In the past month, cryptocurrencies have seen significant gains driven by growing institutional adoption and buoyant investor confidence, with Bitcoin spearheading the trend.
The next alt season is on its way and we’ll see altcoins hit new price ranges. Fortunately, some altcoins are trading far from their all-time highs and within an affordable range. So, it presents an appealing opportunity for investors to buy and hold before the next bull run. We’ve helped you research five altcoins we think you should consider.
However, this altcoin list is not investment advice. Instead, we want you to do your own research afterward and make a final decision. With that, let’s look at our list.
1) MNW (Morpheus Network)
Morpheus Network, powered by MNW, its native token, solves a real-world problem in the supply chain market. It currently offers one of the best technologies and methods to optimize the supply chain market. So, Morpheus’s use cases guarantee long-term value for the MNW token, which is a good reason to consider it.
Morpheus Network aims to address the shortcomings in the supply chain market as noted by the World Economic Forum by assembling specialists in international trade, information security, blockchain, and artificial intelligence.
Morpheus keeps a sharp focus on helping businesses and government agencies remove inefficiencies and hurdles so they can automate and optimize their supply chain operations. So, investing in $MNW has the potential to be profitable in the long run thanks to its fascinating and important use case.
The $MNW token powers the entire Morpheus Network. It functions as a currency and is used to settle payments as well as drive other areas needed to optimize trade. Let’s look at the current numbers:
- Price: $1.18.
- Market Cap: $44,238,416.
- Circulating Supply: 37,520,088.
- Total Supply: 47,897,218.
- Max Supply: 47,897,218.
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— Morpheus.Network (@MNWSupplyChain) July 10, 2023
MNW has previously demonstrated strong promise. The all-time high price of Morpheus was $5.46 at the height of the previous bull run. There’s a chance we could see this altcoin increase in the coming bull run.
2) AKT (Akash Network)
Akash is a decentralized cloud computing marketplace. It describes itself as a “DeCloud for DeFi” and provides a solution for developers to build decentralized applications with more effective, cheaper, and flexible cloud-based infrastructure.
The Akash Network makes use of a service model that takes control away from businesses and puts it more in the hands of end users while still being compatible with regular cloud service providers.
Akash Network was launched to provide a permissionless, sovereign, and open world for cloud computing. Its goal is to provide developers with more creative flexibility while developing their own products.
AKT is the native token of the Akash Network protocol. The token is used for governance and to incentivize participants. Let’s look at the numbers:
- Price: $0.543980
- Market Cap: $117,074,766
- Circulating Supply: 215,369,523
- Total Supply: 215,368,094
- Max Supply: 388,539,008
The Akash GPU Testnet has completed an incredible week of progress.
Multiple leading AI models were tested on an @nvidia A100 via the Akash GPU Testnet, bringing Akash one step closer to creating the #AISupercloud.
Here’s a summary of the AI & GPU progress from the past week:
— Akash Network (@akashnet_) May 26, 2023
The cloud computing market is highly competitive. However, people are becoming aware of the significant advantage of a decentralized provider over centralized ones such as Google Cloud, Amazon Web Services, and Microsoft Azure. This positions Akash for increased adoption.
3) LQTY (Liquity)
Decentralized lending and borrowing are two of the biggest DeFI activities. However, volatility remains a big concern. This means tokens can lose value while locked up if the market crashes. And that’s what Liquity seeks to resolve.
Liquidity runs a decentralized borrowing protocol built on Ethereum. It uses a USD-pegged stablecoin, LUSD. As a result, Ethereum holders have access to loans in the form of LUSD, and their redemption and loan issuance fees are also algorithmically adjusted.
Volatility is a huge problem in DeFi. And with Liquity solving that, it could be a major player in the coming alt season. Asides from solving volatility problems, Liquidity also has some features that make it appealing, such as:
- 0% interest rate
- The collateral ratio of 110%
- Governance-free
The LQTY token is used to incentivize front-end developers and reward stability providers. There’s no minimum lock period for LQTY. The network distributes rewards on a pro-rata basis. Here are its numbers:
- Price: $1.07.
- Market Cap: $97,721,126
- Circulating Supply: 92,734,66
- Total Supply: 100,000,000
- Max Supply: 100,000,000
In the last 30 days, $LUSD hardly moved from peg.
With a deviation of -0.08%, it is on par with any other #stablecoin out there.
And this trend is clearly visible on the 30d price chart.
2/3 pic.twitter.com/yA776H9HwX
— Liquity (@LiquityProtocol) July 11, 2023
LQTY is 99% down from its all-time high of $146.94, which was recorded during the last bull run. This could be the perfect time to buy this token. And judging from previous performance, we could see a surge in the coming months.
4) RDNT (Radiant Protocol)
Radiant is a lending protocol on Arbitrum. It’s currently number 3 in TVL, behind only GMX and Uniswap. Radiant seeks to be an omnichain money market where anyone can deposit any major asset on any major chain and borrow different major assets across chains.
Radiant allows you to borrow assets or provide liquidity on DAI, USDC, USDT, ETH, and WBTC. In addition, each crypto has an interest rate attached to it. Radiant has performed pretty well over the past three months, and we have it as one of our early gems. Here are its numbers at the moment of writing this article:
- Price: 0.287174.
- Circulating Supply: 276,881,074.
- Total Supply: 1,000,000,000.
- Max Supply: 1,000,000,000.
- Market Cap: $79,131,372.
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— ReHold (@rehold_io) July 10, 2023
Experts believe holding altcoins with real-world use cases is one of the best strategies to adopt. Radiant provides an impressive solution, which makes it a good buy.
5) MAV (Maveric Protocol)
Maverick Protocol is a DeFi infrastructure provider. It seeks to improve industry efficiency, powered by the Maverick AMM. Maverick helps DeFi users put their money where it can do the best work. Interestingly, Maveric has an impressive portfolio of backers and partners, such as:
- Pantera Capital,
- Coinbase Ventures,
- Binance Labs,
- Circle Ventures,
- Gemini, etc.
Maverick has a good design and use case. So, we believe there’s massive potential in holding the MAV token. Here’s a look at the numbers:
- Price: $0.357930.
- Market Cap: $89,487,066.
- Circulating Supply: 250,000,000
- Total Supply: 2,000,000,000
- Max Supply: 2,000,000,000
Liquidity Providers on @BNBCHAIN: capital efficiency ratio on Maverick on BNB chain is over 168% atm 👀.
🚀 Launch app: https://t.co/YjzFXsbURd pic.twitter.com/CrtIAm6mnH
— Maverick Protocol (@mavprotocol) July 11, 2023
These five altcoins have huge potential. However, a lot will depend on how the teams respond to the changing regulatory environment and maintains or improves their standards.
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