As the crypto market enters a new phase, the stage has been set for a potential bull run driven by the increasing wave of institutional adoption. The recent surge in interest from major financial players has led to a renewed sense of optimism among crypto enthusiasts.
As this surge in demand comes in the middle of the alt season, one of the most important tasks for crypto traders right now is to identify altcoins that can benefit the most from this trend.
In that light, Finbold has picked 5 lesser-known hidden gems that have the potential to deliver 10x returns in the next alternate season.
Inspired by a character from the “One Punch Man” anime series, Saitama (SAITAMA) is a cryptocurrency that emerged as an altcoin that emerged during the meme coin mania.
However, in June 2022, the Saitama token contract saw a major upgrade, bringing significant security features and performance improvements to improve the viability and longevity of the token.
But the most important part of the upgrade is SAITAMA’s shift from a meme coin to a utility token, giving it a functional purpose within its own ecosystem.
This month, more than half of SAITAMA’s total token supply has been permanently burned, leaving 45 billion tokens in circulation.
The sandbox (SAND)
Another altcoin that could flourish during the current alt season is The Sandbox (SAND), a cryptocurrency that combines the best features of blockchain technology, gaming, and the metaverse, presenting a promising opportunity for investors.
Created as a native token of The Sandbox, the SAND is a tool that can be used to build, control and sell the virtual world and gaming experiences.
This month, De Zandbak issued its Singaporean neighborhood of Lion City as part of its Asian expansion – an experience the metaverse developer has been working on for 9 months. The virtual neighborhood consists of 512 virtual non-fungible tokens (NFTs).
Built on top of the Cosmos blockchain, Osmosis (OSMO) is a decentralized AMM exchange (DEX) focused on the InterchainDeFi movement – the emerging trend of connecting multiple blockchain networks to enable seamless interoperability and the integration of decentralized financial (DeFi) protocols over different chains.
Osmosis accounts for about 40% of all transactions that take place between blockchains on Cosmos.
OSMO refers to the Osmosis exchange’s native token, which plays a vital role in governing the platform and incentivizing participants to provide liquidity and stake their tokens.
Its importance lies in enabling decentralized governance decisions and promoting liquidity provision, facilitating the efficient operation of the Osmosis DEX and stimulating the growth of the ecosystem.
Fantom (FTM) is a blockchain network often compared to Ethereum (ETH) because it aims to provide developers with a scalable framework to design, develop and launch decentralized applications (dApps) and crypto projects that enable smart contracts.
Through the use of its native crypto asset FTM, Fantom plans to revolutionize the blockchain industry and address some of the issues facing more mainstream blockchains. With its low network fees and one-second transaction finality, Fantom has gained robust support from established crypto projects such as Curve, CREAM, and SushiSwap.
Meanwhile, FTM plays a vital role in achieving Fantom’s objectives as it helps secure the network through staking, governance, payments and fees. That said, it represents another altcoin that could explode if Fantom manages to reach mainstream adoption.
VeChain (VET) is a blockchain platform that focuses on supply chain management and business solutions. It aims to improve transparency and traceability by using blockchain technology to track and authenticate products throughout their lifecycle.
The platform’s native token is VET, which serves as a means of value transfer, governance, and rewards within the VeChain ecosystem.
VET can attract investor attention for several reasons. First, VeChain has established partnerships with leading companies and organizations including PwC, DNV GL, and Walmart China, highlighting its credibility and real-world adoption potential.
Further, the platform’s focus on supply chain management addresses a key pain point for businesses, providing them with improved efficiency, lower costs and greater confidence in their supply chains.
These factors combine to make vocational education and training an intriguing investment opportunity for those interested in the intersection of blockchain technology and supply chain management.
In summary, SAITAMA, SAND, OSMO, FTM and VET offer unique features and benefits that can bring them up to 10x profit. With real-world adoption and innovative use cases, these tokens could be poised for success in the upcoming alternate season.
disclaimer: The content on this site should not be considered investment advice. Investing is speculative. Your capital is at risk when investing.