#bitcoin and #Ethereum have been experiencing a significant surge in value over the past few months. However, the overall market is currently in a downtrend.
While this might discourage some investors, I see it as a tremendous opportunity. It’s the perfect time to accumulate promising altcoins at attractive prices.
In this article, I’ll share the top four micro-cap altcoins I’m excited about and that I plan to accumulate over the next 12 months.
Disclaimer: I am in no way affiliated with any of these projects, I simply find them promising based on my research.
1. Tenet ($TENET)
Tenet is an EVM-compatible layer 1 blockchain designed for liquid staking derivatives and operating on the Cosmos SDK.
The Tenet blockchain uses a new consensus mechanism called Diversified Proof of Stake (DPOS) allowing network consensus to be reached by validators that stake a basket of assets. This removes the risk of the network being owned by a large controller of a single asset and makes the network much more secure.
TENET is the base token for the Tenet blockchain used to pay transaction fees. It allows users to unlock the value of their staked assets and use them across its native DeFi ecosystem to maximize returns.
Users can stake TENET in a Validator to help secure the blockchain and receive in return an LSD (Liquid Staking Derivative) of TENET called tTENET. tTENET has further utility within the Tenet DeFi ecosystem letting users earn additional yield from their assets.
The TENET token was launched at the end of May 2023. It currently has a $18 million market cap with 9% of tokens in circulation.
2. Stader ($SD)
Stader is a multichain liquid staking platform on Polygon, Hedera, BNB, Fantom, Near, and Terra 2.0.
The team’s goal is to bring 1 billion people to staking and DeFi. It wants to achieve this by simplifying staking and offering the best yield opportunities.
Stader allows users to stake any amount of tokens to earn staking rewards. In return, they receive liquid staking tokens that they can use across 40+ DeFi applications to earn additional yield.
SD is the native governance and value accrual token for the Stader protocol. It’s up over 300% since the beginning of the year.
It has a market cap of $11 million and a TVL of $93 million, with 7% of tokens currently in circulation.
The team recently announced that Stader will finally launch on Ethereum on July 10 which sparked a 40% rally in SD’s price.
3. GND Protocol ($GND)
GND Protocol is a concentrated liquidity engine and farming platform that generates substantial fees from Uniswap. These fees are then distributed to token holders as real yield with an APR above 60% and payments made in ETH.
GND Protocol consists of two products: $gmUSD — an algorithmic stablecoin fully backed by $gDAI and $gmdUSDC; and GND Farm used to generate yield. It currently offers over 30 farming pools with APR as high as 200% for some of them.
The team has implemented several deflationary mechanisms. The first is a capped supply of tokens, limited to 100,000. The second is a buyback & burn mechanism as 60–80% of the protocol earnings will go towards buying back $GND and burning it. A 2% staking deposit tax will also be burned.
The GND token was launched on April 1st, 2023 and within a few weeks, achieved a $20 million TVL, currently standing at $30 million. It has a market cap of $7,6 million with 16% of its 100,000 tokens in circulation.
4. Propchain ($PROPC)
Propchain operates in the real-world asset sector, revolutionizing the real estate industry by tokenizing properties.
This innovative platform allows individuals to invest in and benefit from real estate assets more easily. It makes investing in real estate possible from just €1.000 with fractionalization.
The platform currently has a $20 million worth portfolio with over 500 active investors.
Unlike many other cryptocurrencies, Propchain addresses a real problem and provides a practical use case for blockchain technology. The yield you earn from Propchain comes from the actual properties, making it an interesting investment option.
The PROPC token is the utility token of the Propchain platform, being used for gas fees, liquidity pool staking, accessing an investment vault, participating in voting, and engaging in peer-to-peer property transactions. It was launched at the end of May 2023 and has a $3 million market cap with 2% of tokens currently in circulation.
Zooming Out
In this article, I shared with you 4 altcoins that I put through my research process and that I find very promising. Of course, all of these projects might not succeed, so it’s important to diversify your micro-cap portfolio and accumulate over time.
With the next Bitcoin halving a little less than a year away, we might not witness the next real altcoin season before the beginning of 2025. This gives you plenty of time to do your own research and find those altcoin gems before they take off.
Disclaimer: This content is for educational purposes only and should not be considered as financial or any other advice. Always do your own due diligence before investing your hard-earned money.
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