With Bitcoin setting a new all-time-high, piercing $70,000 in the process, and the vast majority of the other leading cryptos trending upwards, bullish vibes are sky-high among HODLlers—and maybe even some institutional investors.
The launch of numerous spot Bitcoin ETFs ahead of its halving event alongside a maturing, developer-driven pivot focused on providing actual value bodes well for the entire crypto and Web3 ecosystem. As such, we’re witnessing a growing number of innovative projects using blockchain technology to provide value with new use cases, solutions, enhanced infrastructure, and fewer scams and hacks.
While the Bitcoins, Ethereums, and Solanas of the world get most of the attention, crypto’s soaring market cap and newfound stability have been led from behind by a plethora of tokens belonging to innovative projects providing real utility.
Here’s a look at some of the most promising under-the-radar tokens to look out for this year.
ChainGPT: Building AI solutions for Web3
ChainGPT is a leading provider of AI-powered blockchain tools and services for retail users and enterprises.
Its roster includes an IDO launchpad and incubator which provide innovative Web3 startups with a decentralized funding platform alongside technical expertise and mentorship. Some of its other popular tools include a smart contract generator, an AI trading assistant, an NFT generator, and an AI-powered Web3 chatbot. ChainGPT also provides developers with easy-to-use APIs and SDKs to empower businesses to build the most advanced AI-powered tools within Web3.
ChainGPT’s ecosystem is backed by its utility $CGPT token, granting holders access to voting, staking, pad allocation, free access to its AI suite of AI tools, and more. Thanks to ChainGPT’s robust AI-infused ecosystem, $CGPT’s value has risen almost 7-fold since mid-November as the company continues to release new products.
$CGPT is listed on over 40 exchanges including HTX, PancakeSwap, and ByBit.
Dogelon Mars: The Tesla of memecoins
As one of the most popular memecoins at a time when they are making a comeback, Dogelon Mars ($ELON) pays homage to iconic entrepreneur Elon Musk—who singlehandedly put the world’s first memecoin, Dogecoin, on the map by tweeting about the project in 2020.
Created in 2021 using the ERC token standard, ELON isn’t just another memecoin, but rather a community built around an engaging character (Dogelon Mars) and his story. A memecoin’s success is only as good as the level of excitement and size of its community, and Dogelon Mars boasts around half a million followers on X. Its sophisticated approach and commitment to fairness led the project to decide to lock 50 percent of its token supply to ensure price stability.
ELON recently surpassed $1.2 billion in market capitalization and expanded to Solona where it is developing key partnerships to enrich its burgeoning ecosystem. ELON is available to buy or swap on dozens of exchanges including Gate.io, KuCoin, and Uniswap.
tomi: Making a decentralized web a reality
tomi is a DAO-governed Web3 project building a decentralized alternative to the existing internet. Its recently launched tomiChain will serve as the the backbone of tomi’s decentralized web and provide a scalable, high-performance layer of decentralized infrastructure. The tomiChain overcomes the constraints of mainstream Layer-1 blockchains such as latency, fees, and interoperability by facilitating seamless UX for users and smooth deployability for developers.
tomiChain’s incentive model ensures a sustainable business model by utilizing a computational-free system for decentralized apps (dApps) and a value-transfer model for users transferring tokens. With its shared gas fees, tomi incentivizes token creators and wallet developers to design and maintain top-quality dApps. The tomiChain also supports multiple-token transactions, a no-code token generator for entrepreneurs, and a full integration with the Data Ownership Protocol to give users complete control over their data in every interaction.
Solegenic: TradFi’s tokenization tool
Tokenized assets are rapidly becoming one of the most sought-after sectors within the Web3 space. Sologenic is helping meet that growing demand with its institutional asset tokenization platform which provides a wide range of asset tokenization services tailored for banks, brokerage firms, financial institutions, and asset managers.
Sologenic’s platform boasts a comprehensive suite of products including SOLONEX, a state-of-the-art tokenization platform, and a bespoke CBDC (central bank digital currency) solution. Its ecosystem caters to a quarter million active users, offering a user-friendly experience combining centralized speed with a decentralized architecture.
Powered by Ripple’s XRP Ledger, Sologenic offers a non-custodial wallet and a DEX, where its utility token SOLO serves as the centerpiece of its ecosystem. SOLO is listed on over a dozen exchanges and its own DEX, including ByBit, Gate.io, and MEXC.
With all arrows pointing to a bull market, the long-term stability of the industry depends on innovative projects like those mentioned above. Each of these projects is focused on addressing a specific niche, demonstrating that as a whole, the industry is heading toward a more robust and sustainable future.
Image by Collin Weaver from Pixabay
