecting the crypto market to the outside world. In other words, Chainlink allows Blockchain applications to access data outside their own networks. And the need for such solutions, which is promising for LINK, is growing. Chainlink launched the Cross-Chain Interoperability Protocol (CCIP) on maim-net in July. This took the project to another level.

CCIP creates a standard communication system between different Blockchains. We can say that it connects different DeFi platforms to different Blockchains. CCIP currently supports Avalanche, Ethereum, Optimism and Polygon. That’s not all. Top DeFi lending protocols Aave and Synthetix have also adopted CCIP. Chainlink’s CCIP also has an application for traditional financial platforms. Altcoin said CCIP will create a private-public dynamic that will give traditional finance access to digital assets. Chainlink already has partners in traditional finance. So why wasn’t all this reflected in the price? Because people like you and me tend to ignore it.

Every coin in the top 20 assets except LINK had negative returns last week. LINK had one of the best performances in the industry. But that doesn’t mean much except that people pay more attention to it because it’s jewelry. Additionally, wallet activities of the altcoin project also increased. Data from Santiment showed that there are over 3.99 thousand unique active LINK wallets. This is the highest wallet activity recorded since July.

In second place is Illuvium (ILV)

Illuvium was one of the most anticipated Blockchain games. However, the price of the game’s token has dropped significantly over the years. Still, the altcoin project has great fundamentals that should be our focus. Illuvium is a decentralized studio building the first interoperable Blockchain game (IBG) universe on the Ethereum Blockchain.

Illuvium has games with the best graphics and science fiction adventures. The altcoin team focuses a lot on ownership for players. Therefore, it leverages Blockchain technology to give players full ownership over their in-game assets. This game has several features that help it stand out.

Illuvium also has a built-in decentralized exchange (DEX) platform. Users can use this exchange to safely trade Illuvium assets, including Illuvial NFTs. Additionally, approximately 3 million ILV, equivalent to 30% of the maximum supply, has been allocated to the Illuvium yield farming program. Illuvium goes head to head with other games like Axie Infinity. Most people prefer Illuvium because of its easy nature. The number of unique active wallets in the altcoin project increased by 20.28%. Transactions also increased by 26.53%. Illuvium has serious potential among Blockchain games. However, we haven’t seen the best of it, probably because it was overlooked.

Last ranked altcoin: Goldfinch (GFI)

And finally today we have Goldfinch. Goldfinch is a leader in the RWA narrative. That is, real world entities. Many people believe that tokenizing real-world assets is a major use case for Blockchain. If you are a believer, this altcoin should be on your radar. Goldfinch currently has $100 million in active loans in the market. They also pay investors like you and me 7.8% of the USDC they deposit into their pool. They earned $100,000 in wages last month. They’re also on track to earn over $1 million in fees next year.

Remember, wages and incomes are currently in decline across the industry. There is almost no new liquidity coming into the market. Still, Goldfinch has the 4th fastest growing TVL in crypto last week. It increased by $11 or $1.4 million. Investors are finding Goldfinch. That’s why we shouldn’t ignore it. Maturities in loan programs vary between 24-37 months, while 7.8% are variable. Additionally, there is the possibility of earlier access if necessary. It’s possible to use your USDC to lend money to real businesses around the world.

And Goldfinch is definitely in the overlooked category when you look at its value. Its TVL, including loans, is just over $100 million. Its market value is only 25 million dollars. Meanwhile, Goldfinch has $11 million in his treasury. This means the loan business is worth only $14 million. Uniswap is trading with a market cap of 1.01 based on TVL. GFI, Goldfinch’s native token, is traded at 0.42. Part of it. According to DeFillama, reaching the same market cap as Uniswap means 4x for Goldfinch holders. This is definitely an overlooked altcoin project.

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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