As the crypto market enters a new phase, the stage is set for a potential bull run driven by the increasing wave of institutional adoption. The recent surge in interest from major financial players has infused a renewed sense of optimism among crypto enthusiasts.
As this surge in demand comes amid the alt season, identifying altcoins that could capitalize the most on this trend is currently one of the most significant tasks for crypto traders.
In that light, Finbold handpicked 5 lesser-known hidden gems that have the potential to deliver 10x returns in the next alt season.
Saitama (SAITAMA)
Inspired by a character from the “One Punch Man” anime series, Saitama (SAITAMA) is a cryptocurrency that emerged as an altcoin that emerged during the meme coin mania.
However, in June 2022, the Saitama token contract saw a major upgrade, which brought important security features and performance improvements to enhance the token’s viability and longevity.
But the most important part of the upgrade is SAITAMA’s shift from a meme coin to a utility token, providing it with a functional purpose within its own ecosystem.
This month, more than half of SAITAMA’s total token supply has been permanently burned, leaving 45 billion tokens in circulation.
The Sandbox (SAND)
Another altcoin that may flourish amidst the ongoing alt season is The Sandbox (SAND), a cryptocurrency that amalgamates the finest attributes of blockchain technology, gaming, and the metaverse, presenting a promising opportunity for investors.
Created as a native token of The Sandbox, the SAND is a utility asset that can be used to build, control and sell the virtual world and gaming experiences.
This month, The Sandbox released its Singaporean neighborhood Lion City as part of its Asian expansion – an experience that the metaverse developer has been building for 9 months. The virtual neighborhood consists of 512 virtual non-fungible tokens (NFTs).
Osmosis (OSMO)
Built on top of the Cosmos blockchain, Osmosis (OSMO) is an AMM decentralized exchange (DEX) focused on the InterchainDeFi movement – the emerging trend of connecting multiple blockchain networks to enable seamless interoperability and the integration of decentralized finance (DeFi) protocols across different chains.
Osmosis accounts for around 40% of all transactions that take place between blockchains on Cosmos.
OSMO refers to the native token of the Osmosis exchange, playing a crucial role in governing the platform and incentivizing participants to provide liquidity and stake their tokens.
Its importance lies in enabling decentralized governance decisions and fostering liquidity provision, thereby facilitating the efficient functioning of the Osmosis DEX and driving the growth of the ecosystem.
Fantom (FTM)
Fantom (FTM) is a blockchain network often compared to Ethereum (ETH) because it aims to offer a scalable framework for developers to design, develop, and launch decentralized applications (dApps) and crypto projects that power smart contracts.
Through the use of its native crypto asset FTM, Fantom intends to revolutionize the blockchain industry and address some of the issues faced by more mainstream blockchains. With its low network fees and one-second transaction finality, Fantom has attracted robust support from established crypto projects like Curve, C.R.E.A.M, and SushiSwap.
Meanwhile, FTM plays a crucial role in achieving Fantom’s objectives, as it helps secure the network through staking, governance, payments, and fees. Having said that, it represents another altcoin that could explode if Fantom manages to achieve mainstream adoption.
VeChain (VET)
VeChain (VET) is a blockchain platform that focuses on supply chain management and enterprise solutions. It aims to enhance transparency and traceability by utilizing blockchain technology to track and authenticate products throughout their lifecycle.
The platform’s native token is VET, which serves as a means of value transfer, governance, and rewards within the VeChain ecosystem.
VET has the potential to attract investors’ attention due to several reasons. Firstly, VeChain has established partnerships with prominent companies and organizations, including PwC, DNV GL, and Walmart China, which highlights its credibility and real-world adoption potential.
Further, the platform’s focus on supply chain management addresses a significant pain point for businesses, offering them improved efficiency, reduced costs, and increased trust in their supply chains.
These factors combined make VET an intriguing investment opportunity for those interested in the intersection of blockchain technology and supply chain management.
Final words
In summary, SAITAMA, SAND, OSMO, FTM, and VET offer unique features and advantages that could propel them to 10x gains. With real-world adoption and innovative use cases, these tokens may be primed for success in the upcoming alt season.
