In the recent video, the influential analyst Tyler Swope from Chico Crypto shares with his 229K subscribers the top three altcoins with untapped potential.
Ampleforth (FORTH)
The first altcoin on the list is Ampleforth with its newly airdropped governance token FORTH. At the time of the video, the token is currently ranked 188 by market cap and sits at roughly a $356 million valuation.
While Ampleforth’s AMPL token has been around since 2019, FORTH just launched and was quickly adopted by top crypto exchange Coinbase.
“The distribution breakdown is pretty simple. 67% will go to the community, while the remaining 33% goes to early backers, the core development team, advisors, supporters, and the Ampleforth Foundation. Community allocation will be governed by a points system, scored by on-chain activity”.
In addition, the trader notes that Ampleforth geyser v2 contracts are coming out soon:
“Their v2 is not released from AMPL yet. As seen from Alchemist coin, these contracts are shaping up to be game-changing multi-stake NFT vaults which just might tie into Uniswap v3”.
Unibright (UBT)
Unibright (UBT) is the next undervalued altcoin on the list. The coin is listed under this year’s Forbes Blockchain 50.
Unibright offers a unified framework with the goal of bringing blockchain technology and contracts to mainstream users. Unibright offers enterprise-level blockchain solutions, integration platforms and an ecosystem centered around tokenized assets.
The trader also highlights that Unibright also plays an important role in the development of the Baseline Protocol. This protocol is designed to connect traditional systems to each other and notarize states on a public mainnet, such as Ethereum.
Swope expresses his believes that there is likely an impressive partnership between CONA (Coke One North America) and Unibright in which “Unibright will aid CONA in tokenizing invoices in business applications”.
Morpheus Network (MRPH)
Last on the list is Morpheus Network (MRPH), a network aims to digitally Integrate and automated global supply chains.
“The platform creates a digital representation of a supply chain by turning information into actionable data and notarizing the actions and events and completion of supply chain processes using distributed ledger technology”, he explains.
Importantly, Swope points out some hints that Morpheus may be on the verge of locking in a partnership with Coca-Cola FEMSA soon.
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