If you’re looking for innovation this day in the world of cryptocurrencies, you might want to turn a little bit from well-established players to the lesser-known projects in the market. As the crypto market constantly evolves, new propositions are presented to the investor’s audience for a spot on their portfolio. Today, we discuss about three underrated altcoins you should consider if you’re looking to diversify your portfolio: Avalanche (AVAX), Algotech (ALGT), and Chainlink (LINK).
Avalanche (AVAX): A Scalable Solution
Avalanche is a Layer 1 blockchain protocol built to solve the scalability problems that conventional blockchains like Ethereum were experiencing. It makes use of a cutting-edge consensus technique dubbed Snowman, which combines a directed acyclic graph (DAG) structure and Proof-of-Stake (PoS) validation to provide lightning-fast transaction speed and low fees. Because of this combination, Avalanche can handle thousands of transactions per second (TPS), which makes it a good substitute for decentralized apps (dApps) that need high throughput.
Another thing to put forward is Avalanche’s healthy ecosystem. It attracts both developers and users with its increasing number of dApps in the gaming, NFT marketplace, and DeFi domains. AVAX, its native token, has several use cases, such as covering transaction fees, staking for network security, and participating in governance. Avalanche is a strong option for investors looking to invest in high-performance blockchains because of its emphasis on scalability and a robust ecosystem.
AVAX’s current price is sitting at $33.73 as of the time of writing.
Algotech (ALGT): AI-powered algorithmic trading solution
Algotech sets itself apart within the DeFi market with its innovative approach to algorithmic trading. Its platform provides a range of advanced algorithmic trading methods and tools that are suitable for both new and seasoned traders. Algotech’s proprietary algorithmic trading software employs artificial intelligence (AI) and machine learning (ML) techniques to evaluate market data and execute trades according to predetermined setups. This gives traders the ability to automate their trading strategies, which could lower risk and increase profitability.
ALGT serves as the fuel for Algotech’s ecosystem. Holding ALGT gives you access to premium services, enables you to subscribe to trading strategies, and allows you to take part in governance decisions. Algotech is positioned to disrupt the conventional trading environment thanks to its innovative approach to algorithmic trading and its user-friendly platform. Algotech has the potential to become the preferred platform for traders looking to use AI-powered strategies as DeFi use keeps growing.
ALGT is currently going through its stage three presale at $0.08.
Chainlink (LINK): The decentralized oracle powerhouse
Chainlink is a decentralized oracle network that connects blockchain technology to the real world. It gives smart contracts dependable, secure data feeds so they may access and use off-chain data. This functionality is essential for the creation of intricate dApps that need real-world data inputs, like DeFi protocols that depend on prediction markets or market prices.
LINK’s decentralized network guarantees data integrity and tamper-proof delivery. LINK is used to incentivize Oracle node operators to supply precise and trustworthy data. Chainlink has established itself as the top Oracle supplier of the DeFi ecosystem. It is in a strong position to continue dominating the Oracle market as long as there is a need for interoperable smart contracts.
LINK’s current price is sitting at $13.98 as of the time of writing.
To learn more about Algotech’s presale, visit the Algotech presale website or join the Algotech community.
Key Takeaway
Explore three promising altcoins: Avalanche (AVAX) for scalability, Algotech (ALGT) for AI-driven trading, and Chainlink (LINK) for decentralized oracles. AVAX offers fast transactions and a thriving ecosystem, ALGT revolutionizes trading with AI, and LINK ensures data integrity for smart contracts.
