Top Seven Polkadot Altcoins for Potential High Returns in 2024
In the most recent installment of “A Chain Of Blocks,” the host/analyst turned the spotlight on seven Polkadot altcoins that are currently flying under the radar. Emphasizing the need for swift action, he urged viewers to invest in altcoins poised for a surge in the wake of the Bitcoin halving. Here are the altcoins that made the list:
1. Phala Network: Pioneering the integration of AI, Phala Network introduces the concept of a co-processor to improve scalability and security by transferring complex tasks off-chain. Additionally, the project is working on developing an AI agent economy that combines the intelligence of AI with the decentralization of blockchain technology.
2. 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, thereby enhancing utility and interoperability across multiple chains. The platform has experienced significant growth in 2023, with the introduction of new liquid staking tokens and an increase in total value locked (TVL).
3. Manta Network: Drawing attention as a Polkadot parachain, Manta Network is designed to support the next wave of Web 3 applications by utilizing zero-knowledge proofs, an encryption method that allows one party to prove something to another without revealing additional information.
4. BitTensor: Highlighting one of the most compelling projects in the crypto space, BitTensor’s TOA token has surged by over 700% in the past year. BitTensor represents early-stage decentralized AI development and provides smaller companies with the potential to compete with larger organizations in accessing top-level AI tools.
5. Polimec: Revolutionizing Web 3 fundraising, Polimec addresses real-world problems and leverages the functionality of other Polkadot parachains. The project has achieved significant milestones, including a successful token generation event for the upcoming PLM token, enabling staking, and launching Polimec governance.
6. Origin Trail: Introducing the concept of the Verifiable Internet, Origin Trail aims to leverage blockchain technology to create a transparent and trustless digital ecosystem where information used by AI systems can be easily verified and authenticated.
7. NeuroWeb: Lastly, NeuroWeb is a project that harnesses the power of Origin Trail. It is a decentralized AI blockchain designed to incentivize knowledge creation through knowledge mining, which involves producing high-quality blockchain-tracked knowledge for AI.
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