Getting in early. If you want to make big gains in crypto, you need to get in early. That’s what it is all about. Find the right project and get on top. I’m here to show you some early altcoins that don’t have a coin yet. Because here’s a sample showing you the importance of getting in early.
Let’s look at Ethereum. At launch, the price was $0.31. Now the price is $1,668. That’s a 62,184% increase. Not to mention that the ATH was $4,878. Get my point? So, let’s dig into three altcoins my research team found for you.
#1: LayerZero
My first pick of these altcoins is LayerZero. This project is all about interoperability. Together with privacy, that’s where the future of crypto will be. LayerZero is no stranger to me. A month ago, I talked about a potential LayerZero airdrop in this video.
Source: Twitter
So, we know there are loads of layer 1 and layer 2 blockchains. They need to be able to communicate with each other. So, who’s going to look after that? Right, that’s the LayerZero platform. LayerZero builds to connect them all.
LayerZero allows for lightweight messages between chains. Most importantly, it guarantees delivery. And if that’s not enough, you can adjust trustlessness. To achieve this, it uses two parties; oracles and relayers. Now, what is interesting, is the funding and backing that LayerZero already had. In total, they already raised $293 million. That’s a decent amount of money. It will keep them going for a while.
Their latest round was in April when they raised $120 million. That was their Series B. This valued them at $3 billion. That was also with an impressive list of backers. 6For example,
- a16z
- Chapter One
- GCR
- K5
- OKG
- OpenSea
- Sequoia
Source: Twitter
During their Series A funding, they raised $135 million. This was back in March 2022. So, besides the strong backing, they also have a great team. Led by Ryan Zarick and Bryan Pellegrino. Furthermore, the project has strong fundamentals. So, in short, a project with great potential. That’s why it is on my radar.
#2 StarkNet
The second pic of these altcoins is StarkNet. It is a layer 2 built on Ethereum. StarkWare is the company behind this project. StarkNet is no stranger to us, since I covered it quite a few times. Take a look at this video.
Source: Twitter
Now, what is interesting about StarkNet, is that they have already deployed their token. Its ticker is STRK. However, they are sitting on Ethereum, waiting for distribution. 10 billion of them. So, no wonder that rumors of an airdrop have been going around for months. Besides, it is worth noting that this is not a fixed amount. The protocol may mint more tokens over time. The team hasn’t defined the minting rate or mechanism yet.
You can use the token in due time for staking, governance, and paying transaction fees. Eli Ben-Sasson co-founded StarkWare. However, he’s also a founding scientist of Zcash. This is a well-known privacy coin. He’s also the President and Chairman. Other co-founders are:
- Uri Kolodny, their CEO.
- Alessandro Chiesa, their Chief Scientist.
Their number of employees is estimated to be around 200 to 250. So, the project does not only have a strong team. This project also has strong fundamentals. That’s one of the reasons it got some good backing. As a result, in two months’ time, its TVL soared by $10 million.
- With 16 investments, the team raised $273 million.
- A year ago, they raised $100 million. This valued the firm at $8 billion. This was their series D.
- In March 2021, they had their Series B for $75 million.
- November 2021 saw another series C for $50 million.
Source: Twitter
Some backers, are Sequoia Capital, Paradigm, or Greenoaks Capital. Are you familiar with these two projects? Have you already used their platforms? And this brings me to my last pick for today, Linea.
#3: Linea
The third pick of these altcoins is Linea. It is also a layer 2 on Ethereum. As of 28th March, it renamed to Linea. Before, you may have known it as Consensys zkEVM. Consensys is the company behind them. They are also the owners of MetaMask. This will become the default layer 2 on MetaMask. In other words, success is almost guaranteed.
Source: Twitter
It is a zero-knowledge Ethereum Virtual Machine (zkEVM). This allows devs to build on it as if they’re building on Ethereum. It uses zk rollups. Currently, Linea is on a testnet voyage. You can expect a potential airdrop. However, they are not easy tasks, but the rewards may be worth it.
Last week, they finished week 3, which was all about NFTs. Each week you can earn points. So, the more points you have at the end, the higher your reward should be. However, the team hasn’t announced week 4 yet. Anyway, let’s look at the team. Joseph Lubin founded Consensys. He’s one of the original founders of Ethereum. So, a real crypto OG.
The fundamentals of this project are also in good shape. That’s an advantage of having such a big company as Consensys behind you. Consensys employs between 700 and 1000 people. Time to look at some funding for Linea. So far, in various funding rounds, Consensys raised no less than $726 million. That may indeed be a juicy airdrop. And, of course, plenty of capital to keep building.
Source: Twitter
Their Series D raised $450 million in March 2022. Backers include:
- Temasek.
- Microsoft.
- And Anthos Capital.
Also, their Series C raised $200 million in November 2021. This included:
- Animoca.
- Dragonfly Capital.
- HSBC.
- And Coinbase Ventures.
So, some serious names are involved here. Do you see why I picked Linea in this lineup?
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