Three Altcoins Worth a Look

Despite the recent volatility of the crypto market, here are a few altcoins worth watching:

Near Protocol (NEAR)

Near Protocol was launched in April 2020 following token sales from Andreessen Horowitz and Pantera Capital. It’s a platform that claims to provide high-speed solutions to decentralized applications (dApps), was last month integrated with decentralized payments network Terra. With this new partnership, Near Protocol claims to provide the fastest solution to decentralized applications.

Osmosis (OSMO)

Osmosis, a growing decentralized exchange (DEX) built on the Cosmos blockchain, was in green all day. This week, Osmosis reached $1 billion in total value, according to DeFi Llama. The Cosmos-related projects are increasingly active, which may be why this is happening. OSMO is up 6.5% today, hovering around $9.

Internet Computer (ICP)

Internet Computer launched last year, has quickly risen in price over the past few weeks. The technology allows smart contracts, computation, and data to scale at web speed. It recently activated a new mechanism that serves as a bridge between chains. Through bridges, blockchains can exchange data, tokens, and smart contract instructions with each other. In response, the governance token, ICP shot up, trading at $34.Up 20% from last week.

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Way too many new things popping up. How to keep up! :tired_face:

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Analysis paralysis. I spent an hour this afternoon trying to define whether OHM was a buying opportunity after its 25% crash in the last few days. It is one of my “three zeros” candidates. Then there was the hoops I have to go through. Buy some DAI, then buy some OHM (can’t do that on Bittrex), then dig out the OHM LP docs I reviewed last week and … oh, what the heck. I have enough stuff right now.

So I gave up the opportunity and got back to the task at hand which was to earn some NFT income. If I don’t play game I don’t get any income. LOL>

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What’s the game? Fun and income? What a combo.

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What’s a “three zeros” candidate, if you don’t mind me asking.

If you like OHM, you should check out TIME and Wonderland…Similar concept dealing with protocol-owned liquidity (POL) but Wonderland is on the Avallanche network.

It is part of my crypto investment plan. It is a willingness to invest up to 1% of the portfolio value in tokens that have a chance of doing a 10X, a 100X or even a 1,000X. There are two objectives. Sell half the investment as soon as it doubles in value. Then decide on an income / investment plan for that asset, and that asset alone. I have four components in this plan since its inception in August 2021, and intend to hold up to 10 initially. Any contributor that doubles, the additional funds are reused to invest in more “three zeroes” prospects.

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I have just put OHM, TIME and the like on hold in favour of spending some time analyzing another DeFi game. I rather fancy that income earning NFTs are somehow less risky than Liquidity Pairs on a race track. In particular the recent liquidation of a number of assets gives me cause for concern. And I would need to understand how OHM works in practice (with my money tied up, not just reading the bumph) before I layer into TIME or other more advanced products.

The game is DeFi Kingdoms. I send NFTs (Heroes) on quests to earn in-game items which one way or another can be either re-invested or converted to Fiat and sent to an off-ramp. It’s grown arms and legs, and my best estimate of income from the number of NFTs I have bought in the game is about $200 per week. Now if I can grow that 10X, I think that will provide more than enough income for our family to live off. Since it is a very new area, I am cautiously optimistic, but I won’t bet the farm on it, just yet or ever.

Just a little part time research on my coffee break. See attached :wink:

…They called a new altcoin “Internet Computer?” :thinking: But why?

I have provided a link to a (relatively) non-technical article that attempts to explain Internet Computer. I say “relatively” because even with my knowledge of conventional networking (Microsoft Certified Systems Engineer), I can understand the future implications but I can’t envisage the roadmap as the world moves from a TCP/IP and UDP internetworking protocol base to the Internet Computer base.

So I will try to explain this by an example. In the UK some time ago, all our terrestrial television was provided by a transmission system of antennae scattered around the country. In the very old days the television signal was VHF. Some time in the 1970/1980s VHF was phased out and UHF (a frequency higher than VHF) become the norm. Some receiver sets only received VHF, so they had to be replaced. Then came digital TV. The old UHF transmission bands needed to be cleared of usage to make way for 5G for mobile telephony. That took some time. TV free to air needed a new aerial, and a “set top box” to decode the new signals.

Well, the Internet Computer is like the new 5G. Right now nobody has the hardware or software to make use of it, and crypto (specifically the decentralized part of it) will become far more efficient than it currently is trying to run a 5G requirement on a VHF transmission system.

I am sure purists will find many flaws in this comparison, but I hope it will explain it to a layman. In my mind there is no way to imagine the potential future benefits of this change until it actually starts to happen, but for anyone with a longer term view than 5 years, it may be worth looking at unstoppable domains :innocent:

I shall have a deeper look!

Now that’s incredible!

TIME dipped to $850! Yikes!