Bitcoin (BTC) and Ethereum (ETH) continue to dominate the cryptocurrency market, accounting for 70% of the total $2.63 trillion market cap. Despite strong year-to-date gains of 60% and 62% respectively, their large market caps make significant price movements challenging.
However, investors might consider infrastructure cryptocurrencies backed by strong developer support and clear objectives:
Immutable X (IMX)
Immutable X offers exposure to blockchain gaming with zero gas fees, leveraging StarkWare’s zk-rollups technology. Over 300 games are in its funding ecosystem, worth $1 billion. The IMX token serves as a utility and governance token, facilitating platform development and transactions. IMX has gained 12% year-to-date and 393% over the last year.
Avalanche (AVAX)
Avalanche provides a scalable, modular blockchain network with three interoperable blockchains for staking, smart contracts, and asset creation. Its C-Chain ensures compatibility with Ethereum. Banks like Bank of America and JPMorgan have tested Avalanche for tokenization. The AVAX token, limited to 720 million, has declined 14% year-to-date but grown 160% over the past year.
Fetch.AI (FET)
Fetch.AI integrates AI with blockchain, gaining 794% over the past year and 194% year-to-date. The upcoming SuperIntelligence Alliance merger will unify Fetch.AI with SingularityNET and Ocean Protocol under a new token, ASI, to support AI development. FET tokens will be limited to 2.63 billion post-merger.
These infrastructure cryptocurrencies offer compelling investment opportunities amid the speculative nature of low-cap memecoins.
By Tim Fries
