Three Lesser-Known Cryptocurrencies Set for Significant Gains by September
In the rapidly evolving world of DeFi and cryptocurrency, three lesser-known altcoins - Uniswap (UNI), Chainlink (LINK), and Tron (TRX) - have been making significant strides, positioning themselves as key players in the market.
Uniswap, launched in 2020, has shown strong momentum, with trading prices around $9.19 and an 18% rise in the past week. Known for record-breaking DeFi trading volume ($88B monthly, $3 trillion lifetime), Uniswap continues to benefit from protocol upgrades and growing institutional interest. As the leading decentralized exchange (DEX) governance token, UNI plays a pivotal role in DeFi liquidity and trading, with its v4 protocol aiming to boost security and efficiency to capitalize on DeFi revival.
Chainlink, on the other hand, connects smart contracts to the real world through a network of oracles. It acts as the primary decentralized oracle, providing off-chain data to smart contracts, a critical infrastructure component in DeFi ecosystems. Chainlink's market sentiment is relatively neutral to bearish, but predictions suggest steady growth, with average prices potentially reaching over $80 by 2029.
Tron, launched in 2017, operates its own fast and affordable blockchain. It stands out by focusing on the creator economy and supports smart contracts and apps like Ethereum. Tron's price has rebounded significantly from previous lows, showing over 140% increase year-over-year and reaching nearly $0.44 by the end of 2024.
Each of these altcoins offers unique value propositions. Uniswap, with its decentralized exchange platform, allows anyone to list a token, giving small projects a fair shot at exposure. Chainlink verifies information before delivering it to smart contracts, ensuring trustworthiness and security. Tron isn't just a coin, but a tool for freedom online, empowering content creators to share their work and get paid directly, without middlemen or cuts.
By September 2021, these altcoins may no longer be under the radar. Uniswap has over $3 billion in value locked, making it one of the top DeFi platforms. Chainlink's steady growth potential, based on expert price forecasts, is linked to its expanding oracle services and ecosystem partnerships. Tron's growing developer adoption, a Proof-of-Stake consensus encouraging scalability, and past performance surges suggest promising growth potential.
These altcoins are integral to different facets of the crypto and DeFi landscape - DEX governance (UNI), oracle/data services (LINK), and fast layer-1 smart contracts (TRX) - reporting varied but encouraging growth trajectories by the end of 2021 into the mid-2020s.
[1] CoinMarketCap. (2021). Uniswap Price Prediction. Retrieved from https://coinmarketcap.com/currencies/uniswap/ [2] CoinMarketCap. (2021). Chainlink Price Prediction. Retrieved from https://coinmarketcap.com/currencies/chainlink/ [3] CoinMarketCap. (2021). Tron Price Prediction. Retrieved from https://coinmarketcap.com/currencies/tron/ [4] Coinpedia. (2021). Tron Price Prediction 2021-2025: TRX Price Forecast. Retrieved from https://coinpedia.org/tron-price-prediction/tron-price-prediction-2021-2025/
- As a key player in the market, Uniswap, the leading decentralized exchange (DEX) governance token, provides a platform for anyone to list a token, offering opportunities to lesser-known projects.
- Chainlink, the primary decentralized oracle, connects smart contracts to the real world, ensuring trustworthiness and security by verifying information before delivery.
- Tron, a tool for the creator economy, operates its own blockchain and supports apps like Ethereum, focusing on empowering content creators to share their work and get paid directly.
- The growth potential of these altcoins is linked to various factors, such as expanding oracle services, ecosystem partnerships, growing institutional interest, steady price forecasts, and developer adoption, positioning them as integral parts of the cryptocurrency, blockchain, finance, and technology landscape.
