Altcoin Gems - The Blockchains That Will Change The World

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2 Feb 2024
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The Inevitable Shift
Pioneers and visionaries see future realities as if they exist today. It’s difficult for many to envision what is about to unfold within the Crypto realm, even though it has been consistently unfolding for more than a decade. Altcoins have been surging to positions of prominence and significant adoption, especially in the past three years. Future gems are hiding in plain sight, and yes, they will change the world. Just the other day I was reading through an old article I published all the way back in 2020.
I was addressing MATIC and suggested that it was a coin to accumulate for the next bull market. At the time, Polygon was trading at approximately $0.02, if I recall correctly. Polygon is currently ranked number 12 by market cap and reached an all-time high of $2.92 in 2021. The project has since gone on to secure major partnerships with leading brands. As you can tell, blockchain-based projects really are changing the world.
It’s not merely a catchphrase aimed at ensuing hype. It’s a reality, the world is changing, and certain blockchain projects are going to play a key role. If you consider the gains often seen in the altcoin market to be nothing more than hot air, I would encourage you to consider the following: Projects that are going to be foundational in the world of tomorrow are currently entering the market at valuations of practically zero.
What do you think happens to the price of an asset when it begins to realize the effects of its future value and it has a current valuation of practically zero? Yes, for sure, much of the garbage gets to come along for the ride and certain memecoins gain cult-like followings that propel them into the limelight, and oftentimes, the Top 20. However, there are projects that deserve the appreciation they experience.
The Value Ratio
It’s important to look at the market cap in relation to what the project offers and provides, in terms of utility and real-world solutions. Even after an enormous spike in price, a project can still be seriously undervalued, in relation to what it has to offer, and how it can enhance both society and the world of commerce. Even though ChainLink experienced its initial “glory days” in 2020, the project is still very much underrated and undervalued, in my opinion.
There are many new projects that are going to soar to positions of prominence in the upcoming bull market. Why? Because they are literally going to play key roles in the inevitable shift. We have looked at a number of Layer 1s over the past weeks, and I will soon be delving into the world of AI. Just to be clear, these are projects I am looking at for 2025 and perhaps even 2026. Just because Taraxa had an early start does not necessarily imply that everything is going to rally the moment it is published.
Taraxa was enormously undervalued and the initial boom of 1400% only served to push the market cap into the $50 million zone, which is still nothing. However, this project is now in the public eye, and I would expect it to continue doing well. A few decent corrections could make for some good additional entry points. The trading volume is now pretty healthy. From approximately $70K per day to a little under $10 million is a serious boost in volume, and subsequently, interest and attention!

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Final Thoughts
My altcoin picks are actually projects that I have researched and have begun accumulating. This is not investment advice. I choose to share my journey, as well as my knowledge gained over almost a decade in Crypto. Essentially, Sapphire Crypto is a documented journey… and hopefully, some helpful insights. Please endeavor to conduct your own research and due diligence. Certain projects are going to make life-changing investments. Hopefully, we find them! See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.

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