With the resurgence of the crypto market, investors are again looking for opportunities to capitalize on the next bull run. However, given the wide range of digital assets available, identifying hidden gems with explosive growth potential can be daunting. However, crypto expert Abhay H. shares 3 small-volume altcoins that promise a significant breakout.
Top-ranked altcoin: Clearpool (CPOOL)
- Price: $0.0228
- Market Cap: $9,200,045
- Circulating Supply: 403,976,337
- Total Supply: 1,000,000,000
Clearpool is a new decentralized capital market that helps institutional borrowers access unsecured DeFi loans. The developers built the project on top of Ethereum and Polygon Blockchains. Clearpool offers a dynamic loan market for access to unsecured liquidity.
https://twitter.com/ClearpoolFin/status/1642848404827979778
Its native token, CPOOL, serves as the utility and management token for the Clearpool protocol. It is possible for token holders to actively interact with the ecosystem by staking them. Borrower and community can participate in staking and earn rewards in return. In addition, CPOOL holders have the power to vote on key protocol decisions, including whitelisting borrowers eligible for CPOOL awards. Additionally, CPOOL tokens are issued as LP tokens while providing liquidity to a pool of borrowers.
Clearpool has managed to attract leading borrowers, including notable institutions such as FBG Capital, Amber, Jane Street, Auros, Wintermute and Folkvang. According to Clearpool’s credit dashboard data, approximately $408 million in stablecoin loans on Ethereum and Polygon Blockchains have been created through the platform.
https://twitter.com/ClearpoolFin/status/1684480834915409921
Clearpool’s innovative Blockchain application has the potential to greatly improve the existing financial ecosystem. It’s also possible that it could accelerate towards decentralization, even in an industry that has traditionally resisted it.
In second place is Oraichain (ORAI)
- Price: $2.14
- Market Cap: $12,039,051
- Circulating Supply: 5,615,988
- Total Supply: 19,779,269
Oraichain is a groundbreaking data oracle platform. The Altcoin project assembles and interconnects smart contracts with AI APIs. Meanwhile, it has the title of being the world’s first AI-powered data oracle. The platform offers six key areas and features. These are: AI Oracle, AI Marketplace, AI Ecosystem, Staking & Earning, Test Cases and Orai DAO.
https://twitter.com/oraichain/status/1603339773900296192
Oraichain’s native token is ORAI. The token is an ERC20 token on Ethereum and a BEP-20 token on BSC. ORAI feeds the decentralized oracle network where validators share tokens to participate in block generation and respond to data requests. Moreover, it is possible for token holders to actively participate in platform governance through voting. When using the Oraichain network, ORAI is a transaction fee for AI requests paid by validators, test case providers, claim executors, and AI-API providers.
In December 2020, the team changed tokenomics, burning 73% of the total ORAI token supply. This strategic move flattened the emissions program into 2027. Thus, it protected against sudden supply shocks and reduced inflation in the early stages of the project.
https://twitter.com/nodes_smart/status/1683919043223248906
As the DeFi economy grows, demand for Oraichain will likely increase, especially in a niche that has not been addressed by crowdsourced projects like yEarn Finance. The platform’s unique approach sets it apart from industry leader Chainlink. Thus, it provides Oraichain with a position as a valuable player in the data oracle industry.
Last ranked altcoin Polkadex (PDEX)
- Price: $0.9566
- Market Cap: $7,209,712
- Circulating Supply: 7,460,000
- Total Supply: 7,460,000
Polkadex Orderbook is an outstanding peer-to-peer trading platform that seamlessly combines the advantages of both centralized and decentralized exchanges. In doing so, it addresses issues commonly associated with traditional DEXs such as front-running, arbitrage, price drift, and high transaction fees.
At the heart of the Polkadex platform is its multi-purpose native token PDEX. Users can participate in Polkadex IDOs, pay transaction fees and enjoy fee reductions when used for trading. In addition, PDEX provides users with the opportunity to participate in on-chain governance. Moreover, it is possible for them to be validators to earn additional tokens through staking. Finally, it empowers the network to nominate validators and collectors.
Moving away from multi-sig bridges is needed, they have been exploited for billions over the last several years
The #crypto industry needs reliable and secure interoperability between #blockchains to maximize its potential@polkadex’s new #THEA bridge leverages Threshold…
— ᙢinus ᙡells (@MinusWells) July 27, 2023
The management in the Polkadex network follows the model of the Polkadot network. Similarly, it is based on votes and their respective weights. Like Polkadot, 50% of PDEX’s circulating supply remains staked at all times. This increases the security and decentralization of the network. That’s why the platform offers a wide variety of features and trading tools, including order books, swaps, private bots and cross-chain transactions that cater to the various needs of traders.
Polkadex Network is not just a DEX, it is a Substrate-based application-specific Blockchain with multiple components such as Polkadex Orderbook, Polkapool and Polkadex IDO. Its diverse offerings make it an all-encompassing platform for traders and investors.
https://twitter.com/PolkadotInsider/status/1684235826056798211
Undoubtedly, Polkadex is steadily approaching its goal of democratizing access to DeFi for a wide range of users, including novice and professional crypto traders, institutions and Blockchain project teams.
The opinions and estimates in the article are those of the experts and are not investment advice. As Kriptokoin.com, we recommend that you do your own research before investing and trading.
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