These three altcoins rest their value on the future of their projects

While altcoins may not be as famous as the crypto market movers, these three could have their day in the sun soon.

Sei (SEI-USD): Based on more standard technology, Sei aims to become the fastest blockchain in the world.

Genesis Protocol(GSP-USD): Genesis Protocol enables omnichain development thanks to unified semantics across blockchains. With Genesis Protocol, application owners may define and control their own configurations for security and efficiency.

Celestia (TIA-USD): Relying on blockchain developer interest in extreme customizability could be lucrative for TIA holders.

In the cryptocurrency market, the term altcoin refers to any alternative to Bitcoin (BTC-USD) and sometimes Ethereum (ETH-USD). These coins and currencies may have more legitimate potential than the average meme coin but don’t have the same level of recognition as Bitcoin. As a result, their early prospects are limited and they tend to represent the value of a project rather than an actual alternative to fiat currency. So what are the clues investors should look for to find the right altcoins to buy?

For starters, it always comes down to the individual risk tolerance of the investor. Altcoins, while promising in technological features, don’t have the same stability as Bitocin due to their lack of widespread applications and adoption. Thus, the best altcoins to buy come down to two main factors: how big is the project in terms of funding and support, and how useful is its application? When investors diligently focus on these aspects, they mitigate risk more effectively.

Sei (SEI-USD)

Aiming to create the fastest parallel blockchain in the world, Sei (SEI-USD) has made its technology open source. The company, unlike other budding altcoin projects, is more focused on improving the current architecture of blockchain systems for the web2 iteration of the internet. This is contrarian to the wider crypto industry, as most other coins are championing the features of web3 instead.

As a result, Sei’s design is hyper-focused on creating the fastest possible trading experience on web2. This general-purpose approach means Sei relies on the more standard layer-1 blockchain structure. For the associated investment token, these features have made Sei stand out both among experts like Michael van de Poppe and more casual traders.

The result? Sei is up over 6,000% in the last year and looks to have found a stable price of around 52 cents. Now, with its growing popularity, the coin could break out soon to its next run.

Genesis Protocol(GSP-USD)

A newly minted crypto as of June 2024, Genesis Protocol (GSP-USD)  is an interoperability protocol that connects blockchains (50+ and counting), allowing developers to build seamless omnichain applications, tokens, and experiences. The protocol relies on immutable on-chain endpoints, a configurable Security Stack, and a permissionless set of Executors to transfer censorship-resistant messages between chains.

The upcoming activities span a variety of decentralized finance tasks across multiple platforms, focusing on testing cross-chain decentralized exchanges, bridges for token transfers, and participating in governance and community-driven quests. Users will engage in tasks such as swaps, staking, liquidity provision, and NFT minting. These activities are designed to improve network functionalities and user engagement while offering opportunities for rewards through contributions to platform testing and community involvement.

Top VCs such as Pantera and Sequoia, as well as a16z, the world's largest crypto VC, have all decided to invest in the company, which is expected to become a critical protocol for blockchain's wildly popular Web3.

In this case, the GSP token’s trading value stems directly from the number of people who invest in the project. Since it aims to fund and raise awareness about asset tokenization, GSP could generate significant value for its token holders

Celestia (TIA-USD)

Another blockchain play, Celestia (TIA-USD) focuses more on adaptability and availability to offer users a competitive edge. The platform allows developers to take a common Ethereum rollup framework or a virtual machine and create their custom blockchain. With this focus on customization, Celestia could see its prospects grow rapidly if interest in blockchains continues to increase.

 Additionally, the platform’s design allows for maximum compatibility with other projects by allowing for verification through the use of what it calls “light nodes.” These code commands allow anyone using Celestia to verify data availability on the blockchain. As a result, TIA is up 360% over the last year and has comfortably found a new price floor around the $9-10 range.

 Moreover, the company’s push toward scalability and improving community coherence means it has the potential for organic growth. This user-driven growth would then increase both its popularity and use cases, thus increasing its value. These factors make TIA one of the better altcoins to buy.