In the blink of an eye, September is here. September is often a tough month for crypto markets, although Q4 is often the best period and that’s coming soon.
Even still one of the industry’s biggest events is coming this week. It could help improve sentiment. It’s Korea Blockchain Week. And Asian markets love some of our favorite narratives and small-cap projects. So today, what altcoins will pump in September, the small-cap edition.
1) Oraichain (ORAI)
So today, the coins we think will pump all have one thing in common. They are small caps. Small caps often follow large caps. And that’s after large caps follow Bitcoin’s performance. So sometimes they lag when other alts are in a bull market. Yet, we have a good feeling about these.
The first one today is Oraichain. Oraichain is a Layer 1 chain and AI-based oracle. The chain runs on Cosmos IBC. On the chain, a team can both develop apps AND use the AI oracle when it needs it. Those needs for off-chain info can include stock prices, weather temperatures, or real estate prices in Southern California.
Source: X
Smart contracts can easily access these AI-based APIs they need for the data they need to fulfill their contracts. Two of the more interesting “layers” it offers are the LLM Layer and the DeFi Lens. In the LLM layer, Oraichain has its Large Language Model that you can talk to via chatbot.
One of the best potential use cases for the LLM Layer is spotting the use of AI elsewhere like in finding fake news postings on the web. This idea of proof of truth is an area where AI can help keep dishonest players accountable. The DeFi Lens helps give you many tools you need to research and evaluate DeFi options involving trading, lending, or just allocating your funds effectively into liquidity pools. Its AI Art Generator is pretty cool, too.
Price Action
Right now, Oraichain’s token is trading at $5.35 at the time of publishing this article. While it’s had a good last 12 months up a healthy 225%, in the last 90 days it’s been down over 60%. We think this is just a breather before the next leg up for the project.
Its market cap is just under $100 million. Almost 90% of the total and maximum supply of $ORAI tokens are currently in circulation. We like seeing this. No huge unlock surprises coming. $ORAI’s all-time high is $105 from back in 2021. And if the project tests that high again, that would be almost 20x for investors from here. Plus, the downside risk at this price seems lower than many crypto projects.
2) ALEX
ALEX calls itself the Financial layer for Bitcoin. ALEX allows for the building of financial apps like DeFi, DEXes, or BRC-20 protocols and tools. It does so by building on Stacks, the biggest and most popular Bitcoin Layer 2 chain.
Stacks is going through a huge upgrade right now that includes faster block times. Transactions don’t need to wait the full 10 minutes or longer to get included in a Bitcoin block. ALEX is going to be one of the biggest beneficiaries of this upgrade. There are also liquid staking options available too. Not for Bitcoin of course but for the $ALEX token. You can stake and get $liALEX or the Lisa Lab liquid staking token.
Source: X
ALEX also has a wrapped version of BTC called aBTC. It hasn’t been a major player yet in wrapped tokens but it could become one if the wBTC controversies continue. ALEX and Stacks are both building out a lot of what people see as only available in the Ethereum ecosystem.
But that’s no longer true. Many of these things are available on Bitcoin, too. And with Bitcoin’s better decentralization and security. We also expect ALEX to get a nice push from the Bitcoin-related meetups and panels that are part of Korea Blockchain Week taking place this week.
Price Action
$ALEX has a market value of $90 million. 80% of its total supply is in circulation now. Although $ALEX has had a rough last 30 days down 22%, it is still up 97% for the last 12 months. So while $ALEX is a small cap, it’s no longer a secret. People are discovering it and using it.
3) Clearpool (CPOOL)
Our last one for today is Clearpool. You may have noticed that the theme today was not just low caps but low caps in hot, growing sectors. Oraichain is AI. Alex is Bitcoin Layer 2.
And Clearpool is RWA. All narratives we like and are pursuing actively.
Source: X
So Clearpool is a decentralized credit platform. This means lending but without 100% or more collateral requirements like most of DeFi does. Clearpool is one of the first protocols diving into the institutional lending side of the RWA sector. They’ve originated over $600 million in loans so far. As an investor, you have 2 choices:
- Credit Vaults.
- Dynamic Pools.
In a vault, you are paid like a CD. A fixed interest rate on your USDT or USDC for a fixed period. All the vaults are paying 11% or more so that’s a nice return on your stables. One thing to note, depending on who the borrower is and their compliance requirements, you may have to KYC to invest in a vault. 3 of the 4 vaults listed on this page DO NOT require it though, so you do have options.
The dynamic pools allow you to invest or withdraw at any time. They pay a little less for the added flexibility, as you’d expect from other markets.
Price Action
CPOOL is the smallest of the 3 today with a $68 million market cap. Like the others, its last 30 and 90 days haven’t been so great with losses of 17% and 33% respectively. Despite the recent downtrend, the $CPOOL token is up a whopping 577% in the last 12 months. And that is still a far cry from its ATH of $2.55, which would be a 20x from here.
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 risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to 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.
