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List of Seven Polkadot Altcoins for Big Gains in 2024
In the last episode of ‘A blockchain’ The host/analyst focused on seven undervalued Polkadot altcoins. He said that we need to act quickly and buy altcoins that are expected to surge due to the Bitcoin halving. Here is the list of altcoins:
Coin 1: Phala Network
Phala Network, which is advancing AI integration, introduces the coprocessor concept, improving scalability and security by offloading complex tasks off-chain. They are also developing the AI agent economy, combining the intelligence of AI with the decentralization of blockchain.
Coin 2: BiFrost
Bifrost, a non-custodial omni-chain liquidity derivatives (LSD) protocol on Polkadot. Bifrost allows users to stake assets and receive voucher tokens (V tokens) in return, increasing utility and interoperability across multiple chains. Bifrost saw massive growth in 2023, with net new staking tokens and increasing total value locked (TVL).
Coin 3: Blanket Network
He added that the third project to consider is Manta Network, a Polkadot parachain that is attracting significant attention. Manta is designed to support the next wave of Web 3 applications by leveraging zero-knowledge proofs, a type of cryptography that allows one party to prove to another that something is true without revealing any additional information.
Coin 4: BitTensor
He then said to take a look at one of the most interesting projects in all of crypto: BitTensor. The TOA token has increased by over 700% over the past year. BitTensor represents early-stage decentralized AI development, offering small businesses the potential to compete with larger organizations in accessing high-level AI tools.
Coin 5: Polymec
He then discussed Polimec, a project that is changing the game in fundraising for Web 3. Polimec has a unique use case that addresses real problems and leverages the functionality of other Polkadot parachains. The project has progressed, including a successful token generation event for the upcoming PLM token, enabling staking and launching Polimec governance.
Coin 6: Origin Track
Origin Trail introduced the concept of the Verifiable Internet. The goal is to leverage blockchain technology to create a transparent and trustworthy digital ecosystem where information used by AI systems is easily verified and authenticated.
Coin 7: NeuroWeb
Finally, he introduces NeuroWeb, a project that harnesses the power of Origin Trail. NeuroWeb is a decentralized AI blockchain designed to incentivize knowledge creation through knowledge mining. Knowledge mining involves producing high-quality blockchain-tracked knowledge for AI.