3 Altcoin GEMS to watch out for!! (HUGE potential)

Boxmining avatar Boxmining
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Description

Now is the perfect time to talk about 3 cryptocurrency gems to watch out for. These altcoin gems are coins we feel have huge potential and are going to take off to the moon especially where activity i...

AI Analysis

This video dives into three under-the-radar altcoin gems that are poised for significant growth, especially given the high activity in the crypto space. The selection criteria for these coins are strong foundational technology, a clear value proposition, and a vibrant community, all while still flying under the mainstream radar, which hints at their explosive potential. These are the top picks for November 2021, believed to have 100x potential once they gain mass attention.

### Dose (DOSE)

Dose is an exciting project that’s gamifying health and fitness, taking the successful "Play-to-Earn" concept and expanding it into a "Play-to-Workout" model. It's a truly innovative approach to integrate crypto into daily life.

* Dose is currently sitting at a low market cap of $6.6 million, which is why it’s considered a "gem" with huge upside potential. It launched in early November and is still in its price discovery phase.
* You can acquire Dose tokens in two ways: either by buying them on exchanges like OKX, PancakeSwap, and Gate.io, or through a unique "proof of working out" mechanism. This means you can literally earn tokens by exercising.
* It functions as the world's first run-for-reward and sweat-to-win audio game.
* The project is backed by the team behind "Zombies, Run!", a very popular fitness app, so they have a proven track record in the fitness gaming space. They've already developed "CharaSmart Fitness" and "22 Pushups."
* Dose uses AI to track your movements and provide real-time feedback on your exercise form, which is a really smart application of deep learning.
* An upcoming app, "Dustland Runner," will task you as an agent delivering items in a post-apocalyptic world. The idea is that game missions and objectives, combined with zombie sounds, will motivate you to run further than just listening to music, and earning crypto ("ching") adds a powerful incentive.
* I feel that if "Play-to-Earn" caught on, "Play-to-Workout" could have a similar, if not greater, appeal to the general public, potentially bringing a massive wave of new users into the crypto space. This could be a significant turning point for broader crypto adoption.
* A key concern for Dose is its high fully diluted valuation (FDV) of $951 million. This means that if all 5 billion tokens were unlocked and in circulation, the market cap would be close to a billion dollars, which could put downward pressure on the price as more tokens are released over time.

### OneArt (ART)

OneArt is an NFT infrastructure project, essentially an advanced NFT wallet designed to simplify the collection, sharing, and trading of NFTs. It addresses a significant pain point in the current NFT market.

* The current challenge for NFT traders is that most activity happens on desktops using tools like MetaMask, making mobile interaction difficult. OneArt aims to bridge this gap by providing a seamless mobile experience.
* OneArt offers comprehensive tools specifically for viewing, collecting, and managing NFTs. It's built around the user experience of collecting digital art.
* It includes impressive features for showcasing your NFTs, such as augmented reality (AR) technology that lets you display your digital art in your physical environment, or the ability to broadcast your collection to a nearby TV to "flex" to your friends.
* Beyond just viewing, OneArt allows users to lend out their NFTs. This is huge, as NFTs can represent not just art but also valuable in-game assets, like expensive Axie Infinity characters. It also supports fractionalization, allowing ownership of parts of an NFT.
* The platform integrates decentralized finance (DeFi) applications directly into the wallet. This is where OneArt makes money and benefits its community and token holders. By facilitating lending and other financial applications for NFTs (even representing IP rights), OneArt can earn fees, helping artists monetize their work and fostering ecosystem growth.
* I’m really excited about OneArt because while it might not immediately seem like a flashy NFT project, it provides crucial underlying infrastructure. It’s "selling the tools to make NFTs good," which is fundamental for the entire NFT ecosystem to thrive and for more people to engage with digital assets.

### Lossless (LSS)

Lossless is a unique and incredibly vital project focused on cybersecurity for the crypto space, specifically designed to mitigate losses from exploits and hacks in DeFi. It’s been trading relatively flat for a while but recently saw insane growth, and is now in a consolidation phase, which makes it particularly interesting.

* Lossless is essential because it directly tackles one of the biggest problems in crypto: hacks and exploits. It helps projects recover stolen funds.
* Its core mechanism involves a piece of code that project creators insert into their tokens. This code enables Lossless to freeze and reverse fraudulent transactions based on a predefined set of parameters designed to identify suspicious activity.
* The project also fosters community involvement by rewarding users who help report hacks, incentivizing a collective defense against malicious actors.
* A powerful real-world example of Lossless's utility occurred in October when it assisted Cream Finance in recovering 5,100 Ether after a flash-loan attack, which had stolen over $100 million. This demonstrates its practical effectiveness in preventing major losses.
* Currently, Lossless has a market cap of $34 million. I feel this is incredibly low when you consider the immense potential for money that can be saved by deploying their smart contract security measures.
* Millions of dollars are being hacked from DeFi projects every single month, and this unfortunate trend is expected to continue until cybersecurity measures across the industry are significantly improved. Lossless offers a critical solution to this ongoing problem, making it an extremely important player in the crypto ecosystem.

Transcript

Oh man, it is so hot today, but it is also the perfect time to talk about our gems. These gems are the coins that we feel like is going to take off to the moon, especially this month where activity is going to be super strong. The criteria for choosing these coins is that these coins have solid tech. So a solid fundamental technology of good value proposition, a strong community. However, they don't have the mass attention yet because at the end of the day, what's going to cause that immense ex...