Categories: Analysis

3 Altcoin Moonshots You Can Buy While Procurement Is Good

The crypto bulls are back in town, and Bitcoin (BTC USD) reaches new all-time highs again. However, altcoins have lagged significantly behind the OG cryptocurrency in this recent run. Many investors suffering from FOMO (fear of missing out) have jumped from altcoin to altcoin to catch the next rise rather than holding quality projects. But this Bitcoin-dominated pattern is quite normal in the early stages of a crypto bull run.

I know firsthand that altcoin season doesn’t start immediately when Bitcoin starts rising. There is usually a period of Bitcoin dominance before money flows heavily into altcoins and they explode. At the moment, the market is entirely focused on Bitcoin, with the mainstream media’s crypto narrative all about Bitcoin reaching a new high. Since money flows exclusively into Bitcoin, altcoins initially tend to underperform.

Therefore, I believe that now is a unique opportunity to grab some promising altcoins before alt season gets into full swing. If history repeats itself, Bitcoin’s dominance will eventually peak and altcoins will have their time in the sun. I sense that this tipping point where Bitcoin begins to give up its dominance is still a month or two away. Here are three altcoins you should consider before that happens.

UniBot (UNIBOT-USD)

Source: Shutterstock.com/sdecoret

UniBot (UNIBOT USD) has likely found a bottom in recent weeks and appears well-positioned for a recovery. After falling below $50, UNIBOT rebounded above $65, indicating a potential base is forming before the next rise. I’m optimistic about UniBot heading into alt season as it appears to be significantly undervalued compared to the utility it provides.

An important catalyst is the differentiation of UniBot as Uniswap (UNI USD) Trading bot for quick swaps and transaction sniping. This Telegram bot offers all users access to lightning-fast Uniswap trading Minimal fees of just 1%. Thanks to advanced algorithms and robust infrastructure such as private nodes, a private transaction mode, wallet tracking and a token tracker, UniBot is unrivaled in terms of speed.

As sniper bots buy and sell newly launched tokens, you can expect UniBot activity to drive massive volume on Uniswap and benefit UNIBOT holders through accrued fees. It is by far the best Telegram sniper I have ever seen.

As altseason sees trading volumes skyrocket, UniBot has the potential to emerge as the dominant Uniswap trading bot.

OpenFabric AI (OFN-USD)

Source: Shutterstock

OpenFabric AI (OFN-USD) is another newly launched altcoin that has already skyrocketed in recent weeks. The increase follows a trend we have seen in crypto projects related to artificial intelligence, as the hype around AI and data focus extends to crypto.

OpenFabric describes itself as a decentralized Layer 1 AI protocol that leverages blockchain, cryptography and infrastructure tailored to AI applications. The goal of the project is to provide all users with easy and affordable access to powerful AI capabilities. OpenFabric’s AI app ecosystem includes Hypervectors, NeuroCode and the OpenFabric Virtual Machine.

This project also provides developers with tools to build next-generation AI apps on its platform. These include the modular OFN App Studio, AI Sandbox and a large selection of algorithms and models. It seems to be quite popular among AI blockchain startups, and there have been numerous partnerships in recent months, most recently “friend3.

Alephium (ALPH-USD)

Source: Marko Aliaksandr/ShutterStock.com

Alephium (ALPH-USD) has risen sharply as the sharded blockchain joins the ranks of the latest Layer 1 platforms Kaspa (KAS-USD). This token has fallen from its high of $3.80 to the $3.30 level, but I see a lot more upside potential in the coming months. The project’s market cap of $241 million still appears cheap compared to other Layer 1 projects.

This protocol uses a novel stateful UTXO model that offers the programmability of an account model with the superior security of UTXO. But Alephium’s secret is its Proof-of-Less-Work consensus, which dynamically calibrates mining difficulty to reduce energy consumption compared to other networks like Bitcoin.

Developers can build decentralized applications (dApps) on Alephium using tools such as the custom virtual machine, the Solidity-like language called ALEPH, IPFS support, and the RESTful API. This project also features a sharded architecture and a patented data flow algorithm to increase speed and throughput.

While Alephium is partially focused on DeFi, its technology supports various dApp use cases such as gaming, social, storage, identity, and more.

Alephium offers far more upside than Kaspa if it can capture even a fraction of that Ethereum (ETH-USD) market share.

At the time of publication, Omor Ibne Ehsan did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor focused on growth and cyclical stocks with strong fundamentals, value and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can keep following him LinkedIn.

David Brooks

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