There’s no denying that the market is not doing very well and traders might have some hurt in terms of portfolio value from the recent dips but Dante DeFi, a famous Youtuber and invertor in the crypto space has recommended top 3 undervalued altcoin to jump in.
And the most important thing is he has shared his 3-step strategy to find a potential altcoin to get in.
3 Steps Strategy
In short, the 3 steps to determine a good long-term investment are:
- Looking at what is the problem they’re trying to solve.
- Understanding if that problem is going to be able to be solved
- Looking at their partners and their team.
Those three things can help you determine quickly whether this is going to be a good long-term investment.
Kadena (KDA)
Let’s check out the top 3 undervalued altcoins that Dante thinks it has a huge potential to grow and to jump in. The first one to mention is Kadena (KDA).
Kadena is a proof-of-work platform that combines a Layer 1 public chain protocol with a Layer 2 network to provide high throughput while maintaining security and scalability. The platform aims to use the blockchain for real-world use cases, with tools and services ready for widespread adoption.
Kadena is solving the problem of the transaction fee, security, and industrial scalability with safer smart contracts, no-cost transactions, energy efficiency at scale, and proven security, Kadena can totally solve the problem of the entire crypto space.
Their partnerships are big names such as Terra (LUNA), Cello, Cosmos (ATOM), Flux (FLUX).
Dr. Stuart Haber, the co-inventor of blockchain and the most cited individual in Satoshi Nakamoto’s renowned 2008 Bitcoin white paper, is an advisor to the Kadena project. All of that would make Kadena a success in the near future and that’s why KDA is the first project to mention on the list.
Qredo (QRDO)
The second altcoin to mention is Qredo (QRDO). Qredo is rearchitecting digital asset ownership and blockchain connectivity. A radical new approach to bring liquidity and capital efficiency to the blockchain economy, Qredo has pioneered the first decentralized trustless multi-party computation (MPC) custodial network. This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access.
People are nervous about it because it’s dipped a little bit from what all-time high of $9 but the whole market’s dipped and this project is still very potent because Qredo delivers a powerful global network for securing and trading digital assets.
Anthony Foy, the CEO, is a Digital veteran and serial entrepreneur, is a member of Qredo’s team. He has 20+ years of experience in VC-backed growth companies with 4 successful exits. Anthony teamed up with Brian Spector, the CPTO, who is a Cyber Security expert and serial entrepreneur with a background in advanced cryptography. And their partners are the biggest name in crypto, such as CoinBase, Celsius, Nexo, and so on.
Ultra (UOS)
Ultra (UOS) is the last altcoin to mention. Ultra describes itself as a blockchain-based, PC game distribution platform designed to provide both gamers and game developers with new opportunities. It consists of an ecosystem where gamers can, on top of buying and playing games, resell their used games and items, and earn money through their participation in Ultra.
Ultra aims are to provide free user account creation and higher transaction throughput through better resource allocation. Partnerships for Ultra include the semiconductor company AMD and the gaming publisher Ubisoft.
David Hanson is the Founder & CEO of Ultra. David has 18 years of experience founding companies and operating.
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