Altcoins
List of seven Polkadot altcoins for big gains in 2024
In the latest episode of “A chain of blocks” the analyst/host focused on seven undervalued Polkadot altcoins. He said we need to act quickly and buy altcoins that were expected to rise due to the Bitcoin halving. Here is the list of altcoins:
Coin 1: Phala Network
Phala Network, which is advancing AI integration, introduces the coprocessor concept, improving scalability and security by offloading complex tasks off-chain. They are also developing the AI agent economy, combining the intelligence of AI with the decentralization of blockchain.
Coin 2: Bigelo
Bifrost, a non-custodial Omni-chain liquidity staking derivatives (LSD) protocol on Polkadot. Bifrost allows users to stake assets and receive voucher tokens (V tokens) in return, improving utility and interoperability across multiple chains. Bifrost has seen significant growth in 2023, with new liquid staking tokens and an increase in total value locked (TVL).
Coin 3: Manta Network
He added that the third project to consider is Manta Network, a Polkadot parachain that is attracting a lot of attention. Manta is designed to power the next wave of Web 3 applications by leveraging zero-knowledge proofs, a type of cryptography that allows one party to prove to another that something is true without revealing any additional information.
Coin 4: BitTensor
He then said to take a look at one of the most interesting projects in all of cryptocurrency: BitTensor. The TOA token has grown over 700% in the last year. BitTensor represents early-stage decentralized AI development, giving smaller companies the potential to compete with larger organizations for access to high-level AI tools.
Coin 5: Polimec
Next, he talked about Polimec, a game-changing project in Web 3 fundraising. Polimec has a unique use case that addresses real problems and leverages the functionality of other Polkadot parachains. The project has made progress, including a successful token generation event for the upcoming PLM token, enabling staking, and the launch of Polimec governance.
Coin 6: Path of origins
Origin Trail introduced the concept of Verifiable Internet. This aims to leverage blockchain technology to create a transparent and trustless digital ecosystem where information used by AI systems is easily verified and authenticated.
Coin 7: NeuroWeb
Finally, it introduces NeuroWeb, a project that leverages the power of Origin Trail. NeuroWeb is a decentralized AI blockchain designed to incentivize knowledge creation through knowledge mining. Knowledge mining involves producing high-quality knowledge tracked on blockchain for artificial intelligence.
Read also: US Congressman Matt Gaetz Proposes Legislation to Accept Bitcoin for Federal Tax Payments