Let's start with a disclaimer. This article is based on my personal views and is not a recommendation to invest, buy or sell any cryptocurrency projects. The crypto market is highly volatile and you might end up losing all your investment. So before Investing, always DYOR
Has Altseason begun?
We saw a massive upsurge of dogecoin in the previous week. This pump was led by a viral video posted by a TikTok user named James Galante, who encouraged other TikTok users to invest in dogecoin claiming they could “all get rich” by pushing its value to $1 per coin. This lead to a massive pump in dogecoin. This pump was seen by a majority of the crypto junta as a symbol of the beginning of Altseason
As per OKEx CEO Jay Hao,
During a bull market, most people will buy Bitcoin first, but they will later sell their Bitcoin to buy altcoins. During a bull market, altcoins’ trading volume continues to rise, and Bitcoin’s trading volume begins to decline.
If truly Alt season has started, we can see an increase in altcoin volume and can see projects with strong fundamentals showing a massive performance.
In this article, I am listing a couple of upcoming projects( Which has not been listed anywhere officially ) that have t strong fundamentals and could perform well once the listing happens. I am purposefully omitting Facebook’s Libra project Since its unclear if the cryptocurrency would be launched this year.
Cypherium is an enterprise-ready blockchain project, which is designed to be highly scalable and robust which utilize a hybrid design that features a joint Proof-of-Work (PoW) and HotStuff (Also adopted by Facebook’s Libra) consensus mechanism that can allegedly achieve thousands of transactions per second without sacrificing decentralization. Cypherium is designed in such a way to focuses on achieving scalability, decentralization, and commercialization viability.
Cypherium has stared the development of the project in 2016 and they are all set to launch their mainnet in the coming months. They have recently concluded 1st round Initial Mainnet Offering (IMO) and now running the final round of IMO. They have also made Cypherium Enterprise available as Blockchain-as-a-Service for enterprise customers through the stack platforms of Google, Amazon, Microsoft, and IBM .
Cypherium also boasts partnerships with Google, IBM, Randstad, Amazon, Microsoft, etc. Among these partnerships Randstand takes away the cake as Randstad will be using a combination of Cypherium blockchain and Google Cloud to match talent to corporate needs more efficiently and free up teams to do more value-added work.
Apart from being a frontrunner in the enterprise domain, Cypherium is also a founding member of OMFIF Digital Monetary Institute(DMI), a global central banking think tank and also now actively developing Digital Currency Interoperability Framework (DCIF), which seeks to address various challenges facing the adoption of Central Bank Digital Currencies (CBDCs).
Cypherium is expected to be made available for retail investors in early Q3, either as an IEO or directly launched with a centralized exchange and will be a great addition to once portfolio.
Keep Network was founded in 2017 by Matt Luongo and Corbin Pon. Keep Network, has closed a private $7.7M token sale led by Paradigm, Fenbushi Capital, ParaFI Capital, A.Capital, and Collaborative Fund.
The Keep Network is an open-source contributor to the tBTC project, which enables Bitcoin-based assets to be deployed on the Ethereum blockchain. It features off-chain containers for private data called keeps. The network randomly assigns keeps to a system of participants, called signers, that help store and manage these data containers. Keep’s core application, the Random Beacon, provides this source of randomness and aims to ensure an individual signer cannot decode the information stored in the network. Each participant stakes KEEP tokens to act as a signer in exchange for a service fee.
Recently Coinbase has officially informed that it is looking into a bunch of new assets to be listed in Coinsbase which included KEEP Network as well. So far the project has not been listed in any exchange and is traded only in DEX like Uniswap, Loopring etc.
Aleph.im is founded by Moshe Malawach, is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph offers a decentralized solution that could rival traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer to peer network and program language-agnostic interface.
Aleph.im aims to revolutionize IoT, the web, and the cloud as we know it by being the first cloud-native blockchain. What makes Aleph attractive is that it is the first project of its kind which allows any developer to build big applications hardware devices that can talk with a powerful distributed cloud (aleph.im!) and many others.
So far there has not been an official listing, but the token is been traded at Uniswap and other DEX and has a huge fan following from the crypto community.
Defi Money Market (DMM)
DMM is an upcoming DeFi project which aimed to build a decentralized protocol to earn interest(yield) on any Ethereum digital asset by lending them for the real-world assets like Vehicles, real-estate, etc.. as collateral. DMM is built on the Ethereum blockchain that bridges interest-generating real world assets into the Decentralized Finance (DeFi) ecosystem in a transparent, trust-minimized, overcollateralized, and permissionless manner
Investors will be able to lock their fund (ETH, DAI, USDC) in DMM protocol, DMM will lend them to borrowers for real-world assets as collateral and profit generated will get distributed to investors as interest.
Backed by Billionaire VC Tim Draper, DMM has recently concluded its ICO, raising $6.5 million in 48 hours. So far there has not been an official listing, but the token is been traded at Uniswap at the rate of $1.2 over four times the initial sale price of $0.36.
Polkadot, like Cosmos, seeks to address the well-known problems of scalability and interoperability. The project presents itself as a complementary and non-competitive technology to networks such as Bitcoin or Ethereum. Polkadot seeks to implement an Internet where independent blockchains can exchange information and transactions via the “relay chain” with principles of scalability, governance, and interoperability.
What makes up the network can be private, consortium or public. Polkadot uses a Proof-of-Stake implementation to provide an economic incentive to secure the system.
Polkadot is not a new project. It has raised $145 million in 2017 at the height of ICO rush. The biggest strength of Polkadot is Polkadot the team that boasts the talents of Ethereum co-founder Gavin Wood, Peter Czaban, the Technology Director of the Web3 Foundation, and Robert Habermeier, a Thiel Fellow.
Polkadot is expected to launch in the market after a long wait and will be an interesting addition to once portfolio.
The projects mentioned above are at the forefront of the new Altcoin season. that will sweep the crypto world in the coming months