Altcoins
List of Top Four Undervalued Altcoins Worth Looking At
Given the current market conditions, where the direction is still uncertain, it becomes difficult to identify altcoins with the greatest potential. However, despite this, there are several undervalued projects that are being unfairly dragged down by the general market trends. Altcoin Buzz Analyst provided a list of four coins, which are worth looking into. Here is the list:
Coin 1: Akash Network
First on his list is Akash Network, which is active in both the decentralized computing (DePIN) and artificial intelligence (AI) space. These are among the hottest stories in the current bull run. Akash started out as a decentralized computing marketplace, allowing users to rent out their excess GPU capacity at a lower cost than major cloud providers.
Additionally, Grayscale added Akash to its list of high-potential assets for Q3 2024. Despite the overall market downturn, Akash has shown favorable price action, offering a glimmer of hope amid the broader market decline.
Coin 2: Morpheus Labs
Next on their list is Morpheus Labs, which helps Web2 companies transition to Web3 using a low-code platform and AI tools. Morpheus Labs has partnerships with major players such as Alibaba Cloud, Huawei Cloud, Amazon Web Services, Tencent Cloud, JP Games, Elrond, and Ant Group. Their ecosystem offers scalable Layer Two solutions, sharding for parallel processing, and off-chain computing to reduce on-chain burdens.
Coin 3: Graphlinq
In third place on their list is Graphlinq, firmly positioned in the AI sector. Graphlinq offers no-code Web3 automation along with its own chain and token standard. The protocol is multi-chain and facilitates the deployment and management of dApps. With 170 million GLQ total value locked (TVL) on its chain, valued at around $14 million, Graphlinq is active in the DeFi space and creates an interesting coin.
Coin 4: Clearpool
The latest is Clearpool, a player in the real world assets (RWA) space. Clearpool operates a decentralized marketplace on Ethereum and Polygon for credit lending. To date, it has facilitated a total of $562 million in loans with a TVL of $81 million. The RWA space is expected to grow to a $6 trillion market by 2030, and BlackRock’s entry into this market signals its potential. Despite a price surge over the past year, Clearpool’s market cap still offers growth potential.