As the cryptocurrency market is locked in macroeconomic developments, analysts continue to share new predictions about crypto projects. Finally, analysts identified 5 altcoins built on XDC and 3 serving as DEX. According to them, these low market cap altcoins will become big projects in the future. Here are the details…
“These 8 altcoins will make big gains in the future”
XSwap Protocol (XSP)
XSwap Protocol is a market maker for XRC-20 tokens developed on the XDC Network (XDC). The purpose of XSWAP is to create a competitor for BSC-based PancakeSwap (CAKE) and Ethereum-based Uniswap (UNI). One of its goals is to provide crypto enthusiasts with secure, fast and resource-efficient tools for the peer-to-peer exchange of digital assets.
XDC Network (XDC)
XDC Network is an EVM-compliant Blockchain with interoperability-focused smart contracts. Blockchain offers two-second transaction delay and near-zero gas fees. It also works with a dPoS mechanism that provides over 2,000 transactions per second (TPS). It is basically a highly optimized, custom Ethereum fork. In addition, this altcoin works extremely energy efficient like Ethereum.
StorX Network (SRX)
StorX is an open source, secure and decentralized cloud storage network. The platform allows customers to securely store their data in a decentralized cloud. Accordingly, every file sent to StorX is encrypted with the user’s unique password. Then it is divided into parts and distributed to many nodes. In addition to protecting data from hacking, this unique design also protects against ransomware attacks.
Plugin (PLI)
Plugin is a decentralized oracle platform that provides low-cost solutions to any smart contract running on the XDC network. Actually, the Plugin is a fork of Chainlink, developed jointly by the developer and researchers. This altcoin fork is separated from Chainlink to support smart contracts within the XDC Network.
Datachain Foundation (DC)
DC stands for Decentralized Control. Launched in September 2017, The Datachain Foundation enables developers to create AI-powered objects. In addition, the altcoin project makes it possible to create decentralized networks of infrastructures such as streetlights. For this, it works as a distributed data management platform. Meanwhile, the main component of the platform is Datawallet. This is a Blockchain-based digital vault that facilitates the exchange, monitoring and management of preconfigured critical data.
Anyswap (ANY)
As Cryptokoin.com reports, Anyswap is a completely decentralized system that allows trading of tokens from various platforms. Accordingly, it is among the few networks joining the DeFi industry to enable cross-token exchange and trading. The network’s smart contracts are built with open source code, which improves security through individual audits. However, the most important aspect of the altcoin project is that the token allows users to exchange cryptocurrencies on the fly.
Uniswap (UNI)
Launched in November 2018, Uniswap facilitates automated trading of decentralized finance (DeFi) tokens. It is a well-known decentralized trading system among altcoin projects that do this. Uniswap is an example of Automated market makers (AMM). It has grown in popularity this year due to the DeFi craze and the accompanying surge in token trading. The project improves trading efficiency compared to traditional exchanges while making token trading available to everyone.
Balancer (BAL)
Launched in March 2020, Balancer is an automated market maker (AMM) introduced on the Ethereum network. The protocol works as a self-balancing weighted portfolio, a price sensor, and a source of liquidity. Users can contribute to private liquidity pools using the recently released BAL token. Meanwhile, the distinguishing feature of the protocol is that liquidity providers can hold up to eight assets per market.
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