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With November 2022 approaching, the crypto industry is also nearing a full year of the bear market that has been pushing the crypto prices down. The bearish influence comes after about a year and a half of significant price surges that have led digital coins to the highest price levels and entirely new milestones, and now, the market is simply pushing through the bearish part of the cycle.
And while the prices have been in trouble for a long time now, the development continued without interruptions. In fact, development is typically at its strongest when the market prices are challenged, and that is usually when people start paying attention to the technical details involving different projects, and not just charts and price movement. With that said, the projects with real potential and the most work done during the bear period are usually among the first and strongest gainers once the bulls take over once again, and today, we decided to take a look at the top 15 lower ranking altcoins we expect to see skyrocket in the future. The ones that we are particularly optimistic about include the following.
The first on our list is Phantasma — a fully interoperable and decentralized feature-rich project that runs on its own blockchain and has a number of noteworthy features. Some of those include a highly innovative staking mechanism, a sustainable tokenomics model, a dual-token system, as well as advanced eco-friendly smart NFTs.
The idea is to use the chain and its features for digital goods and services, as well as communication, marketplaces, entertainment, on-chain storage solutions, and a variety of similar use cases.
To learn more visit our Investing in Phantasma guide.
2. AIOZ Network
Moving on, we have AIOZ Network, which is a distributed content delivery network created on top of a blockchain. The project has its own native chain, and it allows users to share redundant memory, bandwidth, storage, and other resources that enable the creation and powering of a vast CDN that can run entire streaming platforms anywhere around the world.
The end goal of the project is to revolutionize the way people stream videos. Essentially, it will function like regular CDNs, only it would be fully decentralized, and it would not deliver content from the closest servers but the nodes that are used to store and deliver said content.
To learn more visit our Investing in AIOZ Network guide.
Fetch, also known as Fetch.AI, is an artificial intelligence lab that aims to create an open, decentralized, and fully permissionless machine learning network within the crypto economy. It democratizes access to AI tech by offering a permissionless network where anyone can connect and access secure datasets. This would also be done through AI, which would execute tasks that leverage its global network of data.
The project’s model is rooted in a number of interesting use cases, such as optimizing DeFi trading services. Smart energy grids, transportation networks, travel, and more.
To learn more visit our Investing in Fetch guide.
In the fourth spot, we have a project known as Propy, which is Ethereum-based crypto that aims to allow users to buy and sell homes easily and with greater security. It is a project powered by Web3 technology, and it claims that it is the future of the real estate.
The project was imagined to allow agents, buyers, and sellers from all over to use the project and enjoy its simplicity and security. You could buy and sell homes via bank transfers, cryptos, or even NFTs, while Propy would enable seamless transfers, blockchain-enabled privacy and security, and other benefits.
To learn more visit our Investing in Propy guide.
The fifth on our list is Amp, which is a new digital collateral token that offers verifiable, instant assurances for any kind of value transfer. Essentially, through this project, networks would be able to quickly secure transactions for many different asset-related use cases.
The way it was imagined to work is that Amp would have a system of collateral managers, and collateral partitions. Partitions would be used to collateralize accounts, applications, and even transactions, while managers would be smart contracts that can lock, release, and redirect collateral when needed.
To learn more visit our Investing in Amp guide.
6. Harvest Finance
Next up, we have Harvest Finance. As the name suggests, this is a harvesting protocol, designed to enable automatical farming of the highest yield available from the newest DeFi protocol. It then optimizes the yields that are received by employing some of the latest farming techniques.
It also has its native token, FARM, which acts as a native governance token for the Harvest’s ecosystem. Holders can use it to vote on various proposals, and in return, they also receive the 5% fee from Harvest operations. All in all, it is an interesting project that deserves attention and consideration.
To learn more visit our Investing in Harvest Finance guide.
7. Reserve Rights
Reserve Rights is another ERC-20 token that has two main purposes. It works as an insurance token for the Reserve Protocol’s Reserve Stablecoins, and it does this through staking and governing them via proposing and voting on changes to their configuration.
Reserve Rights token was also imagined to be a governance token for the stablecoins, the so-called RTokens. With RSR, users can propose changes and vote on other proposals to help make decisions for the project. Furthermore, the project’s staking was designed to last, using a model where late participants do not pay for early participants, and nobody needs to trust in the staking of other parties.
To learn more visit our Investing in Reserve Rights guide.
8. Baby Doge Coin
Halfway down the list, we have Baby Doge Coin. This is another memecoin that was inspired by Dogecoin, the original, which was created in 2013 simply as a joke, with no real use cases or the intention to make it a lasting project. However, Dogecoin became a hit in the crypto community and its favorite crypto, which led to a number of projects copying it, especially over the last few years.
While Baby Doge is another project inspired by it, it does hold potential thanks to the fact that it plays on users’ emotions. Simply by being new and cute, it has attracted major attention, although it has a lot more room to grow, and we believe that it will happen with the next bull run.
To learn more visit our Investing in Baby Doge Coin guide.
In the ninth spot, we have Holo — a P2P distributed platform that uses Holochainn to host dApps. Holochain is a framework for dApp development that does not require the use of blockchain technology, and its goal is to act as a bridge between the apps using Holochain and the broader internet. Essentially, it offers an ecosystem and marketplace where users can easily access dApps without having to get involved with the blockchain as well.
Holo’s green paper explains that the token was designed to be a bridge between Holochain, which represents the world of crypto, and everyday users. In other words, while most projects are trying to bring people to the blockchain, Holo is bringing the blockchain products to them.
To learn more visit our Investing in Holo guide.
10. Basic Attention Token
Moving on, we have Basic Attention Token, or BAT. This is a native cryptocurrency of the Brave Browser — a browser whose goal is to revolutionize advertising on the internet. In regular browsers, users are bombarded with ads all the time, to the point where many had to use ad-block extensions just to be able to get what they want without having to sit through numerous ads.
Brave blocks them all by default, and it offers companies to submit their ads to its program, where users can only view them if they want to. In exchange, however, users are rewarded with a small amount of BAT tokens which they can use for tipping their favorite content creators. Brave has been growing in popularity throughout the years, but we believe that its time to shine has yet to come in full.
To learn more visit our Investing in Basic Attention Token guide.
Next up, we have Songbird, which is a canary network for another project called Flare. Flare was built for universal connectivity, featuring the first new blockchain interoperability primitive, which brings better bridging, full cross-chain composability, and seamless decentralized integration with Web2 data.
And, just like Kusama is the canary network for Polkadot, so is Songbird for Flare, enabling a place for development and testing so that anything that proceeds from to Flare chain will be in perfect working condition right away.
To learn more visit our Investing in Songbird guide.
At number twelve, we have STEPN, which is a project that managed to connect health and crypto with more success than any other project of this kind. It did so by offering NFTs, each of which grants users digital sneakers. By owning them in their phone wallet and then going out for a walk, jog, or running, users are generating STEPN tokens.
In other words, the tokens serve as an initiative to lead a healthier lifestyle, move around more, and get involved with non-fungible tokens. The NFTs are easy to obtain and use even for people from outside of the crypto industry, and since they are as rewarding as they are, they are also a great way for people to enter crypto.
To learn more visit our Investing in STEPN guide.
13. Celer Network
Celer Network is a blockchain interoperability protocol that allows users to access tokens, GameFi, governance, NFTs, DeFi, and other blockchain products and aspects across multiple chains, all with a single click. The way it was imagined to work is by allowing developers to build inter-chain dApps through the use of Celer’s Inter-chain Messaging Framework.
This allows them to gain access to more efficient liquidity utilization, shared states, and coherent application logic. Meanwhile, the dApp users benefit by having access to a diverse multi-chain ecosystem with the simplicity of a single-transaction UX.
To learn more visit our Investing in Celer Network guide.
Nearing the end of the list, we have Tellor, which is a decentralized oracle protocol. Oracles are a crucial part of the blockchain infrastructure as they can deliver off-chain data to the blockchain and make it available for smart contracts. As a result, smart contracts can be executed as soon as the terms of the contract are met, which increases their precision and makes them more useful to the users.
However, it is important for the data to be trustworthy, which is why Tellor collects it from multiple sources and validates it before delivering it to its final destination.
To learn more visit our Investing in Tellor guide.
15. Convex Finance
Convex Finance is a decentralized finance protocol that allows Curve liquidity providers to earn a share of Curve’s trading fees without having to stake liquidity. Instead, LPs can stake with Convex Finance and receive boosted CRV in exchange, alongside liquidity mining rewards.
That way, CRV stakers get greater capital efficiency, and Convex Finance is positioned as an important player in the Curve ecosystem. The project has already entered a rather competitive race to obtain as much control as it possibly can of the Curve stablecoin exchange, as more CRV tokens will mean greater interest rates.
To learn more visit our Investing in Convex Finance guide.
And with that, we conclude yet another list of altcoins that you should definitely keep an eye on in days, weeks, and months to come. We cannot claim with certainty that any of them will truly take off, as there are no certainties in the crypto industry, and anything is subject to change in a blink of an eye. However, we have high hopes for these projects, and we recommend checking them out and carefully tracking their progress. And, if your own research suggests that they are good quality projects that you should invest in, you can always choose whether or not to do so on your own.