Decentralized computing networks are very popular lately. According to CoinMarketCap data, the total market value of distributed computing-themed altcoin projects is $7.38 billion. Remarkably, these Web 3.0 projects seem to be extremely successful at creating a distributed system. They span several interconnected computers, communicating and coordinating their operations.
5 altcoins with the potential to double their price
The analyst has studied blockchain and cryptocurrency projects of this type. After that, he identified 5 altcoins that have the potential to double their price in the future. These altcoins with a market cap of less than $400 million could make big gains in the future. Therefore, as Kriptokoin.com, we have shared the list prepared by the analyst with you.
Siacoin (SC)
Launched in June 2015, Sia is a distributed and decentralized cloud storage platform built on Blockchain. This platform uses Siacoin (SC) as its native utility token. Users with extra storage can rent their storage using Sia, which serves as a secure marketplace for cloud storage. This is why the altcoin advertises its primary purpose as the “backbone storage layer of the internet.”
Listed on major exchanges such as Binance and Bybit, SC is trading at $7.5 million in trading volume and $0.004209 at the time of writing. However, Sia ranks 132nd in the crypto market, with a market cap of $217 million.
Flux (FLUX)
The Flux ecosystem is described as the New Web3 for decentralized internet. Accordingly, users can easily create and manage their applications on various servers on the platform. The project aims to take the lead by incorporating Web 3.0, Dapps and many more technologies. Also, Flux does not receive funding from outside sources. That’s why it’s solidifying its place as an independent, community-driven, open-source project.
Traded on major exchanges such as Binance, Bitget and KuCoin, FLUX is sold for $ 0.86. In addition, FLUX has a market cap of $222 million, with a 24-hour trading volume of $33.5 million. The Web 3.0 coin ranks 130th in the crypto market at the time of writing.
Golem (GLM)
Golem Network is a decentralized computer network that provides redundant processing capacity on demand to those who need it. Accordingly, Users can easily connect and exchange money to take advantage of each other’s unused resources. Golem provides democratized access and unique peer-to-peer trading experience. Thus, it enables developers to continue their creativity on a better platform. GLM powers this computing market and is used as a payment method for accounts on the network.
Today’s GLM price sits at $0.25 with a 24-hour trading volume of $17.3 million. Golem ranks 120th in the market with a market cap of $254.3 million, according to current CoinMarketCap data. In addition to these, altcoins; It is traded on major exchanges such as Binance, OKX, KuCoin, Bitget.
Holo (HOT)
Holo runs on the Holochain framework, which does not use blockchain technology. Accordingly, Holo exists as a peer-to-peer (P2P) distributed network to host created dApps. The project provides its users with an environment and marketplace where dApps can be easily accessed. It does this by hosting dApps online. Holo aims to act as a bridge between the public internet and dApps developed using Holochain.
Today, the Holo price is at $0.002213 with a trading volume of $31.9 million. However, on CoinMarketCap, it ranks 93rd with a market cap of $383,626,158. The HOT coin is currently listed on Binance, BingX, Bybit, MEXC and Bitget.
Arweave (AR)
Launched in June 2018, Arweave aims to create a sustainable network ecosystem. Accordingly, Arweave works as a decentralized storage network aimed at providing a platform for long-term archiving of data. It describes itself as “a collectively owned hard drive that never forgets.” In addition, the network hosts the “permaweb”, a permanent, decentralized web containing a variety of community-oriented services and platforms.
Users have the advantage of storing their data forever with Arweave. At the time of writing, the altcoin is trading at $11.94 with a 24-hour trading volume of $29 million. Also, AR ranks 87th with a market cap of $398 million, according to CoinMarketCap data. The cryptocurrency is currently available on Binance, OKX, BingX, Bybit and MEXC exchanges.
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