Top 3 Altcoins Could 10x Easily From Its Current Valuations

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.

In the latest video, Dante DeFi, a famous Youtuber and invertor in the crypto space has recommended top could easily 10x from current valuations. 

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Kadena (KDA)

The first altcoin that could 10x easily from its current value is Kadena (KDA). Kadena is a public blockchain that aims to optimize for scalability and features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts.

Kadena also uses a new Proof-of-Work (PoW) consensus mechanism called Chainweb that consists of multiple individually mined chains working in parallel to execute network transactions. This design theoretically supports a high-transaction throughput at the base-layer without the need for any second-layer scalability or functionality solutions.

Kadena is so special because it has done something or is claiming to do something that is a major bottleneck for crypto. In general and Bitcoin specifically, and Ethereum the proof of work consensus model that exists within Bitcoin and Ethereum is what allows for transactions to be confirmed on the blockchain.

So you could end up you know trying to complete a transaction on the Ethereum blockchain, that may be only worth $500. And the gas fee costs for your transaction to actually be confirmed could be a hundred dollars. So it’s obviously not efficient.

One of the most important things in crypto that we can focus on in my opinion, figuring out what is the cheapest and most efficient way. That big institutions organizations peer peer to peer transactions are gonna occur without incurring a lot of fees and being as efficient as possible. So, Kadena has this thing known as Chainweb and that is its consensus model.

Chainweb is supposedly proof of work which has all the benefits of being extremely secure and decentralized, but not scalable and Kadena claims that Chainweb is infinitely scalable proof of work, which basically is advancing upon the idea of what Bitcoin initially started with but with the addition of smart contracts. 

Kadena is basically doing what Ethereum does, and what Bitcoin does supposedly with unlimited scalability and decentralization. this is massive because there are so many different projects in this space that claim to be able to do this, but what makes this different is that Stuart Haber, who is actually the co-inventor of blockchain and a direct and the only actually cited reference in the Bitcoin white paper by Satoshi is an advisor to this project.

Chainlink (LINK)

The second one to mention on the list is Chainlink (LINK). Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

A lot of people hate Chainlink because it hasn’t performed well in comparison to the rest of the market. But what people forget is that during the biggest bear market, that we’ve had in the last couple of years was when Chainlink actually saw its most successful time as a project.

But nobody remembers that because most people got in after that and in 2021 Chainlink went all the way up to 50%, but then did not seem to perform at all afterwards. And that did have a lasting effect on the sentiment towards Chainlink,  but Chainlink is a project that has immense potential up there with Quant (QNT) in terms of its potential. 

Chainlink is attempting or has been developing towards and people will see higher prices than where it’s at right now. 

Theta Network (THETA)

The last altcoin to 10x easily on the list is Theta (THETA). Theta is creating centralized or decentralized streaming and what that means is instead of going and using Youtube, relying on your internet speed, or on your connection to centralized databases in order to watch in 4k, 5k.

Upload and download with decentralized networks such as Theta, you’re using and being able to use the computing power of every single computer that is involved or interacting with the network that is Theta or creating nodes on Theta.

And what that allows for you to do is have infinite scalability of your computing power in order to stream in order to upload and download and we’re eliminating a huge piece of transacting on the internet whether it be through transacting within media or transacting. 

We can see the clear use case of and base on the amount of backing that Theta actually has, this project is going to be successful in the long run. That’s why Theta is the last but not least on the list.