Crypto assets are booming, as evidenced by the global crypto market cap, which stands at nearly $2 trillion. The recent bull market has resulted in the growth of hundreds of tokens, including small-cap tokens. However, not everyone can keep up with the trend. Given the general flood of projects, it is worth choosing crypto gems with a steady development history that can generate profits over a long period of time.
NEAR protocol (NEAR)
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VICINITY (NEAR USD) works more like a web application than a standard blockchain project. The protocol is a decentralized community supercomputer. Thanks to its ease of use, it can overcome the usual obstacles of blockchain networks.
Due to the scalability of the protocol, this token is on par with the leading crypto gems. NEAR uses a sharding approach to process so many transactions that other blockchain platforms cannot. This technology pays off. In the last six months, NEAR has grown 112%, with developers appreciating a convenient environment for building dApps. Their high quality work gives the impression of a progressive modern project. As a result, the price of the cryptocurrency has risen sharply since mid-2023 $1.2 to $3.2.
Last year, the project surpassed $1 billion in market capitalization, demonstrating the growth of its investment opportunities. In 2024, daily trading volume will remain consistently in the hundreds of millions and the market capitalization will remain well above $3 billion. Analysts are optimistic about the future of NEAR and predict that its potential value will be reached in 2026 $5.2 billion.
However, despite these prospects, the protocol remains underrated because it can be quickly improved through collaboration with other market participants. For example, the partnership with D3 has contributed to the growth of the ecosystem. This digital infrastructure provider can further strengthen the NEAR network.
The project’s innovations have the same positive impact. The community was already excited about the introduction of idOS at NEARCON ’23. This digital identity management solution increases user security and privacy. NEAR continues to implement its development and partnership strategy and continually improves and strengthens the platform.
Tezos (XTZ)
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Arthur Breitman and Kathleen Breitman created an incredible project through their collaboration in 2014. The founders’ experience in other high-tech projects has led to the stunning results of Tezos (XTZ-USD). Its ICO showed the popularity of the project 232 million dollars Grew up in Bitcoin (BTC USD) And ether (ETH-USD).
A temporary setback due to a conflict of interest with the president of the Tezos Foundation resulted in a loss of investor interest. But now the blockchain network is attracting the attention of crypto projects and European central banks. The latter are interested in a partnership to experiment with the creation of a digital euro.
In addition to working with large traditional financial organizations, Tezos is actively committed to expanding its ecosystem to include crypto platforms. Music icon Quincy Jones supports this NFT platform.
The project has already drawn up a list of improvements for 2024. This spring, the community will witness the launch of a bridge between Tezos and Ethereum. It’s called Etherlink. This decision will impact the number of developers in the project’s ecosystem. Therefore, starting in March, Tezos plans to increase its functionality and compatibility. This can be a golden time for investors.
Cosmos (ATOM)
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cosmos (ATOM USD) does not follow the path of fierce competition. The platform aims to transform disparate crypto industry projects into a single, collaborative community by facilitating interaction between blockchain networks. Therefore, prosperity for the entire blockchain sector brings prosperity for ATOM and vice versa.
In just a few days, developers in the Cosmos ecosystem can achieve what typically takes weeks to months. The efficiency of the project attracts developers and decentralized applications based on it continue to grow. Among them is the Tendermint protocol, which underlies this next-generation technology stack. This ensures that consensus is reached faster and with less risk.
The platform maintains dominance across many components of its ecosystem, yet continues to evolve. As a true representative of crypto gems, Cosmos strengthens its position in the blockchain space through integrations and innovative solutions. By collaborating with Ledger Live, the ATOM transaction and staking system can be improved. Investors also noted the partnership with Kava Labs and the $10 million infusion into Cosmos Neutron.
The project remains relatively undervalued, even though the price of ATOM has almost increased doubled in the last six months. Market sentiment suggests that altcoin season is approaching. Due to its connection to a large number of tokens, Cosmos coin can be a solution to make money quickly and diversify investments.
At the time of publication, Julia Magas 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, subject to those of InvestorPlace.com Publishing Guidelines.
