As Q3 2024 wraps up, the crypto market has faced challenges, but many analysts are positive about what lies ahead in Q4 and into 2025. Altcoin Buzz took to their latest analysis and listed three altcoins that are gaining attention for their unique strengths.
Oraichain (ORAI):
Oraichain focuses on artificial intelligence (AI) and is designed to ensure the validity of AI-generated data. This is important in a world where misinformation can spread easily.
Why It Matters
With the rise of AI, the need to verify data has become critical. Oraichain provides oracles that help confirm the truth of information, making it a key player in the AI space.
Recent Performance
After a challenging few months, ORAI has shown signs of recovery. It’s currently a mid-cap coin with a market cap over $100 million and has rebounded significantly from its August low.
Polymesh (POLYX):
Polymesh is focused on tokenizing real-world assets (RWAs) in a secure, compliant manner, making it attractive to institutions.
Why It Matters
Tokenization can bridge the gap between traditional finance and blockchain, allowing for more accessible investment opportunities in regulated environments.
Recent Performance
POLYX has been stable, showing a 60% increase from its recent low. While there are concerns about its tokenomics, the potential for RWAs makes it a noteworthy contender.
UXLINK (UXLINK):
UX Link provides the infrastructure for users to create their own decentralized social networks, unlike many projects that focus on specific apps.
Why It Matters
As concerns about data privacy grow, decentralized alternatives to traditional social media are becoming more appealing. UX Link empowers users to build platforms tailored to their needs.
Recent Performance
Since its launch in July, UX Link has fluctuated but recently climbed back up from its August low. With significant room for growth, it’s gaining attention in the decentralized social space.
