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thedinarian@thedinarian

September 17, 2024

💥 Undervalued Yet Promising: Crypto Tokens to Watch for the Rest of 2024 💥

In the cryptocurrency world, with a market cap reaching $2.04 trillion according to Coincodex, uncovering undervalued tokens could yield exponential returns. The diverse cryptocurrency ecosystem, home to various tokens with differing values, offers opportunities to find those that are currently undervalued.

Factors such as market inefficiencies, low profile, or unrealized potential can lead to undervaluation. To identify these hidden gems, you must look into the key benchmarks that make them stand out and have the potential to grow. These benchmarks could include but are not limited to market capitalization, partnerships and collaborations, and growth potential.

Let us zoom in on some of the most promising undervalued tokens and their potential for significant growth.

List of Undervalued Tokens in 2024

1) FANTOM

Fantom is a layer-1 blockchain that was created to have secure and efficient smart contract programs. Ever since it has been increasing scalability while still lowering transaction costs. In fact, Fantom boasts of having a near-instant finality of one second, which makes it an efficient ecosystem for developing dApps as well as executing peer-to-peer financial transactions.

Fantom has its native token, $FTM, which serves the purpose of payment and fees, staking, and governance. It is currently valued at $0.4845, down 85.9% from its all-time high of $3.86 almost three years ago. Comparing it with its peer tokens reveals that while layer-1 tokens are up by 0.30% in the last 7 days, $FTM has managed to rally 21.60%, outperforming the general cryptocurrency market which has gone down by 0.30%.

Additionally, Sonic Labs stated that the Fantom $FTM token will soon migrate to Sonic $S with holders of $FTM having their tokens converted to $S in the ratio of 1:1. At the current price, $FTM is undervalued and should the transition happen smoothly, has the potential to rally as more technological advancements will be implemented for speed and efficiency.

2) Agoric ($BLD)

Agoric, a platform built on the Cosmos blockchain, aims to bring secure smart contracts to the internet using hardened JavaScript. This makes blockchain programming more accessible to over 17 million developers. By making blockchain accessible to millions of JavaScript developers, Agoric can expand DeFi adoption, which could increase demand for their $BLD token as more developers stake and participate in governance.

Agoric has its native token $BLD, which fulfills its governance and staking purpose, securing the network and offering rewards to participants. As of the writing of this, $BLD was valued at $0.05023. Despite this value being a 93.3% drop from its ATH of $0.7512, the token has shown a bullish trend that saw it recover from its all-time low of $0.03706. This recovery, along with projected DeFi market growth, suggests $BLD may be undervalued.

With Agoric’s recent developments, such as the introduction of Agoric’s Orchestration API, which simplifies cross-chain interactions, crucial as Web3 becomes more integrated, and a new listing on BitMart, the platform demonstrates its strong growth potential. The Zoe framework further strengthens the platform by ensuring safe transactions, which can attract developers looking for secure smart contract execution. Therefore, as demand for developer-friendly blockchain tools grows, Agoric’s innovations position $BLD as an attractive option for forward-looking investors.

3) Beam Network ($BEAM)

Beam Network blockchain-based gaming network that allows both developers and gamers to collaborate and reshape the gaming industry. Brought to life back in 2021, and empowered by the Merit Circle DAO, Beam Network has created highly immersive and engaging blockchain-based games.

Through the use of its native token, $BEAM, token holders can govern the network and also pay for transactions within the network, allowing for a seamless gaming experience. Since its inception, $BEAM managed to hit its all-time high (ATH) at $0.04 six months ago. Ever since, it has been on a constant downtrend. While it has been on a downtrend since then, a closer look at its price today ($0.0128) compared to its price almost a year ago ($0.004) reveals that it is on the right trajectory.

The Beam Network, through the BEAM SDK, gives developers the freedom to create builds that match their vision. This open approach encourages development, which can then drive up the price of $BEAM.

For example, Beam’s game Fableborne received positive feedback on their X page, which suggests a higher valuation if the game and future releases are well-received.

4) Ocean Protocol ($OCEAN)

Ocean Protocol is what you get when you merge decentralized networks, crypto, and blockchain technology. Built to facilitate private and secure data sharing, Ocean Protocol sure does live up to its intended purpose. By allowing individuals with in-demand data to tokenize and offer their data on the Ocean Market, is a groundbreaking development, especially for AI and Machine Learning.

Ocean Protocol’s native token $OCEAN, a multi-functional utility asset used for staking, governance, and transactions within the Ocean ecosystem is currently trading at $0.5835. Looking at its current price relative to its ATH, it is evident that its price is discounted by 69.7%, showing some room for higher valuation. Furthermore, its popularity in both blockchain and technology has earned Ocean Protocol a leading position, likely to positively influence its overall price in the future.

Conclusion:

The analysis of these undervalued tokens with strong growth possibilities emphasizes that in the rapidly changing world of cryptocurrencies, true value lies in projects that blend innovation with strategic vision. Each of these tokens offers something unique, whether it’s cutting-edge technology, a daring approach to scalability, innovative data economies, or enhanced privacy and security features.

As the market develops, projects that address real-world problems and capitalize on emerging trends are likely to fuel the next phase of growth. To succeed in this space, in-depth research and a strong grasp of the shifting crypto landscape are crucial.

https://coinedition.com/undervalued-yet-promising-crypto-tokens-to-watch-for-the-rest-of-2024

COINEDITION.COM

Undervalued Yet Promising: Crypto Tokens to Watch for the Rest of 2024

In the cryptocurrency world, with a market cap reaching $2.04 trillion according to Coincodex, uncovering undervalued tokens could yield exponential returns. The diverse cryptocurrency ecosystem, home...

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Show me more content first

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👉 Don't miss out on this opportunity to be a part of the Sonic Labs journey! Stay tuned for more updates and get ready to swap your Fantom for the new $S token!

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thedinarian@thedinarian

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Going Cashless: Stablecoin Payments 101

What are stablecoins?

A stablecoin is a type of digital currency designed to make transacting with crypto more practical. Most stablecoins are pegged to a fiat currency like USD or EUR. Because of this, stablecoins have acted as a gateway into using blockchain and digital assets for payments amongst users concerned with cryptocurrency price volatility.

Like many digital assets, stablecoins can provide broad, inclusive access to the financial system, and enable the fast and efficient movement of value. In 2022, fiat backed stablecoins transacted $6.87T, eclipsing both Mastercard and PayPal in terms of moving value across networks.

How do stablecoins work for payments?

Using stablecoins for payments combines the benefits of blockchain technology — namely greater security, transparency, cost efficiency, and speed — with the trust and familiarity of traditional fiat or local currency.

As demand for stablecoins grows, particularly as cash use experiences a historic low, more individuals and businesses are considering these assets as payment alternatives. The number of Americans who say they did not use cash to make a purchase in a typical week is now 41%, up from 29% in 2018. Business owners are increasingly finding the switch to stablecoin payments advantageous, noting rising consumer demand, faster checkouts, lower labor costs and increased security.

The trend towards stablecoin use is driven by the benefits of blockchain technology that add improvement over credit-card and other traditional payment types.

Stablecoins reduce the role of intermediaries in the current financial system and support direct transactions between merchants and consumers, reducing intermediary costs. Because stablecoins are cryptographically secure, users can settle transactions almost instantaneously without double-spending or other problematic settlement facilitation.

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Adoption of new digital payment methods offers significant benefits to customers and society: improved efficiency, greater competition, expanded financial inclusion, and innovation.

Stablecoin market at-a-glance

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Ripple USD is built with regulatory compliance as a defining feature, bringing with it an opportunity for developers, payment providers, exchanges and others to benefit from the stability and transparency Ripple is uniquely able to provide. With over a decade of experience at the intersection of crypto and finance, and a proven track record working with regulators and policymakers across the globe, Ripple is accelerating the digital asset economy with RLUSD.

What about stablecoin regulation?

On-trend with the rest of the global crypto industry, regulation of this new asset class has already begun to take shape, and tends to merit more political support than crypto regulation more broadly. Stablecoin regulation is quickly progressing across the globe, from North America and Europe to Asia, and more recently, the UAE.

The U.S. is witnessing regulatory progress with recent bipartisan support for the 'Clarity of Payments Stablecoin Act'. If passed, the legislation could unlock stablecoin innovation led by private players in the blockchain industry, allowing anyone with consumer distribution (social, commerce, finance) to partner with a regulated stablecoin issuer.

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thedinarian@thedinarian

19 hours ago

OpenOcean v4 Lightning: The Fastest Trading Solution on 30+ Chains

👉 A New Tool For The Crypto Toolbox

In the rapidly evolving world of DeFi, staying up-to-date is crucial to keep your capital ahead. OpenOcean Lightning is here to support your serious DeFi trading and development needs.

Introducing OpenOcean Lightning ⚡️ — a major update designed to deliver the fastest, most accurate, and most scalable DeFi trading solution. This revolutionary update is effective on both OpenOcean frontend UI and API.

Whether you’re building a cutting-edge dApp, engaging in trading, market making, or arbitrage, OpenOcean Lightning ensures you get the best on-chain prices and elevate your DeFi strategy.

Here’s why OpenOcean should be your go-to choice:

1. Fastest Response Time for Unbeatable Accuracy

Speed is key for on-chain trading. OpenOcean Lightning delivers a lightning-fast response time at average under 150ms, which is 3.3x faster than other DEX aggregator leaders. This rapid response ensures the most accurate on-chain price quotes, resulting in the highest transaction success rates and reduced slippage, ultimately leading to the most efficient and cost-effective trades.

2. Deepest Liquidity & Widest Reach for Best Swap Prices

OpenOcean is the aggregator with the widest reach, now supporting 30+ chains, including Ethereum, BTC Layer 2, Solana, major L2s like Base, Arbitrum, BNB Chain, Optimism, (Sonic"previously Fantom") and more. By integrating more than 1,000 liquidity sources, OpenOcean covers over 99% of liquidity on major chains. For example, OpenOcean has the deepest liquidity on Arbitrum as it’s the only dex aggregator with $400m GMX v2 pools indexed.

Plus, OpenOcean Lightning intelligent routing algorithm ensures you get the best prices by effectively navigating the deepest liquidity. Whether you’re trading popular DeFi blue chips or exploring memes, OpenOcean guarantees optimal swap prices, offering confidence in every trade.

3. Enhanced Security for Every Swap

The Dynamic Slippage mechanism is applied on OpenOcean Lightning to enhance MEV protection. When switching to MEV mode, it automatically applies the optimal slippage in the swaps to prevent MEV losses. In the simulation testing, 90% of swaps received the slippage optimization, with over half of cases achieving a reduction of more than 40% and better prices.

To further enhance security, OpenOcean is integrating Permit2 to reduce approval risks. With no major security issues since 2020, you can trade confidently with OpenOcean, knowing your large and small trades are well-protected.

4. High Capacity and Scalability: Handles 1k+ RPS with Ease

Planning for growth? OpenOcean v4 Lightning can handle it. OpenOcean Lightning API could scale up to manage over 1,000 requests per second, ensuring smooth and reliable performance even during the busiest trading times. Perfect for high-frequency trading, bots, and large-scale industry-leading DeFi dApps. Reliability during peak times isn’t just a goal — it’s a guarantee.

5. Monetize Your Apps with Professional API Support

Looking to turn your dApp into a money-making machine? OpenOcean Lightning API provides all the tools you need — swaps, limit orders, DCA, and cross-chain swaps. Plus, OpenOcean API fee-generating settings and real-time on-chain data dashboards give you the insights to stay ahead of the game. Need something special? OpenOcean developer team is ready to help you customize the perfect solution.

Start Building with OpenOcean Lightning Today!

Join the ranks of top projects like Metamask, Rabby, LiFi, and other 150+ industry partners who trust OpenOcean Lightning to power their trades. With millions of successful calls already under the belt, OpenOcean is ready to help you boost your DeFi operations.

The best part? You can start with a free starter plan — no hidden fees. It’s time to level up your trading with OpenOcean Lightning.

API Docs: https://docs.openocean.finance/dev/aggregator-api-and-sdk

Try Swap Here: https://app.openocean.finance/

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thedinarian@thedinarian

20 hours ago

⛓️ Understanding Theta and TFuel Staking ⛓️

Before diving into the staking process, it's essential to understand what Theta and TFuel are and why staking them is beneficial. Theta and TFuel are both native tokens of the Theta Network, a decentralized video delivery network powered by blockchain technology. Staking involves locking up your tokens in a smart contract to support the network's operations, such as validating transactions and securing the network.

Choose a Wallet

To stake Theta and TFuel, you'll need a compatible wallet that supports staking. Popular options include Theta Wallet, which is the official wallet for Theta Network.

Supported Theta Wallets

How To Stake Theta and TFuel

For a quick and easy-to-follow guide on staking Theta and TFuel, check out our step-by-step tutorial available on our website.

How To Videos

Which Node

Need to unstake your Theta or TFuel but can't recall the address of the node you staked to? No worries! Our Node Search feature has got you covered. Simply head over to our Node Search page, where you can effortlessly locate the node where you initially staked by filling in your address.

How to Find Your Node(s)

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