: HBAR and ICP: The intersection of the top 3 trends in Web3

Kyren, known on X (formerly Twitter) as noBScrypto, recently pointed to Hedera (HBAR) and Internet Computer (ICP) as undervalued assets among prominent trends in year 2024.

A prominent analyst, known as Kyren on X (formerly Twitter) and noBScrypto, recently highlighted Hedera (HBAR) and Internet Computer (ICP) as undervalued assets amid the emerging trends of 2024.

A prominent analyst, known as Kyren on X (formerly Twitter) and noBScrypto, recently highlighted Hedera (HBAR) and Internet Computer (ICP) as undervalued assets amid the emerging trends of 2024.

According to Kyren, these promising altcoins stand out for their ability to capitalize on the convergence of real-world asset (RWA) tokenization, decentralized physical infrastructure (DePIN), and artificial intelligence (AI).

According to Kyren, these promising altcoins stand out for their ability to capitalize on the convergence of real-world asset (RWA) tokenization, decentralized physical infrastructure (DePIN), and artificial intelligence (AI).

HBAR and ICP: At the Cross Section of 3 Top Web3 TrendsKyren identifies Hedera (HBAR) and Internet Computer (ICP) as two promising altcoins that demonstrate how blockchain technology can intersect multiple trending narratives. These projects, he argues, encompass the diverse aspects of DePIN, AI, and RWA, offering a broader range of utility. This contrasts with projects like Bittensor (TAO), Ondo Finance (ONDO), and Aethir (ATH), which typically focus on specific domains with more specialized solutions.

HBAR and ICP: At the Cross Section of 3 Top Web3 TrendsKyren identifies Hedera (HBAR) and Internet Computer (ICP) as two promising altcoins that demonstrate how blockchain technology can intersect multiple trending narratives. These projects, he argues, encompass the diverse aspects of DePIN, AI, and RWA, offering a broader range of utility. This contrasts with projects like Bittensor (TAO), Ondo Finance (ONDO), and Aethir (ATH), which typically focus on specific domains with more specialized solutions.

“You definitely want to be exposed to at least one project in each of these domains, with some projects covering multiple domains. Diversify into the projects in the top trends emerging, but also focus on the trends that are accelerating the fastest.”

“You definitely want to be exposed to at least one project in each of these domains, with some projects covering multiple domains. Diversify into the projects in the top trends emerging, but also focus on the trends that are accelerating the fastest.”

Indeed, diversifying a portfolio across the fastest-growing trends is a prudent investment strategy. However, something that could be even more advantageous is capitalizing on projects that operate in multiple domains simultaneously, offering a wider scope of exposure and growth potential.

Indeed, diversifying a portfolio across the fastest-growing trends is a prudent investment strategy. However, something that could be even more advantageous is capitalizing on projects that operate in multiple domains simultaneously, offering a wider scope of exposure and growth potential.

#1. Hedera (HBAR)Hedera is centered around scalability, low latency, and security, aligning with the DePIN narrative by decentralizing internet infrastructure and promoting censorship resistance. Hedera Hashgraph, the technology behind HBAR, provides a high-throughput, public decentralized network with a fair consensus mechanism. This establishes a solid foundation for developing decentralized applications (Dapps). Moreover, HBAR facilitates efficient data transmission over the network using the DAG structure.

#1. Hedera (HBAR)Hedera is centered around scalability, low latency, and security, aligning with the DePIN narrative by decentralizing internet infrastructure and promoting censorship resistance. Hedera Hashgraph, the technology behind HBAR, provides a high-throughput, public decentralized network with a fair consensus mechanism. This establishes a solid foundation for developing decentralized applications (Dapps). Moreover, HBAR facilitates efficient data transmission over the network using the DAG structure.

While not AI-centric, Hedera’s architecture and capabilities can support applications of artificial intelligence and machine learning algorithms. The network’s fast confirmation times, low transaction fees, and secure consensus mechanism make it suitable for handling complex AI computations. Developers can leverage Hedera's scalability and performance to build AI solutions on a decentralized platform, exploring the convergence of blockchain and AI.

While not AI-centric, Hedera’s architecture and capabilities can support applications of artificial intelligence and machine learning algorithms. The network’s fast confirmation times, low transaction fees, and secure consensus mechanism make it suitable for handling complex AI computations. Developers can leverage Hedera's scalability and performance to build AI solutions on a decentralized platform, exploring the convergence of blockchain and AI.

Furthermore, Hedera's utility extends into the realm of RWAs through its cryptocurrency, HBAR, and smart contract capabilities. Aided by HCS and tokenization standards, users can create digital representations of physical assets, securities, or commodities on the network. This enables seamless transfer and trading of tokenized RWAs while ensuring transparency, immutability, and adherence to legal frameworks.

Furthermore, Hedera's utility extends into the realm of RWAs through its cryptocurrency, HBAR, and smart contract capabilities. Aided by HCS and tokenization standards, users can create digital representations of physical assets, securities, or commodities on the network. This enables seamless transfer and trading of tokenized RWAs while ensuring transparency, immutability, and adherence to legal frameworks.

#2. Internet Computer (ICP)The Internet Computer (ICP) aims to revolutionize the internet by providing an open and decentralized protocol for hosting content and web services directly on the blockchain. By decentralizing the traditional client-server model, ICP endeavors to create an unalterable, censorship-resistant internet infrastructure. This aligns with the DePIN narrative by fostering a sustainable, inclusive ecosystem where users can interact with Dapps and services without intermediaries.

#2. Internet Computer (ICP)The Internet Computer (ICP) aims to revolutionize the internet by providing an open and decentralized protocol for hosting content and web services directly on the blockchain. By decentralizing the traditional client-server model, ICP endeavors to create an unalterable, censorship-resistant internet infrastructure. This aligns with the DePIN narrative by fostering a sustainable, inclusive ecosystem where users can interact with Dapps and services without intermediaries.

Additionally, Internet Computer’s architecture supports AI models and applications, capitalizing on its computing power and scalability. The ability to execute smart contracts at web speed and store vast amounts of data on-chain makes the platform suitable for AI use cases, such as decentralized AI marketplaces, predictive analytics, and automation systems.

Additionally, Internet Computer’s architecture supports AI models and applications, capitalizing on its computing power and scalability. The ability to execute smart contracts at web speed and store vast amounts of data on-chain makes the platform suitable for AI use cases, such as decentralized AI marketplaces, predictive analytics, and automation systems.

Although RWA tokenization is not a primary focus of Internet Computer, its architecture and smart contracts support the management of tokenized assets. Through ICP, users can unlock liquidity, fractional ownership, and programmable features for assets like real estate and commodities. This complementary utility expands the Internet Computer ecosystem and demonstrates its diversity across multiple domains.

Although RWA tokenization is not a primary focus of Internet Computer, its architecture and smart contracts support the management of tokenized assets. Through ICP, users can unlock liquidity, fractional ownership, and programmable features for assets like real estate and commodities. This complementary utility expands the Internet Computer ecosystem and demonstrates its diversity across multiple domains.

By operating within diverse sectors, both Hedera and Internet Computer attain broad portfolio diversification and capitalize on multiple emerging narratives. However, projects centered around a single domain may also garner substantial attention as their specific narratives resonate. Nevertheless, small-cap investors are always advised to conduct thorough research before making any decisions.

By operating within diverse sectors, both Hedera and Internet Computer attain broad portfolio diversification and capitalize on multiple emerging narratives. However, projects centered around a single domain may also garner substantial attention as their specific narratives resonate. Nevertheless, small-cap investors are always advised to conduct thorough research before making any decisions.

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BeInCrypto strives to provide its readers with the most accurate, interesting, and engaging cryptocurrency, blockchain, and Web3 content. The following disclaimer is to ensure that our readers fully understand the nature of the materials provided on BeInCrypto.

This piece is largely based on the subjective opinion of the author and any recommendations, tips, or predictions are not intended to be taken as financial advice, nor constitute an endorsement by BeInCrypto of any particular cryptocurrency or course of action. Cryptocurrency trading and investing carries a high level of risk and readers should always do their own research before making any decisions.

This piece is largely based on the subjective opinion of the author and any recommendations, tips, or predictions are not intended to be taken as financial advice, nor constitute an endorsement by BeInCrypto of any particular cryptocurrency or course of action. Cryptocurrency trading and investing carries a high level of risk and readers should always do their own research before making any decisions.