We’re at the start of a bull market. These are exciting times in crypto. Bitcoin is in price discovery territory. For the first time, it broke its ATH before the halving. That’s coming in about a month. So, because of the spot ETFs, Bitcoin received this price boost.
We’re in uncharted territory. A $100k BTC price seemed to be far away, but right now, I’m not even sure how long we’ll be staying at $100k. So, this is also the right time to look at some projects that are still undervalued. My research team and I found 4 altcoins. So, let’s dive straight in.
1) ChainGPT ($CGPT)
With ChainGPT we’re in the AI narrative, and it’s the first of today’s altcoins. That’s one of the big narratives to watch during this bull run. One thing I like, straight from the start, is their partnership with Lossless. That’s another project we like here at Altcoin Buzz. It should help to protect the token from potential hacks.
📣 ChainGPT x Lossless
We're thrilled to announce a strategic partnership w/ @losslessdefi
✅ ChainGPT integrates Aegis into Smart Contracts
✅ $CGPT AI model trained on LossLess⚡Supercharging AI with on-chain security
🤖Unleash Web3 w/ #ChainGPT
👉 https://t.co/9tkEqLrDOY pic.twitter.com/VHjbblBmNu— ChainGPT (@Chain_GPT) September 13, 2023
So, having that out of the way, ChainGPT has quite a few remarkable features. Some are free, some are Premium products. For example, here are some free features:
- Chatbot.
- AI NFT generator.
- Ask crypto people.
For The Premium options, you need to buy credits first, before you can use them. These include, among others:
- Smart contract auditor.
- AI trading assistant.
- Smart contract generator.
But there’s more. For example, staking, a prompt market, and a DAO. So, your ChainGPT is almost like an AI Jack of all trades.
The $CPGT token has also been doing well recently. Its current price is $0.3909. $CGPT has a marketcap of $166 million. 423.6 million tokens already circulated. The total supply is 998.4 million tokens. Over the last 30 days, it’s up by 61.6%. It also seems as if it hasn’t reached its full potential yet.
2) DeepFakeAI ($FAKEAI)
With DeepFakeAI it’s like I’m opening a can of worms. Yes, it can be fun. However, deepfakes are also controversial. They can lead to misinformation and manipulation. So use them with care and caution. Having said that, let’s take a closer look at this project.
You can create deepfakes by using their Telegram bot and their web app. There are three easy steps to follow to get you started:
- Sign up.
- Buy the right number of minutes, to create your deepfake.
- Start making your videos.
You can always add more minutes to complete your deepfake video. Currently, the platform offers a list of over 40 characters as a template. You can choose, for example,
- CZ.
- Gray Gensler.
- Thomas Shelby.
- Santa.
- Greta Thunberg.
Just to name a few. AI is a big narrative for this bull run, and most likely beyond it as well. So, let’s take a closer look at the $FAKEAI token. The current $FAKEAI price is $0.01888. It has a market cap of $18.2 million, so still low. There are 958.8 million tokens in circulation. The other 42 million tokens are already burned.
Be aware that there is a 4% tax on buying and selling the token. However, it’s up by a staggering, 9700% over the last 30 days.
3) Astroport ($ASTRO)
Astroport brings us into the DeFi realm of altcoins. It’s part of the Cosmos ecosystem and its IBC. It launched on the Terra network, now Terra Classic ($ASTROC). However, it’s now also available on the new Terra V2 chain.
🛰️ NEW GOVERNANCE VOTE DETECTED
Should Astroport incentivize the newly created PCL pools on @osmosiszone with $ASTRO incentives for the duration of 1 month?
🗳️ ARC-122: https://t.co/fARIZ2QBYk
Tldr 🧵👇
With Astroport’s launch of PCL pools on Osmosis, the protocol has an… pic.twitter.com/CxhcPuy4iF
— Astroport ✦ (@astroport_fi) March 18, 2024
It is a DEX that uses AMMs, or liquidity pools. So, yes, there’s a subtle difference between the two of them. Astroport offers three different kinds of liquidity pools. For instance:
- Uniswap’s Constant Product formula pools: These pools determine the token price by the amount of each token in a pool.
- Curve’s StableSwap Invariant formula pools: These pools have various stablecoins. So, the price depends on the weight of each coin in a pool.
- Passive Concentrated Liquidity Pools: This improves capital efficiency and optimizes price impact for trades.
Astroport offers a swap, pools, a bridge, and governance. The bridge works inside the IBC from four networks. These are Injective, Neutron, Sei, and Terra. However, the bridge connects all the IBCs.
✦✦ ASTROPORT x OSMOSIS ✦✦
A new chapter unfolds in the Cosmos as Astroport and @osmosiszone forge an unprecedented alliance. After decisive governance votes, Astroport is set to deploy an outpost on Osmosis and introduce Passive Concentrated Liquidity (PCL) pools to the… pic.twitter.com/tl6C9HsI2p
— Astroport ✦ (@astroport_fi) March 13, 2024
The current $ASTRO price is $0.1784. It has a marketcap of $75.58 million. The max supply is 1.1 billion tokens. Around 40% already circulates, or 423.6 million. Over the last year, $ASTRO is up by 127.4%.
4) Nuco Cloud ($NCDT)
Nuco Cloud is part of the DePIN narrative and the last of today’s altcoins. This is another vertical to keep a close eye on in 2024 and beyond. DePIN stands for Decentralized Physical Infrastructure Network. It’s a combination of IoT (Internet of Things) and physical infrastructure. However, it’s all on a blockchain.
So, Nuco Cloud fits in the category of GPU cloud providers. It’s all about computing power. Gamers need this, but most importantly, AI needs it. In other words, the demand will most likely only increase.
The protocol sets itself apart in a few ways. For example, it’s EU GDPR-compliant. As one of the few in this sector. It’s also cheap and has a decentralized hyperscaler. This means that when there’s more demand added, you can scale appropriately
The current market value for DePIN is currently around $ 2.2 trillion. However, by 2027 it’s expected to grow to $3.5 trillion. So, knowing this, let’s take a closer look at the $NCDT token. Its current price is $1.02. It has a marketcap of $34.1 million. There’s a max and total supply of 50 million tokens. Out of these, 33.5 million circulate.
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— nuco.cloud (@nucocloud) March 16, 2024
So, are you familiar with these altcoins?
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.