Preparing for the bull market? Here are 10 lesser-known altcoins that have started to rise in value

In 2021, many traders had their eyes on Terra LUNA and UST. At the time, it was a promising stablecoin ecosystem with strong tokenomics among Layer-1 (L1) projects. But due to the onset of crypto winter and the backing of these tokens with real assets, millions of LUNAtics were wiped out. Amid this tragedy, potential investors are wary of investing in cryptocurrencies. But he who does not take risks does not drink champagne. There are always chances to lose as well as to become a millionaire. 

Crypto enthusiasts are well aware of this and continue to search for the very gold mine that will one day allow them to get rich. One of the ways is to find a project that is just at the beginning but has great potential. 

We try to give you good ideas to consider. For example, we wrote about interesting projects on Arbitrum and Layer-2 cases. Today we will have a quick look at 10 promising altcoins from Binance via Mac, a Twitter user who teaches crypto investing.

Of course, always do your research and trust no one 100% (even organizations that promote their cryptocurrency). And remember the simple rules: beware of scammers, keep your passwords carefully, and don’t invest more than you’re willing to lose.

Mask Network (MASK)

MASK is gaining strongly on good volume, with a two-day consolidation expected before a possible jump to $8.7.

The Mask Network aims to connect Web2 to Web3 by allowing Twitter and Facebook users through, for example, pay and tip, trading on a decentralized exchange, decentralized file storage, or buying and selling NFTs. And all without leaving the social networking site. Mask Network collaborates with projects such as CoinMarketCap, Uniswap, Arweave, and others. The project supports Binance Smart Chain, Ethereum, and Polygon, among others. MASK is the platform’s useful token and is used to vote for network management decisions in the MASK DAO (Decentralized Autonomous Organization) or to participate in subDAOs to vote on the selection of projects for initial offerings (ITOs). Active users receive MASK as a reward. The recent growth is apparently due to the acquisition of Twitter by Elon Musk and his promises to bring more cryptocurrencies to the platform.

Litentry (LIT)

This altcoin gained 40% in price since November 2.

Litentry is a decentralized, multi-network identity aggregation protocol that includes a decentralized identity indexing (DID) mechanism and a substrate-based credit calculation network.

The purpose of Litentry is to provide DID aggregation, verification, and credit calculation. LIT is a proprietary utility token. Payment is made to the LIT each time a user requests a real-time credit calculation through the network. The token is awarded to third parties that create indexed identity databases.

Litecoin (LTC)

This altcoin is not on the market for the first year, but now we can see a clear increase in its price.

Litecoin (LTC) is a peer-to-peer cryptocurrency. The project was created by Charles Lee, a former Coinbase employee with the support of many members of the Bitcoin community and launched on October 13, 2011, and introduced several improvements based on the Bitcoin protocol.

For example, there is the Litecoin Proof-of-Work consensus on the Scrypt algorithm. Litecoin has a target block time of 2.5 minutes and a total supply of 84 million. The altcoin also supports Lightning Network for fast transactions. More upgrades are planned for the future.

Automata (ATA)

ATA has started to move up and may be preparing for a breakout. 

It’s Automata Network’s service token, a decentralized service protocol that provides a layer of middleware privacy for dApps across multiple blockchains. ATA accrues miners for launching applications and performing transactions for users on the network, users can pay them to miners for storage and computation workloads. The token also allows holders to create and vote on offers, platform features, and network parameters.

Basic Attention Token (BAT)

The token reached a price of $0.41. It serves as a payment to users for visiting websites, and publishers are rewarded for their content. The project was created by the co-founder of Mozilla and the creator of the JavaScript language. 

The Brave platform itself serves as an open-source ad exchange and is built and powered by the Ethereum blockchain.

So watching advertising can also bring a good profit. That’s how Web3 is slowly penetrating the more familiar world of Web2!

Elrond eGold (EGLD)

This is Elrond’s token, which is used to pay transaction fees and costs for deploying dApps on the network, as well as rewards for various contributions to the network. 

Elrond is a high-bandwidth blockchain focused on security, efficiency, scalability, and interoperability through Adaptive State Sharding and the new Secure Proof of Stake (“SPoS”) consensus mechanism. Elrond was built for smart contracts and decentralized applications. The blockchain is capable of processing more than 10,000 transactions per second with low block time (5s), negligible transaction fees, and fast completion of inter-segment transactions.

Theta Token (THETA)

The Theta Network control token is used to stack as a Validator or Guardian node, to create blocks, and to participate in protocol management. Theta itself is a decentralized video delivery network, enabling lower costs for content delivery networks by efficiently creating a mesh network with shared content.

SafePal (SFP)

SafePal is a cryptocurrency wallet that supports 20 blockchains, including Binance Chain, Binance Smart Chain (BSC), and over 10,000 tokens, including NFT. And the SFP service token is needed to pay fees and discounts, pay as a steaking award, pay bonuses, giveaways, and community management.

Venus (XVS)

This token is mainly used to vote when making management decisions such as product improvements, integrating new software, changing platform parameters, etc. on the Venus, a money market and stablecoin DeFi platform on Binance Smart Chain.

Oasis Network (ROSE)

Another altcoin showing significant growth. A native utility token of the Oasis ecosystem, which is used for mining and delegation in the network consensus, as well as for network transaction fees.

It is a decentralized blockchain network created by Oasis Labs that provides secure and confidential data exchange and control.

The bottom line

Looking at the tokens on this list, the biggest growth is seen in those related to content, decentralized applications, or advertising. Apparently, it’s worth looking even more in that direction.