As September arrives, cryptocurrency markets often face challenges. However, Q4 is just around the corner, which is often one of the best periods. This week, one of the industry's biggest events, Korea Blockchain Week, could lift market sentiment. Let's look into three small-cap altcoins that might see growth this month.
Oraichain (ORAI)
Oraichain is a Layer 1 blockchain and AI-based oracle operating on the Cosmos IBC platform. Teams can develop apps and use the AI oracle to fetch off-chain information such as stock prices, weather data, or real estate prices. Oraichain offers interesting layers like the LLM Layer and DeFi Lens. The LLM Layer allows interaction with a large language model that can detect fake news. DeFi Lens provides tools for researching and evaluating DeFi options. Oraichain's token (ORAI) is trading at $5.35, with a strong 225% growth over the last 12 months, despite a 60% decline over the last 90 days. Its market cap is just under $100 million, with over 90% of tokens already in circulation.
ALEX
ALEX describes itself as the financial layer for Bitcoin, enabling the creation of financial apps like DeFi, DEXes, or BRC-20 protocols. Built on Stacks, the largest and most popular Bitcoin Layer 2 chain, ALEX will benefit from Stacks' upgrade, which includes faster block times. ALEX also offers a wrapped version of BTC called aBTC. The project is growing, driven by community support and events like Korea Blockchain Week. ALEX's market cap is $90 million, with 80% of its total supply in circulation. Despite a 22% decline over the last 30 days, the token has grown 97% over the last 12 months.
Clearpool (CPOOL)
Clearpool is a decentralized credit platform allowing borrowers to receive loans without 100% or more collateral requirements. Clearpool is one of the first protocols diving into institutional lending, with over $600 million in loans originated so far. Investors can choose between credit vaults with fixed interest rates and dynamic pools that allow flexible investment and withdrawal times. CPOOL's market cap is $68 million, and despite a 17% decline over the last 30 days, the token has grown 577% over the last year, significantly lower than its all-time high.
September 2024 promises to be an interesting month for cryptocurrency markets, especially for small-cap projects in promising sectors like AI, Bitcoin Layer 2, and decentralized lending. Keep an eye on these altcoins and their potential opportunities.
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