Altcoins
List of Seven Polkadot Altcoins for Big Gains in 2024
In the last episode of “A blockchain” the host/analyst focused on seven undervalued Polkadot altcoins. He said we need to act quickly and buy altcoins that are expected to rise due to the Bitcoin halving. Here is the list of altcoins:
Exhibit 1: Phala Network
Phala Network, which advances AI integration, introduces the concept of coprocessor, improving scalability and security by offloading complex tasks off-chain. They are also developing the AI agent economy, combining the intelligence of AI with the decentralization of blockchain.
Exhibit 2: BiFrost
Bifrost, a non-custodial Omni-chain liquidity staking derivatives (LSD) protocol on Polkadot. Bifrost allows users to stake assets and receive voucher tokens (V-tokens) in return, improving utility and interoperability across multiple chains. Bifrost saw major growth in 2023, with new liquid staking tokens and an increase in total value locked (TVL).
Exhibit 3: Manta Network
He added that the third project to consider is Manta Network, a Polkadot parachain that is attracting a lot of attention. Manta is designed to support the next wave of Web 3 applications by leveraging zero-knowledge proofs, a type of encryption that allows one party to prove to another that something is true without revealing any additional information.
Exhibit 4: Bit tensor
He then said to look into one of the most interesting projects in all of crypto: BitTensor. The TOA token has grown by over 700% over the past year. BitTensor represents decentralized, early-stage AI development, providing small businesses the opportunity to compete with larger organizations by accessing high-level AI tools.
Exhibit 5: Polimeca
He then discussed Polimec, a game-changing project in Web 3 fundraising. Polimec has a unique use case that tackles real problems and leverages features of other Polkadot parachains. The project has progressed, including a successful token generation event for the upcoming PLM token, enabling staking and the launch of Polimec governance.
Exhibit 6: Original trail
Origin Trail introduced the concept of the verifiable Internet. The goal is to leverage blockchain technology to create a transparent, trustless digital ecosystem where information used by AI systems is easily verified and authenticated.
Exhibit 7: NeuroWeb
Finally, he presents NeuroWeb, a project leveraging the power of Origin Trail. NeuroWeb is a decentralized AI blockchain designed to encourage knowledge creation through knowledge mining. Knowledge mining involves producing high-quality knowledge tracked by blockchain for AI.