Yet still worthy of our attention. And likely to be among the top performers when alt season starts. Let’s check out these 4 under the radar altcoin gems.
You’d think the #1 coin by market cap in a growing sector like RWA wouldn’t be hidden. And yet, it is. That’s how it ended up in our altcoin gems list today.
Ask someone in crypto who the top project in RWA is, and they probably say Ondo. That’s thanks to the BlackRock and related hype that goes with it. Yet, the #1 project by value is not Ondo. It’s Mantra.
BlackRock just bought $ONDO for 250k
Iam buying more than BlackRock, buying ONDO for $251.000, who bets more?
Remember, gave you ONDO at $0.20 pic.twitter.com/RYKpG4jKWB
— Doctor Profit (@DrProfitCrypto) April 11, 2024
Mantra does something we don’t like, but for a reason we understand. That thing is, they are a permissioned blockchain. It means that users of the chain need to KYC or KYB for businesses.
For RWA tokenization, this might be the one area of crypto where permissioned chains make sense. A regulated product like a mutual fund or ETF in the US or an ETP in the UK needs to know that if it comes onchain for financing or tokenization that it can do so and be compliant with the regulators at home. Otherwise, it’s just not worth it for the fines and court costs and such.
A permissioned chain allows for projects and users with certain credentials and qualifications to buy into these projects. The KYC and AML (Anti-Money Laundering) compliance of the chain means these projects can list on Mantra, when maybe they couldn’t on a more fully decentralized chain.
Permissioned chains should likely get huge volume compared to permissionless chains in RWA since TradFi can use them with confidence. Even with this permissioned stuff, it’s important to understand that this is about buying a piece of a tokenized RWA investment listed on Mantra.
The real RWA bottleneck isn’t tech or market size ($28T in US Treasuries alone) – it’s distribution.
Everyone’s building tokenization platforms, but who’s solving for and working on institutional-grade distribution? Global compliance frameworks? Market access?
Building the tech…
— JP Mullin (, ) (@jp_mullin888) November 12, 2024
It is NOT about buying Mantra’s native $OM token. Anyone can do that if you have a Cosmos-compatible wallet like Keplr, Leap, or Cosmostation. And the $OM token has done great. It’s up 25% in the last 3 months and, 5900% in the last 12 months. That translates to a gain from a price of 2c to $1.30. That’s a 50x.
Yet these huge gains in both token price and in adoption of the chain by TradFi mean it’s still flying under the radar compared to Ondo. Maybe it always will be thanks to BlackRock. But Mantra is #1 by market cap in this sector, and that’s no accident.
Seedworld is where gaming and user-generated content (UGC) meet. Imagine it. You can build part of a game section that everyone gets to play. It’s pretty cool, right? It’s the ultimate in community-based gaming. I talked about this one in the beginning of the month in the ‘coins we think can pump’ video. So, now you find it back in today’s altcoin gems list.
Their $SWORLD token, which is in its early days from its recent IGO on Seedify, is now available on PancakeSwap. You can both swap for it there AND earn it by staking the DEX native $CAKE token. That’s a good deal all around.
The $SWORLD (@seedworldmeta) Syrup Pool is now live on BNB Chain PancakeSwap!
Stake CAKE, Earn $SWORLD: https://t.co/aj7nmGPvWK
APR will drop as liquidity increases pic.twitter.com/vq7ZKA5sEd
— PancakeSwap (@PancakeSwap) November 6, 2024
The growing popularity of memes is feeding into the community-based nature of this project, and the team has done some cool giveaways like this one of 250,000 $SWORLD. We would not be surprised to see the team do more of these, as the community is vital for their UGC and for the growth of the game.
Seedworld is encouraging community growth through staking and farming incentives too. Some of them include the Season 2 incentive of 100 million tokens or more than $600k worth of $SWORLD.
in 24 hours
a new study will beginadopting the life of the trenches & working for your bags have been synonymous with meme communities, but it doesn’t have to stay that way.
what if a web3 product with a web2 competitor of $27 billion marketcap decides to adopt the Life of…
— Seedworld (@SeedworldMeta) November 1, 2024
So this is a game and a community you should be checking out. They reward their community generously. Their socials and Discord group have all the details you need to get started.
You’d think a top 5 coin wouldn’t be hidden. But real quick, what’s in the top 5 by market value besides,
Many of you would probably guess Solana, and that would be right. But USDC dropped to #6 so that means there’s another coin in the top 5. What is it? Do you know? It’s BNB. BNB keeps chugging along and doing its thing. That’s why it is in this altcoin gems list.
Its success is tied to the success of Binance. And that’s a good thing. It’s still by far the biggest crypto exchange. It didn’t matter that CZ had to step down. Or even that he had to go to jail for a few months. Binance and BNB just keep moving ahead.
BREAKING: Changpeng Zhao (CZ) resigns as #Binance CEO.
— Watcher.Guru (@WatcherGuru) November 21, 2023
Unless you work in the industry, you may not know this…… Did you know that in order for a new token to list on Binance, part of the listing agreement requires buying and staking BNB? Did you know that? A lot of people don’t know this. And this is not an illegal, artificial way to create demand like FTX did for their token. BNB already had and has value aside from this. Using it for token listing agreements is just a bonus.
It also means that BNB is more distributed to more owners and more widely held than most projects. That’s good too. It means less likely timed, bulk selling of tokens, even on bad news.
And more than that, other than some of the memecoins like DOGE, BNB has the most active burn program in the industry. They just completed their 29th consecutive quarterly burn. This time they burnt 1.7 million BNB. That’s A LOT of money. Almost $1 billion worth.
The 29th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC), with 1772712.363 $BNB being burned
View burn details below https://t.co/QjGO4lmhDP pic.twitter.com/SrEKXtAc4Y
— BNB Chain (@BNBCHAIN) November 1, 2024
Many may not remember or have forgotten that Binance’s stated goal for $BNB is to drop the total supply from 200 million down to 100 million as a final total supply number. Right now, they sit at 145 million, so the plan is in action and working.
If you are bullish on Binance keeping its leading position, then you have to be bullish on $BNB as well. It’s simply one of the best-managed projects in crypto.
Last of our altcoin gems for today, we have Optimism ($OP). Optimism seems like it’s everywhere, so how can it be hidden? The Optimism Stack and Superchain are all over Uniswap’s new Unichain. So is Coinbase’s Base and Binance’s Layer 2 opBNB. Sony’s Layer 2 Soneium is on the Superchain, too. The Optimism Superchain is becoming the place to launch Layer 2s, utility apps, and DeFi. So all this amazing stuff is going on in Optimism world. So how is it hidden?
Soneium Minato integrates and elevates @Optimism’s Superchain.
Superchain will help Soneium Minato seamlessly connect different blockchains, contributing to our broader goal of empowering individuals and communities to collaborate and create web3 together.
With Soneium Minato,… pic.twitter.com/NcV2biIw0J
— Soneium (@soneium) November 5, 2024
First of all, when most people think of Base, they think of the Base chain itself and then Coinbase after that. They don’t think about it being built on Optimism.
And when you think about it, Cosmos is having the same issue. There are some fantastic projects over there like Osmosis, dYdX, Injective, and Akash. But people don’t think of them as Cosmos projects, and not much of that value is coming back through to help ATOM grow.
ATOM is down 52% in the last 12 months and down 20% in the last 3 months. Despite hosting and helping these amazing projects.
Now, Optimism’s $OP token is not as bad as that. $OP is UP 10% in the last 3 months but down 10% over the last 12 months. So its performance is uneven at best.
One of the Superchain’s best features for builders is that you can create a custom gas token for your project. This means you are not depending on holding ETH. And that’s good. But it also means you are not depending on holding $OP either. So that’s less good.
$OP is in a HUGE downtrend since hitting its ATH of $4.84 8 months ago in March. Yet, it’s clearly not a function of how well the project itself is performing and where it is finding its place in the market. Also known as product-market fit (PMF). The PMF case is clearly growing for light, fast Layer 2’s. Even if all it did was help to host and launch Base, then that alone is a huge contributor to growing crypto adoption around the world as people jump from Coinbase to Base chain.
The $OP token’s price is not reflecting how successful the project itself is. And we expect this to change soon, especially when alt season starts.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Seedworld.
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