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As the crypto market enters a new phase, the stage is set for a potential bull run driven by the increasing wave of institutional adoption. The recent surge in interest from major financial players has infused a renewed sense of optimism among crypto enthusiasts.

As this surge in demand comes amid the alt season, identifying altcoins that could capitalize the most on this trend is currently one of the most significant tasks for crypto traders.

In that light, Finbold handpicked 5 lesser-known hidden gems that have the potential to deliver 10x returns in the next alt season.

Inspired by a character from the One Punch Man anime series, Saitama (SAITAMA) is a cryptocurrency that emerged as an altcoin that emerged during the meme coin mania.

However, in June 2022, the Saitama token contract saw a major upgrade, which brought important security features and performance improvements to enhance the tokens viability and longevity.

But the most important part of the upgrade is SAITAMAs shift from a meme coin to a utility token, providing it with a functional purpose within its own ecosystem.

This month, more than half of SAITAMAs total token supply has been permanently burned, leaving 45 billion tokens in circulation.

Another altcoin that may flourish amidst the ongoing alt season is The Sandbox (SAND), a cryptocurrency that amalgamates the finest attributes of blockchain technology, gaming, and the metaverse, presenting a promising opportunity for investors.

Created as a native token of The Sandbox, the SAND is a utility asset that can be used to build, control and sell the virtual world and gaming experiences.

This month, The Sandbox released its Singaporean neighborhood Lion City as part of its Asian expansion an experience that the metaverse developer has been building for 9 months. The virtual neighborhood consists of 512 virtual non-fungible tokens (NFTs).

Built on top of the Cosmos blockchain, Osmosis (OSMO) is an AMM decentralized exchange (DEX) focused on the InterchainDeFi movement the emerging trend of connecting multiple blockchain networks to enable seamless interoperability and the integration of decentralized finance (DeFi) protocols across different chains.

Osmosis accounts for around 40% of all transactions that take place between blockchains on Cosmos.

OSMO refers to the native token of the Osmosis exchange, playing a crucial role in governing the platform and incentivizing participants to provide liquidity and stake their tokens.

Its importance lies in enabling decentralized governance decisions and fostering liquidity provision, thereby facilitating the efficient functioning of the Osmosis DEX and driving the growth of the ecosystem.

Fantom (FTM) is a blockchain network often compared to Ethereum (ETH) because it aims to offer a scalable framework for developers to design, develop, and launch decentralized applications (dApps) and crypto projects that power smart contracts.

Through the use of its native crypto asset FTM, Fantom intends to revolutionize the blockchain industry and address some of the issues faced by more mainstream blockchains. With its low network fees and one-second transaction finality, Fantom has attracted robust support from established crypto projects like Curve, C.R.E.A.M, and SushiSwap.

Meanwhile, FTM plays a crucial role in achieving Fantoms objectives, as it helps secure the network through staking, governance, payments, and fees. Having said that, it represents another altcoin that could explode if Fantom manages to achieve mainstream adoption.

VeChain (VET) is a blockchain platform that focuses on supply chain management and enterprise solutions. It aims to enhance transparency and traceability by utilizing blockchain technology to track and authenticate products throughout their lifecycle.

The platforms native token is VET, which serves as a means of value transfer, governance, and rewards within the VeChain ecosystem.

VET has the potential to attract investors attention due to several reasons. Firstly, VeChain has established partnerships with prominent companies and organizations, including PwC, DNV GL, and Walmart China, which highlights its credibility and real-world adoption potential.

Further, the platforms focus on supply chain management addresses a significant pain point for businesses, offering them improved efficiency, reduced costs, and increased trust in their supply chains.

These factors combined make VET an intriguing investment opportunity for those interested in the intersection of blockchain technology and supply chain management.

In summary, SAITAMA, SAND, OSMO, FTM, and VET offer unique features and advantages that could propel them to 10x gains. With real-world adoption and innovative use cases, these tokens may be primed for success in the upcoming alt season.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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5 cryptocurrencies that could give 10x returns in alt season - Finbold - Finance in Bold

It has long been known that Bitcoin lacks functionality more commonly available in newer blockchains. Some of the primary limitations are a lack of smart contract capabilities and the inability to handle large numbers of transactions efficiently.

Although these limitations aim to maintain decentralization and security, they have inadvertently led to the development of innovative use cases for cryptocurrencies to occur on other blockchains that offer greater flexibility and functionality.

However, circumstances are changing thanks to a new up-and-coming blockchain known as Stacks(CRYPTO:STX).

Image source: Getty Images.

Known as a Layer 2 blockchain, Stacks makes Bitcoin programmable through the use of smart contracts, the foundation of decentralized applications. Now non-fungible tokens (NFTs), decentralized finance (DeFi) applications, stablecoins, and much more can be created all while maintaining finality with Bitcoin's highly secure main chain.

Not only does Stacks add programmability, but it also helps scale Bitcoin so that transactions are handled faster while minimizing pesky fees.

Statistics show that demand for Stacks' native token, STX, which is used to pay transaction fees and reward miners for securing the network, is growing at an impressive rate.

In a recent first-quarter overview presentation, management highlighted several metrics that portray just how much growth is occurring on the young blockchain. From the fourth quarter of 2022 to Q1 2023, the total number of STX addresses grew by 16%. In the same time frame daily active addresses increased 33%.

With more active addresses, transactions followed a similar pattern. Between Q4 2022 and Q1 2023, transactions increased 45%. Furthermore and perhaps most importantly, the total number of smart contracts built grew 150%, a sign there is more development occurring on the blockchain.

Since the failure of multiple cryptocurrency companies in 2022, the Securities and Exchange Commission (SEC) has been on a tear trying to rein in the industry through lawsuits and enforcement actions. While other cryptocurrencies will likely suffer as the agency continues its campaign, Stacks might avoid a worst of it because its founders willingly navigated regulatory red tape and obtained recognition as a security with the SEC back in July 2019.

Regulatory clearance can reassure holders that the potential for unforeseen allegations or lawsuits is unlikely, a level of certainty that sets Stacks apart from most other cryptocurrencies.

The Nakamoto Release, scheduled for later this year, will unveil a slew of added features to the network that help increase security, capabilities, and scalability.

Perhaps the most anticipated aspect of the upgrade is the introduction of sBTC, a trustless, non-custodial 1-to-1 Bitcoin pegged asset, which will take capabilities to a new level. By enabling seamless interoperability between Bitcoin and smart contracts, sBTC bridges the gap between the traditional Bitcoin market and the decentralized finance ecosystem, empowering Bitcoin holders to explore DeFi applications without having to relinquish control of their Bitcoin. This groundbreaking development is a true game changer and unlocks a new world of possibilities by granting Bitcoin full programmability in truly trustless fashion.

In addition to sBTC, the Nakamoto Release will introduce new scaling features to promote frictionless transactions. Transactions are currently constrained to Bitcoin's 10 minute block time, but the introduction of "fast blocks" will speed up transaction finality to about 5 seconds.

Most importantly, as a result of the Nakamoto Release, Stacks' security will be completely backed by all of Bitcoin's hash power. This means that to infiltrate the Stacks network, hackers will have to target the Bitcoin blockchain, a feat yet to be accomplished and unlikely to ever happen.

A handful of timely developments and recent recognition of Bitcoin's evolving use cases seem to be helping Stacks build momentum. In the last month alone it is up about 23%.

Yet Stacks likely has plenty more room to run. For reference, compare Ethereum, the most widely used programmable blockchain for DeFi use cases. Today, Ethereum's market cap is around $225 billion with about $25 billion locked into its DeFi ecosystem, or roughly 11% of Ethereum's total market cap.

If you apply the same logic to Bitcoin's potential DeFi economy, with its $600 billion market cap, that means Stacks is on the verge of tapping into a near $60 billion economy, a far cry from its current valuation of just over $1 billion.

Excerpt from:

1 Cryptocurrency Ready for a Bull Run - The Motley Fool

Disclaimer: The text below is a press release that is not part ofCryptonews.comeditorial content.

InQubeta, Chainlink, and Cardano have emerged as standout tokens in the crypto market, igniting excitement and anticipation among investors.

These tokens have recently experienced significant value increases, prompting many to consider them as top choices for long-term investment.

With InQubeta's successful presale raising over $600,000 and growing, it's clear that these tokens are garnering attention and interest from the crypto community.

Lets explore each of them and why smart investors should consider adding them to their portfolios today.

InQubeta has garnered significant attention with its successful presale, raising over $600,000 and growing.

This AI-focused ecosystem aims to empower struggling AI startups by providing funding opportunities through fractionalized non-fungible tokens (NFTs).

Here are four reasons why InQubeta could make a bullish rally in the next quarter:

Chainlink is a decentralized oracle network that connects real-world data with smart contracts on the blockchain.

It enables seamless interactions between off-chain data sources and on-chain smart contracts, enhancing the capabilities and functionality of decentralized applications (dApps).

Here are four reasons why Chainlink could make a significant rally in the next quarter:

Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications.

With its unique approach to consensus and rigorous research-driven development, Cardano has gained recognition and credibility within the crypto space.

Here are three reasons why Cardano could make a significant rally in the next quarter:

InQubeta, Chainlink, and Cardano stand out as promising tokens with the potential for substantial rallies in the next quarter.

Chainlink's oracle technology, Cardano's development roadmap, and InQubeta's innovative approach to supporting AI startups all contribute to their positive outlooks.

As the crypto market continues to evolve, considering these tokens for inclusion in your portfolio could position you to benefit from their growth potential.

Continued here:

Want To Generate Wealth From Crypto?: Add InQubeta (QUBE ... - Cryptonews

Flare Network, a data-centric layer 1 blockchain, announced its partnership with aiPX Finance to launch a decentralized non-custodial perpetual exchange on the blockchain. The DEX allows traders to deposit their assets into smart contracts, eliminating the need for a third party to enhance direct trading. Following the launch, users on Flare can leverage their trade positions by up to 30x, enhancing the liquidity provision for users.

aiPX Finance is a fork of Level Finance, an iteration of the perpetual derivatives trading protocol GMX. The latest partnership with Flare aims at broadening decentralized trading on the blockchain. According to its website, aiPX provides a cutting-edge platform focusing on risk management and innovative solutions for liquidity providers.

The exchange will benefit from the Flare Time Series Oracle (FTSO), which delivers highly-decentralized price and data feeds to Dapps on Flare without relying on centralized providers. The data feeds will be used to calculate collateral calculations and liquidation thresholds.

Flares commitment to decentralization through the Flare Time Series Oracle and to breaking down and eliminating traditional barriers to quality data via innovations like the State Connector make building on Flare a no-brainer for us, said Sonic, CEO and Cofounder of aiPX. Flare highlights whats important in pushing the adoption of decentralized products forward, and were excited to innovate alongside their accomplished team.

At first, the blockchain-powered exchange will introduce three decentralized liquidity pools WUSDC, WFLR, and WUSDT with a roadmap to incorporate additional pools and token pairs as time progresses. Beyond facilitating perpetual derivatives, the platform will empower users with blockchain-enabled leverage trading, seamless token swaps, staking opportunities for protocol revenue participation, and inclusive user governance.

aiPX is a very welcome addition to the growing Flare DeFi ecosystem, Flare CEO and Cofounder Hugo Philion said. They are a strong development team, and we share their commitment to developing products that are decentralized and non-custodial, showing just what is possible in this space.

Having previously launched the Takepile DEX on the Fantom network, the latest move on Flare aims to foster a seamless trading experience directly from users wallets, the team statement concludes.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Layer 1 Blockchain Flare Introduces Perpetual Contracts In ... - The Crypto Basic

(Kitco News) - Institutional investment into digital assets is once again on the rise thanks in part to the filing of an application for a spot Bitcoin (BTC) exchange-traded fund (ETF) by BlackRock, the worlds largest asset manager and it's not just specific cryptocurrencies that are garnering attention as blockchain technology is also being used to launch regulated investment products around the world.

A recent example of this is the Tel Aviv Stock Exchanges (TASE) Project Eden, which successfully issued a dummy digital governmental bond on a blockchain-based platform as an ERC-1155 security token using a dedicated decentralized app (dApp).

While this event marks a significant development in the digital bond space, Ralf Kubli, a board member of the Casper Association, said this is simply a veneer of innovation and potential the catalyst to spark the next financial meltdown.

Kubli sat down for an interview with Kitco Crypto to elaborate on this perspective and provide insight into where the future of blockchain-based investment products is headed.

According to Kubli, Current tokenization methods simply digitize the asset, not the liabilities or cash flows. In other words, an asset-backed token gets created and appended to a blockchain with a PDF of the Terms and Conditions attached. This means that tokenized assets, designed to be more efficient and automated, still require human intervention, which can introduce errors and discrepancies.

Kubli noted that A similar lack of transparency and verifiability around cash flows was one of the primary triggers of the 2008 banking crisis.

Diving into the concept of tokenization, Kubli said the terminology being used is not really correct due to the nature of financial assets vs. real-world tokenization. You can tokenize a financial asset because a financial asset is digital in its form, they are digital innate. When people talk about real-world tokenization, dealing with physical assets such as a house or car, they can only be represented on-chain, which poses a problem as it requires a verified link between what you are representing on-chain and what exists off-chain.

Kubli said one of the reasons he is so passionate about financial assets is because they are truly digital. These days we are hardly ever paid coupon payments in cash anymore; its all digital. Thats why Im so passionate about it. And the problem with these tokenization efforts in financial markets is that they are not digitizing the financial instrument; they are merely digitizing the form of the financial instrument and defining the obligations of the parties in the instrument. Not necessarily digitally, and certainly not with an algorithm.

Referring back to the digital bond released by TASE, Kubli said, a bond pays interest over time, so you need to define how this is calculated. If you dont actually have this logic in the token you basically only have a dumb token. So you just have a token that says, Hey, Im a bond, but if you want to know how much money that youre owed, please go and read the PDF, which is hashed inside my contract.

Thats not very efficient and it will basically not lead to anymore transparency, he said. It will not lead to more efficient markets, it will not lead to more liquidity.

This is where the concept of smart financial contracts comes into play.

You take the financial contract, which defines clearly the obligations of the parties to the contract, and then we combine it with blockchain to make a smart financial contract.

Approaching it in this manner aligns with computer scientist Nick Szabos definition of a smart contract, which is that it is observable, verifiable, enforceable, and has privacy, he said.

Integrating smart financial contracts

To help build out the smart financial contract ecosystem, Kubli has been working with the Casper Association and the Algorithmic Contract Types Universal Standards (ACTUS) Research Foundation to build out a Tokenization as a Service (TaaS) solution that translates financial instrument data into standardized Smart Financial Contracts on the Casper blockchain.

ACTUS was established in the wake of the 2008 financial crisis to create clarity around the cash-flow patterns of financial instruments that were based on collateralization.

The TaaS solution is an open-source standard that any business can use. It enables the creation of native financial digital assets that are machine-readable and executable, allowing for faster trading and settlement. Algorithmic logic is also tied to the underlying digital asset, which makes it possible to analyze, organize and automate information about any aspect of the financial instrument.

Kubli noted that while they have implemented some of these smart financial contracts on Casper, the solution is chain agnostic, which means that institutions can use it to launch contracts on any blockchain network.

He added that this system can be used in both cash flow-based environments as well as commodity-based environments, and both will benefit from the tokenization of these contracts. This aligns with the discussion that Kitco Crypto had with Ingo Rube at Kilt about the concept of applying digital identities to commodities to enable them to be recorded, tracked, and traded on the blockchain.

Once these assets are given digital identities on the blockchain, you can build financial instruments on top of it, Kubli said. Its a lot easier; its standardized. It lets you reap the benefits of blockchain which is efficiency in mid-office and back-office operations.

One company that has already implemented a similar solution in the precious metals market is aXedras, a Swiss-based distributed ledger technology (DLT) infrastructure and application provider digitizing the precious metal value chain, from miner to investor. They are really far ahead in the bullion market, Kubli said.

The importance of transparency

The main idea behind what Kubli is helping to develop is a way to provide a clear definition of an asset's cash flows on-chain. While you cant make calculations or computations on-chain due to costs, you can represent a computation of the instrument on-chain, and then when you look at the instrument on-chain, at any given time, you can see whether you have paid any monies due and can see what the future obligations are, he said.

This can be combined with concepts like zero-knowledge proofs that will allow you to hide the positions you hold, he added.

Kubli called this type of solution a precondition to efficiency. If you just have multiple random programmers programming bonds in their own ways, at some point you will have all these representations of bonds living on these new rails, but then the complexity of what it is that I am looking at has just increased even more.

One of the best applications of this solution is decentralized finance (DeFi), he said, because DeFi is mainly just over-collateralized lending currently, but with the introduction of smart financial contracts that can deal with cash flows over time, you can have real financial instruments live in DeFi environments.

DeFi and TradFi are both finance, the only difference is the counterparty, he said. You have a centralized counterparty, you have no protocol, and you have people that assert that what they are doing is correct, even though many times theyre not. In order for DeFi to scale beyond overcollateralized lending, as you have on AAVE, you need smart financial contracts that live in the DeFi environment.

When it comes to applying the solution in TradFi, Kubli said they are currently in talks with five investment banks in Europe on the integration of the new smart financial contract system and have also had some preliminary discussions with Citibank in the U.S.

Regulatory developments

On the topic of the recent passage of the Markets in Crypto Assets (MiCA) bill in the EU, Kubli said that it is a good starting point for a regulatory framework that people can build from. That being said, he also suggested that developers shouldnt sit around waiting for global regulations, they have to innovate.

As for the effects the solution could have on global financial markets, Kubli said that the situation at FTX could have been avoided if we had smart financial contracts because we would have seen the positions that they were building and would have known that it wasnt sustainable. The same is true for the collapse of Terra/Luna. It was clear in the code that once it reversed, it was infinite dilution, and it was right there in the code.

The standard we are building was the result of the 2008 financial crisis, Kubli said. This standard is about having transparency, which helps provide a better understanding of the waterfalls of cash flows and all the obligations that are inside a token in a machine-readable and machine-executable fashion. Thats the key. There's going to be zero adoption unless you have that logic inside the tokens.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Tokenization 2.0: How smart financial contracts are revolutionizing ... - Kitco NEWS