Agoric

Based

Akash Network

JUNO

Cosmos

<img src="https://cdn.thebittimes.com/images/2023/11/27/1701073595.webp" width="639" height="480">
Bearish markets usually present optimal investment windows. Those who identify hidden gems during these periods often reap significant benefits. Many of us who haven’t seized these opportunities are left with regrets. However, numerous innovative and undervalued projects are frequently overshadowed by the dazzling prominence of more well-known coins. Once recognized, these projects have the potential to become 10X cryptocurrencies. Take <a href="https://coinmarketcap.com/currencies/gala/" target="_blank" rel="noopener noreferrer nofollow">$GALA</a>, for instance, which spiked in value by 155% early this year.
This article aims to list a few cryptocurrencies that could potentially deliver staggering growth. How did we identify these under-the-radar cryptocurrencies? Our identification process was based on several factors: innovative ideas, substantial funding, advanced blockchain development, an engaged community, and high liquidity. This information guided us in finding three undervalued tokens, each unique with distinct value propositions and the potential for long-term impact.
Agoric (BLD)
<img src="https://cdn.thebittimes.com/images/2023/11/27/1701073633.webp" alt="" width="800" height="235">
<a href="https://agoric.com/" target="_blank" rel="noopener noreferrer nofollow">Agoric</a>’s innovation primarily resides in its utilization of JavaScript, a programming language widely embraced, for its smart contracts. This strategic choice empowers developers to harness their existing JavaScript skills and capitalize on reusable development packages and libraries. Such an innovative approach is fundamental to Agoric’s mission of leading millions into the DeFi frontier, an endeavor bolstered by their advanced Byzantine Fault Tolerance (BFT) consensus and the secure “Zoe Smart Contract Framework.” Launched in 2018 by notable figures such as Mark Miller and Dean Tribble, Agoric has set itself apart by making blockchain development more accessible. The practical applications of Agoric’s technology are already evident, notably in the Kread Character Builder within the gaming and NFT sectors, highlighting the platform’s versatility. Furthermore, the inclusion of their BLD token in BitGo’s custody offering marks a significant step towards institutional recognition and trust.
These strategic partnerships, alongside their engagement in the Cosmos Ecosystem and collaboration with the IBC protocol, significantly extend Agoric’s reach and reinforce its standing in the crypto sector. When juxtaposed with Ethereum, the current frontrunner in smart contracts, Agoric's adoption of JavaScript offers user-friendliness but faces the challenge of Ethereum's extensive developer network and its well-established ecosystem.
In terms of financial backing, Agoric is supported by a roster of distinguished names. Investors such as Naval Ravikant, Polychain Capital, NGC Ventures, and the Zcash Company have demonstrated their support, affirming the value and potential of Agoric's technological vision with a total of 22 investors showing faith in the company.
The BLD token, an integral component of the Agoric ecosystem, plays a crucial role in governance and utility, with its value intrinsically linked to network activity. Agoric’s “Hardened” JavaScript platform emerges as a pioneering concept, bridging over 17 million JavaScript developers to the dynamic world of Dapps, NFTs, and DeFi. This raises the question not of growth potential – which appears evident – but rather of its sustainability. Currently, BLD <a href="https://coinmarketcap.com/currencies/agoric/" rel="noopener noreferrer nofollow">trades</a> at $0.1342. This recent dip might present a prime opportunity for investors. BLD, backed by its technological foundation and potential for growth, deserves serious consideration from informed investors. For those interested in acquiring BLD tokens, exchanges such as Binance or Kraken are common platforms for such transactions.
Juno (JUNO)
<img src="https://cdn.thebittimes.com/images/2023/11/27/1701073669.webp" alt="" width="777" height="395">
Juno's core strength is anchored in its interoperable framework within the Cosmos ecosystem. This cutting-edge platform hosts an expansive array of more than 50 DApps, an assortment of smart contracts, and various tools, in addition to supporting over 2000 DAOs. These functionalities span an extensive range of applications, from Decentralized Finance (DeFi), which includes services such as lending, borrowing, derivatives, and staking, to the realms of gaming and gamification within metaverses. Despite its broad support for various DApps, Juno is tasked with navigating the intricate and often complex terrain of cross-chain interactions, a sector known for its significant security challenges. Juno's emphasis on user-friendliness is notable; however, the platform's future success is contingent on its ability to strike a harmonious balance between ease of use and the implementation of robust security measures, a balance that is particularly challenging when compared to more centralized networks.
The JUNO token, entirely owned by the community, stands as a testament to Juno's commitment to decentralization. This innovative model, though forward-thinking, will inevitably be put to the test as the network expands and confronts common governance challenges inherent in decentralized networks.
It is crucial to recognize that Juno's technical roadmap mirrors its dedication to ongoing improvement and evolution. These efforts are concentrated on augmenting the network’s capabilities, fortifying security features, and enhancing the overall user experience. The roadmap outlines plans for the further advancement of its security infrastructure and governance improvements, as well as the introduction of upgrades and new features designed to continually propel the growth and scalability of the Juno ecosystem. As Juno advances along this trajectory, it solidifies its role as a key contributor in the interchain landscape, offering a robust and adaptable platform for decentralized applications and smart contracts. Based on this trajectory of growth, it can be inferred that Juno possesses strong indications of potential price appreciation, underscored by its robust community engagement. This makes JUNO an undervalued asset with considerable growth potential, especially given its sturdy infrastructure and the potential yet to be fully harnessed within the crypto space. At the time of writing this piece, the <a href="https://coinmarketcap.com/currencies/juno/" target="_blank" rel="noopener noreferrer nofollow">trading</a> price of JUNO was approximately $0.4311. For those interested in investing in JUNO tokens, they are commonly available for purchase on exchanges like Osmosis.
Akash (AKT)
<img src="https://cdn.thebittimes.com/images/2023/11/27/1701073712.webp" alt="" width="639" height="480">
<a href="https://akash.network/" target="_blank" rel="noopener noreferrer nofollow">Akash Network</a> is a decentralized cloud computing marketplace, meticulously designed for dApp developers operating in the DeFi space and other high-computing, high-growth areas such as machine learning. Founded in 2017 by the notable duo Greg Osuri and Adam Bozanich, Akash Network benefits from Greg's extensive entrepreneurial experience and Adam's profound expertise in software engineering. The project has impressively secured over $10 million in funding from renowned investors, including Binance Labs, Polychain Capital, and CoinFund.
The network encompasses two principal components: the Akash Network and the Akash Platform. The former operates as an on-chain decentralized marketplace for leasing computer resources. It functions as a supercloud platform, offering a unified layer that supersedes all providers in the marketplace. This feature ensures that clients enjoy a consistent cloud platform experience, regardless of the underlying provider. Conversely, the Akash Platform, an off-chain deployment platform, employs Kubernetes to run various workloads, thereby providing cloud management services crucial for hosting and managing these workloads effectively.
Akash Network addresses the pervasive issue of single points of failure in conventional cloud services by offering an innovative solution that merges blockchain technology with containerization. This unique approach enables developers to deploy applications with minimal configuration and reduced server management needs, significantly streamlining the deployment process. With projections indicating that cloud services spending could reach $370 billion by 2023, Akash Network is strategically positioned to secure a substantial niche in the burgeoning decentralized cloud services market. The AKT token, integral to the Akash Network, presents a promising opportunity for investors and users to tap into the growth and potential of decentralized cloud computing.
As a trailblazer in decentralized cloud computing, Akash Network stands as a formidable competitor to established giants like AWS. Its commitment to open-source principles serves as a dual-edged sword, enhancing transparency while necessitating stringent security measures. With approximately 400 active leases, Akash Network demonstrates potential and stability, indicating a consistent rise in network utilization and growing user trust in its capabilities. Nonetheless, it remains crucial to observe how it scales relative to traditional cloud services and its peers in the blockchain-based cloud computing sector. For those interested in acquiring AKT <a href="https://coinmarketcap.com/currencies/akash-network/" target="_blank" rel="noopener noreferrer nofollow">tokens</a>, these are typically available on exchanges such as Binance or Kraken. 
Conclusion
Profiting from long-term investments in cryptocurrencies extends beyond mere price predictions; it involves delving into the crypto landscape to unearth hidden gems. Based on growth information, it can be stated that these undervalued cryptocurrencies hold considerable potential for growth.
It is always crucial to conduct thorough research and fully comprehend the risks associated with such investments. Nevertheless, with investments that are grounded in innovative ideas, backed by substantial funding, characterized by advanced blockchain development, supported by an actively engaged community, and featuring high liquidity, crypto projects like Agoric, Juno, and Akash offer a viable opportunity to diversify your investment portfolio. This could potentially lead to significant returns in the ever-evolving world of digital currencies.
Disclaimer: The content in this article should not be construed as investment advice. Investing is speculative by nature. Always remember, when investing, your capital is at risk.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/under-the-radar-undervalued-blockchain-projects-with-huge-potential-tbt71710.html">https://thebittimes.com/under-the-radar-undervalued-blockchain-projects-with-huge-potential-tbt71710.html</a>

Under the Radar: Undervalued Blockchain Projects with Huge Potential

TheBitTimes

2023년 11월 27일에 게재된 다른 기사

Coinbase adds ADA, LINK, DOGE, XLM perpetual future contracts

Circle partners with SBI Holdings to offer potential stablecoins in Japan

XRP Community Alert: Evernode XRPL Announces Airdrop for Holders

Paradigm calls out Blast over its marketing strategy

Tether gives FBI peek behind the curtain

24 Crypto Update, 26 Nov: BTC in a Standstill, Terra Classic Surges!

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!