Bear market on its last legs? Not so sure but 1 Bitcoin gained 27% Solana is up 72%, and Chainlink is up 44% since the start of October. But it’s by no means ‘alt season’ yet. So we still have an opportunity to buy altcoins that will explode in the coming bullrun.
In this article, I will be talking about 4 altcoins that I am 100% sure will survive the rest of the bear market and thrive in the bull market!
1) Render Network (RNDR)
Render Network is the first of today’s altcoins we cover. It’s active in the AI space. It provides decentralized GPU (graphics processing units) computing power. That’s very lucrative since AI uses a lot of GPU computing power. So, Render is a P2P (peer-to-peer) marketplace for spare GPUs.
You can access near unlimited decentralized GPU compute power from a #MacBook with the @rendernetwork! https://t.co/OT96JdZ9Le
— The Render Network (@rendernetwork) October 31, 2023
However, their servers run on AWS and the Google Cloud Platform (GCP). Which, in all fairness, is not very decentralized. It’s also a permissioned system. In other words, not everybody can take part. Nonetheless, in late October, the Render community voted on a proposal. They voted in favor of adding the Beam Compute Client proposal by 99%.
This gives AI operations with GPU an advantage. Development can deploy faster without having to deal with the infrastructure. For example, machine learning workloads will increase. This, in turn, should reflect positively on the RNDR token price. The token price already did well, year-to-date. It increased by no less than 367.5%. During the last 7 days, the price is up by 28.7%, and over 30 days we see a 70% increase.
Peek into the cutting-edge intersection of spatial graphics, AI, GPU compute, and the @RenderNetwork in our weekly digest!
Let’s dive in!
— The Render Network (@rendernetwork) October 27, 2023
2) Kaspa (KAS)
Kaspa is a Proof-of-Work blockchain that uses the GHOSTDAG protocol. 2 Traditional blockchains can orphan new blocks if created in parallel. However, Kaspa’s blockDAG (a Directed Acyclic Graph) lets them coexist. You can see how that works in this visualizer. The chain is fast, with 1 block per second. However, the team is eyeing 34 blocks per second and eventually 100 per second.
Introducing $KAS X @Tangem custom-designed #Kaspa Cards!
Now available for pre-order!
https://t.co/S4xZo7L5FbAnd don't forget to use your exclusive KASPA10 discount code to save 10%!
"Tangem is a card-shaped self-custodial #coldwallet which gives you complete… pic.twitter.com/1ic6bxrsvm
— Kaspa (@KaspaCurrency) October 2, 2023
One of the projects in the Kaspa ecosystem is Chainge. This is another project to keep an eye out on. With the Chainge Wallet, you can make fast and easy KAS payments, you only scan a QR code. The KAS coin saw a fair launch. In other words, there were no pre-sales or pre-allocations. The coins’ recent price increase was modest.
Over the last 7 days, we saw an increase of 4.6%. Over the last 30 days, this was 8.1%. However, when we look at the year-to-date price development, we see an increase of, 2569%. That’s stunning.
#Kaspa Miners rejoice!@AntPoolofficial is thrilled to introduce its dedicated Kaspa mining pool. In line with their commitment to delivering top-tier services, they are excited to offer a competitive 0.5% PPLNS payout scheme for $KAS mining.
Start here:… pic.twitter.com/ho7LWCIJvh
— Kaspa (@KaspaCurrency) September 6, 2023
3) Akash Network (AKT)
We’re at altcoin #3, Akash. It runs on the Cosmos Hub and is part of the IBC. Similar to Render, it’s active in the compute market. It also has a decentralized marketplace for cloud computing. In contrast to Render, Akash is fully decentralized.
As we already know, AI and its machine learning need lots of this computing power. The way things look right now. AI will only grow. That means that platforms, like Akash, will also grow.
DePIN is now a $7.3B market.
Akash and other infrastructure networks have contributed significantly to this growth — which comes right as @ovrclk_ and ThumperAI are set to train the first foundation AI model on distributed compute. https://t.co/JPVNS2eo6Z
— Akash Network (@akashnet_) October 31, 2023
Akash offers a Supercloud. This uses 85% of computing power that already exists but is not used by existing data centers. A string of recent positive events on Akash saw the token take off in August. A price correction followed, but now the token is on fire again.
During the last 7 days, we saw a 17.5% increase in the AKT token. Make that 30% over the last month. A year-to-date gives us a 307% increase. It seems there’s more to come. To get to the ATH of $8.07, it requires an 8x. I am not surprised if it can do more than that.
SDXL on Akash has reached and surpassed 20,000 images generated.
Usage is steadily increasing day-over-day. https://t.co/acjaGcwDUX
— Akash Network (@akashnet_) October 27, 2023
4) The Graph (GRT)
Meet the Google of blockchains; The Graph! It’s an indexing system and the last coin to cover of today’s altcoins. As such, it allows developers to find data from blockchains. As a result, developing Dapps becomes easier. It makes life for developers easier by implementing 3 steps. Data from other blockchains is, for example: Collected, organized, and stored.
The Graph Network delivers best in class performance, low query costs, reliable uptime, redundancy and fast syncing speeds.
Now it’s time for everyone to take advantage of the benefits of upgrading to the network!
This announcement unveils an updated plan for the sunrise of… pic.twitter.com/8iHduepTqZ
— The Graph (@graphprotocol) October 31, 2023
Its token, GRT, has a great use case. You pay with GRT for your queries, so there’s always demand for the token. Well, at least as long as devs keep using the platform. The Graph is built on Ethereum and currently supports over 40 networks. These also include non-EVM chains, like Cosmos.
The Graph is fast and the data loads in milliseconds in your apps. Meanwhile, the Graph’s team keeps building. They keep adding new features to the platform.
The Graph Foundation is hosting the inaugural Datapalooza, a day focused on web3 data innovations, at @EFDevconnect in Istanbul on Nov. 13th!
The event will cover R&D and tooling in The Graph ecosystem and across web3, focusing on use cases for dapps, analytics, tooling, LLMs… pic.twitter.com/0HlumF6wRE
— The Graph (@graphprotocol) October 16, 2023
The GRT token saw modest improvements recently compared to other projects. During the last 7 days, it went up 27.7%, which is good. However, the 30-day increase is ‘only’ 24.2%. From the year-to-date perspective, it’s a 29.1% increase. Still, this project is solid as a rock.
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