I would like to ask Charles how does he feel today? After he mentions that you should never go to him and talk about price appreciation. But you tell me. How does it feel today if you got onto $ADA at 30 cents per token? You would be over the moon, right? $ADA has a current price of $1.09. You would have had a 4x. Its ATH is $3.09, that’s a 9x. But that ship has sailed!Â
However, we’re at the start of a bull run, and we can still find such opportunities. So, here am I with three altcoins that hold potential may be much higher than $ADA.
Clearpool ($CPOOL)
RWA is one of the leading crypto sectors during this bull run. Clearpool ($CPOOL) is a project in this sector to keep an eye out for. We will have a dedicated Clearpool video coming up soon.
One of the things I like about Clearpool is that its team keeps building. It connects TradFi with DeFi. So, it helps that the team has a TradFi background.
$CPOOL Perpetual Trading Now Available on @gate_io!
Gate has introduced Perpetual Futures trading for CPOOL/USDT, offering leverage of up to 50x.
Start trading here
https://t.co/NcYGJIYOH8 pic.twitter.com/sCThAN1hi8
— Clearpool (launching Ozean
) (@ClearpoolFin) December 7, 2024
First, Clearpool’s focus is on institutions and retail. It offers a solution for unsecured liquidity in DeFi. So, it takes quite a novel approach to the over-collateralization issue.Â
With this unsecured institutional liquidity, institutions can raise short-term capital. On the other hand, the lenders’ returns are risk-adjusted.Â
For retail, that’s you and me, we now have access to the credit market. This was always closed for us. So, now we can be the lenders and earn yield. As a lender on Clearpool, you can track, manage, and hedge the risks of unsecured lending in real-time.Â
For this, it offers credit vaults and dynamic pools. Only two months ago, Clearpool’s TVL was $67 million. Now it’s up to $98 million. That’s almost a 50% increase in TVL. So, it seems that Clearpool is gaining traction.Â
Clearpool also launched Ozean earlier this year. The team built this on Optimism. You can earn native yield with $USDX. That’s a stablecoin on their platform.Â
#Ozean revolutionizes #DeFi by integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically.
$CPOOL will power the… pic.twitter.com/oPs6vkCXlS
— Clearpool (launching Ozean
You want to keep an eye out on Clearpool. The current $CPOOL price is 41 cents. It’s up almost 500% over the last year. Its market cap is $299 million. 722 million $CPOOL tokens or 72% circulate out of a max and total supply of 1 billion.
LFJ ($JOE)
You may know LFJ ($JOE) as Trader Joe ($JOE). In late September, it rebranded to LFJ.Â
I will leave it up to your imagination what ‘Let’s F***king Joe’ stands for. With the rebranding, the token logo had an update and received a brand-new look. No more farm overalls, instead, Joe has a new black tracksuit. Over time, LFJ will also roll out new features.
Meet Let’s F***ing Joe: The DEX for the everyday Joe.
Formerly Trader Joe XYZ, but reborn with a new identity. LFJ is the same great DEX, with a bold, big energy approach.
Brand Revitalization → https://t.co/2DpnOOC2q4 pic.twitter.com/r1OliTEAyJ
— LFJ (prev. Trader Joe) (@LFJ_gg) September 23, 2024
LFJ started on Avalanche and is a DEX. However, you can find it now on four chains. The other three chains are Arbitrum, BSC, and Mantle. It ranks third in TVL on Avalanche.Â
One of the reasons I picked LFJ today is because it is on Avalanche. That’s a legacy project that hasn’t started its run yet. Once Avalanche takes off, its ecosystem projects should follow suit.
So, what can you do on LFJ? Of course, it has a swap that’s very user-friendly. However, you can also find,
- Liquidity pools.
- Staking.
- A bridge.
- Farming options.
- Lending.
- An NFT marketplace.
So, you can see, it’s not your average run-of-the-mill DEX. LFJ offers many features, and there’s more to come. This is a strong point of LFJ. The current version is V2.2. As such, it offers very low fees and liquidity providers benefit from this. Â
The current $JOE price is 57 cents. That’s 9x from its $5.09 ATH. So, if it can beat that, we’re looking at least a 10x or more. The market cap is $217 million. It has a max and total supply of 500 million $JOE tokens. 377 million tokens are already circulating. A project to keep an eye out for.
Morpho ($MORPHO)
With Morpho ($MORPHO) we stay in DeFi. However, we’re in the lending and borrowing business. You can find Morpho on Ethereum and Base.Â
The $MORPHO token launched only a few weeks ago, on 20th November. However, the project has been around since 2022.
$MORPHO preparations complete.
Transferability will be enabled on Thursday, 21 November.
Read the full announcement below. pic.twitter.com/I2cnlKwWic
— Morpho Labs
(@MorphoLabs) November 18, 2024
On Ethereum, Morpho ranks as 14th in TVL, with $2.57 billion locked away. On the other hand, on Base it ranks as third. However, TVL is only $330 million. Still, that’s some good numbers.
In contrast to Clearpool, which I covered a moment ago, we saw unsecured liquidity. Not with Morpho though, it requires over-collaterization. This means, for example, that if you want to borrow $100, you need to put down more than $100 as collateral. That’s typical of DeFi.
However, Morpho allows you to create and manage isolated markets. These consist of,Â
- One loan asset.
- One collateral asset.
- Liquidation Loan-To-Value (LLTV). This assesses the risk level of borrowed assets.
- An oracle, to supply real-time and real-world data.
- And an interest rate model (IRM). This plays a role in user and protocol safety.
Today, the very first RWA Morpho Vaults integrating @coinbase Verifications have launched on @base.
The two vaults, curated by @SteakhouseFi & @Re7Capital, include collateral from multiple tokenization platforms including @centrifuge @Hashnote_Labs @MidasRWA. pic.twitter.com/qfcml4rVOc
— Morpho Labs
(@MorphoLabs) August 28, 2024
It claims to be the most secure lending protocol. That’s, among others, based on 23 different audits. One of them is by DeFi Safety. Out of 300+ audited projects, only Morpho achieved a 98% score. The highest score ever given by DeFi Safety.Â
The current $MORPHO price is $1.95. It has a $288 million market cap. However, the tokenomics are not that great. Out of 1 billion tokens, only 139 million circulate. But, keep in mind, it’s a newly launched token.
So, here are my three picks. How do you rate them, or do you have other projects you support?
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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