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Cryptocurrency News Articles

Altcoin Picks as Bitcoin Leads Crypto Market Dip: 6 New Crypto Coins Set to Explode Before 2025

Aug 05, 2024 at 11:00 pm

AltcoinDaily bases his altcoin choices on the Federal Reserve's (Fed) possible pivot in September. In his opinion, this could kickstart an altcoin season

Altcoin Picks as Bitcoin Leads Crypto Market Dip: 6 New Crypto Coins Set to Explode Before 2025

A popular crypto analyst has picked five altcoins that he believes are set to explode before 2025. The picks are based on trends in the crypto market and his analysis of the potential for each token.

The analyst, known as AltcoinDaily on X and YouTube, believes that the Federal Reserve’s (Fed) possible pivot in September could kickstart an altcoin season, with Ethereum (ETH) and Solana (SOL) being among the sure bets.

“Beyond ETH and SOL, I also foresee six new crypto coins set to explode before 2025. These tokens are positioned to benefit from emerging trends and have the potential for massive gains,” he said.

Here are the five altcoins that AltcoinDaily has his eyes on:

1. Aethir (ATH)

Aethir is emerging as an important player in the DePIN (decentralized physical infrastructure networks) space. Its potential to build scalable decentralized cloud infrastructure for gaming and AI is a key fundamental. As a GPU marketplace, Aethir is well-positioned to benefit from the AI sector’s GPU demand, which drives DePIN projects offering cost-effective decentralized infrastructure.

Sustained by the pressure of GPU computing from tech companies, production limits, and growing demand due to AI provide tailwinds. In this regard, other altcoins in the sector that may be of interest include Filecoin (FIL), Render (RNDR), Akash Network (AKT), and io.net (IO).

2. Ondo Finance (ONDO)

Described as “institutional grade finance on-chain for everyone,” ONDO is another token that AltcoinDaily believes is primed for gains before 2025. His optimism is driven by BlackRock CEO Larry Fink’s statement that the tokenization of financial assets is the future.

This selection comes as Real World Assets (RWA) enjoyed a key narrative in 2024, being among the leading trends in the industry. Notably, the Ondo Finance ecosystem enjoys backing from TradFi titans such as Founders Fund, Pantera Capital, and Coinbase.

“Projects like RWA and DePIN, which integrate productive assets from the physical world such as CPUs, GPUs, WiFi routers, dash cameras, and personal weather stations under leading DePIN initiatives, are likely to follow a different trajectory. As these projects scale in terms of users and adoption, their protocols should mature into valuations that traditional investors find more understandable,” Fluence Co-Founder Tom Trowbridge recently told BeInCrypto.

ONDO peers in the RWA sector that may also be of interest include Propy (PRO), TrueFi (TRU), and OriginTrail (TRAC).

3. Lukso (LYX)

This altcoin is a blockchain built for social, cultural, and creative dynamics, which are key to unifying digital lives. It is an Ethereum-twin blockchain with a new set of standards and protocols, leading the analyst to describe it as “a better Ethereum.”

“Applications such as FriendTech and the rise of SocialFi made a big presence in 2024. As the social aspect of blockchain continues, Lukso is a protocol to watch,” AltcoinDaily indicates.

Capital inflows into LXY could spill over to peer SocialFi tokens such as LimeWire (LMWR) and Roundtable Token (RTB), formerly BBS, which is the reward token for the Roundtable forum.

4. AIT Protocol (AIT)

The AIT Protocol utilizes train-to-earn models to enhance artificial intelligence (AI) development. It entails training AI models using blockchain to create a decentralized labor market for AI data annotation. Animoca Brands is among the protocol’s investors.

Amid growing demand and, therefore, adoption among Asian markets, BitPanda and BingX exchanges listed AIT only recently. The protocol has its version of ChatGPT, which is achieved through the Albert.AITProtocol.ai product, which solves complex math and logical questions.

“AIT Protocol is a hidden gem in the AI space,” the analyst added.

5. Foxy (FOXY)

This altcoin is the main meme coin in the Linea ecosystem, an Ethereum Layer 2 that makes transactions faster and cheaper. It is a peer for the Base and Arbitrum chains, with the analyst highlighting FOXY as an undervalued altcoin.

According to AltcoinDaily, Foxy is best positioned for gains over Base and Arbitrum for the remainder of 2024 because of Linea’s Consensys backing. Coinbase, which backs Base, does the same for Brett, which is present in the Base ecosystem. Therefore, with eyes peeled on meme coins, traders may consider Brett, Snek (SNEK), and Shiba Inu (SHIB).

AltcoinDaily also mentioned Off The Grid, a project by Gunzilla Games that is yet to launch. However, with sentiment around the game building up, especially among gamers, investors may also consider projects like ImmutableX (IMX), Stargaze (STARS

News source:beincrypto.com

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