Top 5 undervalued altcoin projects on Cardano ecosystem, according to Altcoin Buzz
Popular crypto channel Altcoin Buzz shares with their subscribers the top 5 early-stage altcoin projects on Cardano (ADA) with promising fundamentals to explode.
ErgoDex is a non-custodial, decentralised exchange that allows a quick, effortless and secure transfer of liquidity between the Ergo and Cardano networks.
According to the trader, eUTXO model gives ErgoDex a unique possibility to have shared liquidity among different types of exchanges on top of Ergo and Cardano ecosystems. Moreover, with AMM and order book exchange concepts are combined, it gives ErgoDex a feat that very few DEXs accomplish.
OccamFi (OCC and OCX)
Occam.fi is a decentralized finance leader in the Cardano ecosystem with financial backing from official Cardano entities Emurgo and cFund (IOHK).
As Altcoin Buzz reveals, Occam.fi’s developer team, who were participants in the IOG-led Plutus pioneer program, have now found and implemented a novel and entirely decentralized solution to the concurrency challenge, which arose out of Cardano’s extended unspent transaction output accounting model.
“The solution uses an intra-block slot auction system to process multiple transactions simultaneously, which is essential for a fully functional and high-volume DEX. This solution and OccamX’s other technology innovations are poised to make it the most truly decentralized DEX for Cardano.”
There are over 9000 wallets that hold OCC right now, making it one of the most used applications in Cardano.
CardStarter is a decentralized accelerator and swapping platform, connecting early-stage Cardano innovators with our community of donors.
Besides, CARD token has ranked as the number 1 launchpad by current ROI because CardStarter IDO participation requires users to stake CARDS tokens. This is the only way users can participate in a lottery or guaranteed pools.
Moreover, there are over 12,293 CARDS tokens wallets, making it the third-largest holder count of Cardano Projects.
SingularityNET is the first decentralized marketplace for AI algorithms that is secured by blockchain technology. This innovative platform gathered leading minds in machine learning and blockchain to democratize access to AI technology.
As of now, SingularityNET is moving from Ethereum owing to its notorious gas costs and scalability concerns.
Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token AGI. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance.
SundaeSwap is a decentralized exchange protocol for the Cardano Network, enabling native token and ADA exchanges for anyone. It promises to be the Cardano equivalent of Uniswap and is one of the early stage Cardano initiatives that generated much attention.
In May of 2021, SundaeSwap announced an Initial Stake Pool Offering (ISO). This makes the ISO allow traders to delegate t their ADA to a SundaeSwap pool. In return, they will receive some ADA staking rewards and others as project tokens.