Today, we’re looking at hidden gems in the market. I’m talking about those cool altcoins that are just waiting to be discovered or taken seriously. Do you know how sometimes the coolest stuff gets overlooked? Well, the same thing happens in our industry.
There are some amazing coins out there that aren’t getting the attention they deserve. You might have heard that the best time to invest is when things look really bad, and everyone else is scared to buy. But things aren’t that bad now. There’s no panic or fear. Still, some altcoins should be super popular and have tons of people buying them, but for some reason, they don’t. That’s why we’re here to check these altcoin gems and see why they might just be the next big thing.
1) Ripple (XRP)
The first on our list is XRP. XRP is within the top 10 crypto by largest cap And that’s a huge statement of its relevance in crypto. XRP is the cryptocurrency used by Ripple. It is a company that wants to make it super easy and fast to send money across the world.
But here’s the thing: XRP has had some ups and downs. There’s been a lot of legal drama around it, especially with a big lawsuit from the SEC in the U.S. This made a lot of people nervous and less interested in buying XRP.
Now, here’s why we should pay attention to XRP. Despite all the drama, Ripple has kept pushing forward. They’ve been partnering with big financial companies. Banks across the US, Canada, Brazil, Singapore, the UK, and Australia have partnered with Ripple. Ripple provides these banks with a fast means of cross-border payments.
Source: X
One cool thing about XRP is that it has a low correlation with Bitcoin. This means that when Bitcoin’s price goes up or down, XRP doesn’t always follow the same pattern. This makes XRP useful for portfolio diversification.
Another reason to watch XRP is its potential to double in value. We could see this if Ripple manages to resolve its big court case with the SEC. Donald Trump interestingly received donations in XRP. That’s a huge move for recognition.
Source: X
XRP has been up 27.34% in the last 30 days. So, even though XRP isn’t getting all the hype right now, it’s got some strong reasons to keep an eye on it.
2) Chainlink (LINK)
The next coin on our list is Chainlink. LINK ranks within the top 20 cryptocurrencies by market cap. Chainlink plays a huge role in the crypto market. It connects smart contracts with real-world data. Think of it like a translator that helps different parts of the internet communicate with each other. For example, if a smart contract needs to know the current price of gold, Chainlink can provide that information accurately and securely.
So, why is Chainlink flying under the radar? Well, one reason is that it’s not as flashy or well-known as some other cryptocurrencies. People often get excited about coins that promise big returns or have a lot of hype. But Chainlink is more about solid, behind-the-scenes work. Chainlink plays a huge role in the future of smart contracts.
Here’s the deal: if smart contracts keep getting more popular, Chainlink will too. And not just any smart contracts, but especially those involved with Real World Assets (RWA). This is a big deal because even the New York Stock Exchange (NYSE) is talking about using price feeds like Chainlink offers.
Source: X
Chainlink is also versatile. It isn’t limited to one chain. However, Ethereum accounts for the bulk of its activities. But, they’ve expanded support to other chains like Solana, Cosmos, and Polkadot. So, no matter where your transactions are happening, Chainlink is there to help.
Also, Chainlink has been quietly building partnerships and integrations with top companies and other blockchain projects. Some of their partners include:
- AWS.
- SWIFT.
- Google Cloud.
- AP.
- Swisscom.
LINK is 69.13% up in the last year. We could see LINK on a super run once the bull market fully kicks off. Time will tell
3) Control (CTRL)
Our next coin takes us to an old wallet with a new name, CTRL (Control) These guys make it easy to onboard anyone to crypto in just seconds. They aren’t exactly new. They were previously known as XDEFI. But recently rebranded to CTRL to make clear their service is available and accessible to anyone, not just advanced DeFi users.
So, are they under the radar? Yes, not everyone knows the value they bring. CTRL is pretty much different from most wallets like Phantom or MetaMask. Wallets like MetaMask and Phantom thrive in a single ecosystem; EVM and Solana. Although they service other chains, they don’t thrive in other areas. For example, both wallets do not support Bitcoin or Cosmos. But CTRL does. CTRL allows you to interact with over 1,800 dapps from supporting ecosystems.
Source: X
Their interface is also solid. Anyone can get into crypto with or without background knowledge. They also have a Gas Tank feature, enabling users to pay for gas fees on over 30 chains from their single balance of $USDC or $XDEFI (Ctrl’s token.) With this feature, you no longer have to bridge or buy tokens to pay for on-chain costs.
Why we think $XDEFI has massive potential
CTRLs $XDEFI token is one of our top picks for this summer. And here’s why:
- Their rebrand has huge potential. Rebrands are a change in direction for a project. And that new direction is completely unknown for them and us as investors. Sometimes when the new direction has worked out great for investors includes:
-
- Matic which rebranded to Polygon and did 80x.
- Ribbon which changed to Aevo and did 10x.
- Merit Circle became Beam and did 8x.
Here’s where it gets special. XDEFI is much smaller right now than these projects (less than 10M market cap). So, a rebrand will be a huge change for them.
We like their fundamentals. Let me explain this:
- It has a high circulating supply but low FDV
- You can use $XDEFI to pay for transaction fees on all major blockchains.
- It’s deflationary, which means they use 75% of the money they make to buy back the token and burn it. This reduces the supply.
They already have a strong community. Check this out: Over 300,000 people use it every week, which is more than some centralized exchange (CEX) wallets. And about 20% of the size of Trust Wallet’s browser extension. That’s not all. The likes of Animoca Brands, Mr Beast, and even Coingecko back CTRL. And hold some $XDEFI tokens.
They are making lots of improvements compared to MetaMask or Trustwallet. Both wallets haven’t done much in terms of recent upgrades. So they are possibly not catering to some modern needs. But CTRL is constantly updating. And adding new stuff.
Source: X
Some of their feature we like include:
- A unified portfolio that shows all your accounts and chains in one place.
- Setting up a wallet in just 2 clicks.
- I already talked about this. They have a gas tank feature that lets you pay for fees on all chains from one balance.
Big names like MetaMask, Phantom, and Rabby haven’t launched their tokens yet. When they do, they’ll probably be worth billions. So, people looking for a big opportunity with wallet tokens will naturally look at $XDEFI.
Ctrl’s product and branding are better than other wallets like Coin98 and Frontier. Coin98 is worth $250 million. Frontier is worth $80 million. So, it’s not crazy to think $XDEFI could be worth as much or more soon considering its fundamentals. And growing community Tell us what you think about this wallet in the comments below.
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.
