Analysis of Three Promising Altcoins for June 2024

A recent post on Coinpedia Fintech News discussed three altcoins with substantial potential that analysts believe investors may have overlooked this season. These altcoins explore key themes such as gaming, privacy, and social connectivity, presenting promising opportunities aligned with current trends.

XRAY

One of the highlighted altcoins is XRAY, identified as an early investment prospect. XRAY stands out as a gaming wallet equipped with advanced functionalities. It is primarily developed as a mobile-first smart wallet tailored for ZK sync users, offering advantages like account abstraction and session keys.

Account abstraction feature enables gamers to maintain multiple sub-wallets within the primary wallet, enhancing security and convenience by restricting games to access solely game assets. Session keys empower players to pre-sign transactions, ensuring uninterrupted gameplay. Unlike versatile wallets such as MetaMask that lack these gaming-centric features, XRAY's specialized focus on gaming provides a notable edge.

Cheqd

Another coin highlighted in the analysis is Cheqd, emphasizing the concerning practices of AI and major corporations like Claude that collect user data without explicit consent. Cheqd, in collaboration with the analysis, aims to disrupt this trend by offering infrastructures that empower users to control their data and choose to monetize it.

Cheqd leverages verifiable credentials and zero-knowledge proofs to uphold user privacy. Through self-sovereign identity (SSI) methodology, Cheqd ensures that user data remains off the grid, with only decentralized identifiers (DIDs) stored on the ledger. These DIDs manage and verify credentials under the user's control, such as a driver's license, safeguarding against centralized entities like Google and governmental bodies managing personal data.

RTF

The analysis also sheds light on RTF, a novel project positioned beyond a mere game, serving as an innovative platform for fans, boxers, agents, and managers to immerse in the boxing world within a unified digital ecosystem.

RTF's primary objective is to streamline career development in boxing while fostering global connections among boxers. It operates as a boxer marketplace, enabling users to discover opponents for sparring or matches, engage with peers, and negotiate collaborative terms. Furthermore, boxers have the opportunity to provide sparring services for financial gain, epitomizing RTF as a comprehensive platform for the boxing community.