I know you’ve heard me say this before. But in my opinion, the safest sector of crypto to invest in is infrastructure. Safety may be the last thing on your mind when it seems like everything is going up.
But bubbles, especially in areas like memecoins, pop. And when they do, they’ll lose 99% of their value. We’ve seen it before and we will again. But infrastructure you can hold for this entire bull market and whatever markets that follow. You won’t make 8000% in 30 days, but you will make money long-term. And you’ll be able to sleep at night. Here are 3 of our favorite infrastructure altcoins.
1) Wanchain (WAN)
You can’t talk about infrastructure without talking about bridges. And you can’t talk about bridges without talking about the OG of bridges. Wanchain. Infrastructure and Interoperability go hand in hand. And many projects have good bridge access, while many others don’t and need it.
We are happy to announce the deployment of new decentralised, non-custodial cross-chain bridges connecting the @base testnet to 7 other networks!
💡 Move #ETH and #USDC between #Arbitrum, #Avalanche, #BNBChain, #Ethereum, #Optimism, #Polygon, #Wanchain and #Base!
🔜 #XFlows pic.twitter.com/FNPnUTHJ8i
— Wanchain (@wanchain_org) March 19, 2024
That’s why, for example, when we last featured Wanchain, we talked about the importance of the Cardano bridge. Cardano has been like that little isolationist, separatist island nation. And now it’s better connected to EVM and the rest of the crypto world thanks to the Cardano Bridge.
It’s really simple. Ecosystems grow when they get better bridges. Ecosystems grow when they integrate with Wanchain. Wanchain wants to make what chain you’re operating on almost irrelevant. That’s the goal behind XFlows.
XFlows takes the 2 most transacted coins, USDT and USDC, and lets you trade native tokens across many chains. If you have native USDC on Avalanche, you can move it and get native USDC on Polygon. And lots of other EVM chains that support the 2 big stablecoins.
Another busy week for #Wanchain! 👇
✅ $900,000,000+ cross-chain volume.
✅ @ChainspotIO integrated the #Wanchain Bridge and L1 into their aggregator.
✅ Wanchain deployed new decentralised, non-custodial bridges connecting the @zksync Testnet to 6 other networks. pic.twitter.com/GnMnZ7VIzC
— Wanchain (@wanchain_org) March 17, 2024
Lastly, there’s a value proposition behind Wanchain too:
- They have the best bridges.
- They bridge the 4 most popular tokens, native to native. That’s Bitcoin, Ethereum, USDT, and USDC.
- They have their own L1 chain and a growing ecosystem of apps.
All that, and the value of Wanchain’s $WAN token is only $52 million. That makes it a small-cap project. It seems like it should be worth a lot more than that just from bridging and the bridge fees they earn alone. But it’s a bargain & a pretty big bargain at that.
2) PARSIQ (PRQ)
Next, we have PARSIQ. If a Layer 1 or Layer 0 project is going to build out an ecosystem, then it needs data indexing and querying. From simple transaction data to the ability for ecosystem apps to connect, every project has to have it. And that’s what PARSIQ does.
Life on the #blockchain moves fast
Even a minor lag or hiccup can cost you a trade and potential profits 💸
How can #DEXs and #CEXs prevent this?
What can they do to ensure a flawless user experience?
Easy answer: turn to #PARSIQ for their data needs 💡
— PARSIQ | #BUIDL your Web3 Unicorn (🌊,🦄) (@parsiq_net) March 19, 2024
If you’ve seen some of our other coverage of PARSIQ, then you know we often compare it to The Graph. There are a couple of reasons for this, aside from the fact that The Graph is a bigger, better-known project in this part of infrastructure. Reasons include:
- The Graph is awesome, and so is PARSIQ. The Graph is in our 50x Master Portfolio
- The Graph has a $3.5 billion market cap, while PARSIQ only has a $35.7 million market cap. We love both projects and expect both to grow. But we do not think that The Graph is 85x more valuable. PARSIQ will shrink this gap while both projects grow.
- PARSIQ continues to be one of the best value picks in Web3 infrastructure at these current levels.
PARSIQ is constantly innovating, and its new Reactive Network product is going to upend and disrupt the data sector. It only adds to their huge growth potential. It’s pretty simple. All projects need these tools. The Graph is #1 in this area, while PARSIQ is the rising star, the up-and-comer.
Data is the life blood of the Web3 ecosystem, from DEX's to Yield Farming to Web3 games
Take a look through our new blog for an idea of the use cases we can empower when we bring Web3 data to life with #ReactiveSmartContractshttps://t.co/KETWSGS3OV
— Reactive Network | powered by PARSIQ (@0xReactive) March 14, 2024
Both are great. We are fans. You’d do a lot worse than buying both of these. However, we think the risk-to-return ratio is better for PARSIQ due to its relatively low market value. It’s nearly 100x just to get to The Graph’s current market value. That risk/return ratio for PARSIQ works VERY well for us.
3) Morpheus Labs (MIND)
Infrastructure is not just something every project needs. With tools like indexing with PARSIQ or bridges for connectivity like Wanchain. Another important part of the infrastructure is giving people the tools so they can create their chains easily. When we think about the ease of creating your chain, Cosmos is probably the first name that comes to mind. Its SDK is the envy of the industry.
But there are other great tools too. For example, in a standard SDK, you have to build out your chain in the language they choose. For Cosmos, that’s Golang or the Go version. What if you have an existing project, but you’ve coded in Rust or Solidity or something else? Are you out of luck? Thanks to Morpheus Labs, the answer is No. Its standard BaaS (Blockchain-As-A-Service) is a platform that allows any firm to create its blockchain.
⛓️ Attention BEP2 MITX Holders
Exciting 🎉 news for all #BEP2 #MITx holders on #Binance Chain!
We're thrilled to announce that we're gearing ⚙️ up to launch a claiming portal just for holders on BEP2
Please take note 🚨 that this should not be confused with the existing… pic.twitter.com/HeWH6lc8qN
— Morpheus Labs (@morpheuslabs_io) March 9, 2024
So far, this platform benefits existing Web2 projects wanting a Web3 presence the most. And this makes sense. They have their tech people and their expertise in whatever it is they do. The “as a service” aspect, like with any SaaS we use, makes creating a Web3 version easy, fast, and inexpensive.
Instead of millions to build out something with an uncertain outcome, for not much $$ a business can spin out its blockchain. It’s great for experimenting with new apps. Businesses love it. More of these platforms for creating a blockchain will come out. And all the while, Morpheus will continue as the leader in this part of the industry.
💁 Who are our Smart Contract Studio (#SCS) Target Audience#Blockchain Enthusiasts, #Developers or even you!
Our Smart Contract Studio and #Web3 Workflow Studio are tailored for blockchain 🔗 enthusiasts, developers 💻 and #enterprises seeking to simplify and accelerate… https://t.co/e1uYE9dBC0 pic.twitter.com/stHyLcGdMg
— Morpheus Labs (@morpheuslabs_io) February 23, 2024
Morpheus uses AI and also low-code tools to make spinning out a blockchain even easier and faster. Their mission is to make creating your blockchain as easy as possible, while not compromising on performance or security.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
