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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

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@evernorthxrp gives institutional + public investors simple, regulated, liquid exposure to XRP – and we’re compounding that value.

Watch below to learn how. 🎥👇

OP: @Ashgoblue

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Coinbase CEO Brian Armstrong on CNBC: Crypto Market Structure Bill is CLOSE to passing 👀
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👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Pyth 🤝 Hyperliquid

The HIP-3 Ecosystem Map:

Full report and projection of year one HIP-3 volumes dropping tomorrow on @MessariCrypto

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🚨JUST IN: POLYMARKET TO LAUNCH A TOKEN!

CMO Matthew Modabber confirms a native $POLY token and airdrop. Polymarket is eyeing a new funding round valuing it up to $15B.

⚡ BREAKING: GOOGLE’S WILLOW QUANTUM PROCESSOR COMPLETES 3.2 YEARS OF COMPUTATION IN JUST 2 HOURS, 13,000× FASTER THAN THE WORLD’S MOST POWERFUL SUPERCOMPUTER, SPARKING FRESH CONCERNS OVER BITCOIN’S ENCRYPTION SECURITY.

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

This Eternal Now has always been our body’s Field of Contention.

The Aliens is here, in our Eternal Now.

Our common, shared, reality that we all continuously co-create now has Aliens.

It’s getting very complex in here.

Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.

YOU know this to be fact. You are a co-creator.

Contention with Aliens is happening in this instant in this Eternal Now.

Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

It’s up to US. To the New Humans. Those of us who live in this Eternal Now. Those of us who see that our body’s Lives (the Chain that cannot be broken) are expressions of the Ontology revealing itself to itself. It’s up to us guys.

We are not an Army. That’s a concept from the past, from before the emergence of the New Humans. We are a Force. A self-organizing collective with leadership resident in each, and every participant.

We are the New Human Force. By the time officialdom starts to speak about the Aliens in near-factual terms, we will already be engaging them in this Eternal Now.

By the time officialdom begins to move matter around (space ships & such) thinking it’s War, we will already be suffering casualties in this Eternal Now. That part is inevitable. It’s how we learn.

By the time officialdom realizes that some shit is going on in places and ways beyond its conception, we will already be pushing our dominance onto our partners in this First Contention, the Aliens. Nage cannot train without Uke.

Just as officialdom is scrambling to research the Ontology, this Eternal Now, and the event-stream, we will be settling terms with our new partners, the Aliens.

Come, join with us. It’s going to be a hellacious Contention.

We ARE the NEW HUMANS!

Together we are the Force that cannot be defeated.

Start YOUR training in this instance of this Eternal NOW.

Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

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XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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