Crypto Gems: Top crypto assets to watch & buy in June 2024
– ASI, AIOZ, TAO (higher risk, great returns)
(ASI) is about to launch mid-June with the merger of three AI behemoths and their tokens – (FET), (AGIX) and Ocean Protocol (OCEAN). The merger is expected to accelerate investment into AI, facilitating the commercialization of cutting-edge AI technologies and enabling wide-scale access. Collectively, the three tokens enjoy a market cap of $3.4 billion today. ASI will start at that base value and can likely do a 5-7x over 18 months if it becomes the go-to-AI-platform in .
AIOZ network (AIOZ) is an infrastructure solution for Web3 storage, decentralized AI computation, live streaming and video on demand (VOD). AIOZ Network's combines the robustness of Cosmos and the compatibility of the Virtual Machine (EVM). AIOZ has active collaboration with global brands - Google, Qualcomm and Nvidia. AIOZ has already done a 5x this year. With a market cap of $0.8 billion, AIOZ can potentially grow 6-10x over the next 18 months.
Bittensor (TAO) is a decentralized open-source AI network where peers evaluate and incentivise valuable work. Multiple AI platforms (called subnets) can be connected to this blockchain with TAO fuelling the production of this intelligence. Bittensor is backed by Polychain Capital and has a market cap of $2.8 billion currently. TAO can grow by 5-7x over the next 18 months
Real World Assets (RWAs) – ONDO, PENDLE (medium risk, considerable returns)
RWA tokens represent various things like stocks, bonds and real estate which can be traded on smart contract-enabled blockchains such as Ethereum. We track two RWA projects with great potential.
Pendle (PENDLE) is a DeFi platform that offers its users yields in the form of tradable tokens. Pendle’s new RWA product uses MakerDAO’s Boosted Dai Savings (sDAI) and Flux Finance’s fUSDC stablecoin - both generate yields from traditional finance sectors. With a market cap of $0.9 billion, PENDLE can potentially do a 6-8x over 18 months.
Ondo Finance (ONDO) facilitates the tokenization of real-world assets such as real estate, commodities, and art. This allows investors to access fractional ownership of traditionally illiquid assets, diversifying their portfolio beyond typical . Backed by Pantera Capital and Coinbase, Ondo has an active partnership with Blackrock. With a market cap of $1.9 billion, ONDO can potentially do a 5-8x over the next 18 months.
Memecoins – NOT, DEGEN (highest risk, good returns)
Memecoins are driving growth and speculation in the crypto ecosystem this year. Whenever Bitcoin has shown strength, memecoins have surged. Three memecoins (DOGE, SHIB and PEPE) are now part of the top 25 crypto asset list. We cover two potential memecoins that have a strong community on their side.
Notcoin (NOT) is a meme game project in the TON ecosystem that uses the Telegram messenger as a technical platform. The developers offer users a simple "game" that allows them to "mine" virtual coins, which can potentially be converted into tokens. With a market cap of $2.1 billion, NOT can do a 6-8x over 18 months if momentum continues.
Degen (DEGEN) is a BASE ecosystem meme coin. Degen is a meme project where Farcaster (social network) users get points every time they interact on Farcaster. With a low market cap of $330 million, DEGEN can give high returns (8-12x) though it carries the highest risk.
The blue chips – BTC, ETH and SOL (lowest risk, decent returns)
It is prudent to pivot a majority of your crypto portfolio to the safest assets – Bitcoin (BTC), Ethereum (ETH) and (SOL). They are proven to enable adoption by new investors in the space (both institutional and retail). Their returns will be moderate (3-6x) but they drive the trend and volume in crypto.
(The author is Vikram Subburaj, CEO, )
(Disclaimer: The views expressed by experts are their own and do not necessarily reflect those of )
Source: Forex-Markets-Economic Times
