The cryptocurrency industry evolves at a breakneck pace, with trends emerging and fading within months. While past hyped sectors like DeFi, NFTs, and the metaverse may no longer dominate headlines, they continue to thrive beneath the surface. Now, as Web3 gains momentum, a new wave of purpose-built projects is emerging—designed to enrich the next iteration of the internet.
Here, we spotlight 10 undervalued cryptocurrencies tailored for Web3’s ecosystem, each offering unique utilities and growth potential.
1. Handshake (HNS)
A decentralized domain ownership system that replaces centralized DNS with a P2P alternative. By enabling users to manage root DNS zones, Handshake eliminates reliance on traditional certificate authorities, fostering a more secure and censorship-resistant internet.
Key Features:
- Permissionless domain registration
- Resistance to cyber attacks
- Ideal for Web3 infrastructure
2. Audius (AUDIO)
A music-sharing platform that empowers artists by removing intermediaries. Audius rewards creators directly through its decentralized model, allowing free uploads and premium monetization options.
Why Watch?
- Artist-centric revenue model
- Growing adoption in the music industry
3. Render Token (RNDR)
A GPU rendering network connecting artists with unused GPU power. Render Token is pivotal for metaverse and NFT content creation, offering scalable decentralized rendering solutions.
Use Cases:
- 3D/NFT asset rendering
- Cost-effective for indie studios
4. Flux (FLUX)
Decentralized cloud infrastructure supporting scalable app development across multiple servers. With thousands of nodes globally, Flux provides robust BaaS (Blockchain-as-a-Service) solutions.
Stats:
- 12,850+ vCPU cores
- 40+ TB RAM
5. Conflux (CFX)
A high-throughput L1 blockchain compliant with Chinese regulations, making it unique for Asia-focused projects. Its Tree-Graph consensus enables parallel transaction processing.
Advantages:
- Regulatory compatibility
- High scalability
6. Ocean Protocol (OCEAN)
A data monetization platform where publishers tokenize datasets via ERC-20 tokens. Ocean’s marketplace facilitates secure data exchanges, unlocking previously inaccessible data.
Ideal For:
- AI/ML data training
- Privacy-preserving analytics
7. Orchid (OXT)
A crypto-powered VPN offering pay-as-you-go privacy. Orchid’s P2P network bypasses traditional subscription models, funded by micro-payments in OXT.
Perks:
- No monthly fees
- Chain-agnostic bandwidth pooling
8. NKN (NKN)
A decentralized internet protocol sharing bandwidth for services like content delivery and edge computing. Its "cellular automata" consensus ensures efficient network convergence.
Vision:
- Decentralized web infrastructure
- Enhanced connectivity
9. Syntropy (NOIA)
Solves internet privacy and performance issues by decentralizing routing layers. Syntropy optimizes resource efficiency without disrupting existing protocols.
Target:
- Enterprises needing secure data transfer
- IoT networks
10. Hive (HIVE)
A DPoS-based blockchain for information sharing, supporting dApps and APIs. Hive balances decentralization with usability, attracting developers and content creators.
Highlights:
- Fast transactions
- Vibrant developer ecosystem
FAQs
Q1: What makes these cryptocurrencies undervalued?
A1: Limited mainstream adoption despite strong technological foundations and niche use cases.
Q2: How does Web3 influence their growth?
A2: These projects align with Web3’s principles—decentralization, user ownership, and interoperability—positioning them for long-term relevance.
Q3: Are these high-risk investments?
A3: Yes, given crypto’s volatility. Diversify and research thoroughly before investing.
Final Thoughts
While no one can predict crypto’s trajectory, these projects combine innovation with real-world utility—making them compelling candidates for 2024 and beyond. Monitor their developments closely as Web3 unfolds.
Disclaimer: This content is for informational purposes only and not financial advice.