Identify the top three underrated altcoins—Undead Games （UDS）, zKML （ZKML）, and Lumerin （LMR）—poised for significant gains in August 2024. This article explores their recent performance, unique features, and future growth potential.
Points
- Overview of Undead Games （UDS）, zKML （ZKML）, and Lumerin （LMR）.
- Recent performance and growth metrics of these altcoins.
- Factors contributing to their potential for substantial gains.
Introduction
As the market is proceeding higher, investors want to invest in a cryptocurrency that may maximize the returns on investment （ROI）. Keeping this in mind, we identified underrated cryptocurrencies that bagged impressive returns in the short term. These underrated altcoins may continue to outshine the market with their performance in August 2024.
Underrated Altcoin No. 1: Undead Games （UDS）
Established in early 2022, Undead Games is a versatile gaming company dedicated to bringing engaging and feature-rich gameplay to the crypto space. The company focuses on developing desktop, web, and mobile games with play-to-earn, play-to-own, and play-to-win mechanics. By now, Undead Games has launched the Undeads Rush survival racing game for both desktop and mobile platforms, as well as Undeads Viral for Web3 players. It currently ranks 587th in the cryptoverse, boasting a live market capitalization of $41.663 million.
Undead Games grew significantly recently, emerging as a leading asset in the gaming sector. The crypto recorded a notable rise of almost 101% the previous month and over 419% in the last three months. UDS is down approximately 37.2% this week, making it a potentially good short-term investment. The long-term projection for UDS is positive with the anticipation that the price may find support near the 50-day EMA. It may help the crypto reach the heights again.
Underrated Altcoin No. 2: zKML （ZKML）
zKML is a pioneering crypto project that is transforming digital privacy and security with its innovative solutions. The project places a strong emphasis on user privacy and security, utilizing advanced technologies to protect digital interactions. Key offerings from zKML include the zKOS operating system and Mobile-zKOS, which ensure secure communication on both desktop and mobile platforms. The native token, ZKML, has a total supply of 100 million tokens.
A closer look at the zKML price highlights that the crypto has outshined its peers like NEAR Protocol and Render among the Artificial Intelligence coins. The weekly price performance stands at 39.9% whereas monthly one at an impressive rise of nearly 315%. On the higher side, ZKML price may continue to rise until it reaches a major supply zone at $0.000122, suggesting a 50% potential on the higher side. It has a live market capitalization of $24.6 million and ranks 734th in the crypto market.
Underrated Altcoin No. 3: Lumerin （LMR）
Lumerin is an open-source protocol and foundational layer that utilizes smart contracts to manage the access, routing, and transaction of P2P data streams. It is currently being used to decentralize and more efficiently allocate AI compute power, enabling novel applications on DePIN and the tokenization of RWAs. Additionally, Lumerin supports encrypted video and audio streams, permissioned communications, and programmable data streams, as well as digital assets like NFTs. Out of a total 1 billion LMR token supply, nearly 606.61 million tokens are currently in circulation.
At the time of writing, Lumerin was exchanging hands at around $0.0216, after an intraday drop of 9.9%. Despite the intraday fall, the crypto counts among the outperformers with an over 105.3% gain intramonth. The daily chart showcases a potential of 52% on the higher side till the 200-day EMA.
解説
- Gaming Potential: Undead Games （UDS） has shown impressive growth in the gaming sector, with significant returns in recent months, positioning it as a strong contender in the crypto gaming space.
- Privacy and Security: zKML （ZKML） focuses on digital privacy and security, offering advanced solutions that protect user interactions, making it a standout in the AI and privacy-focused crypto market.
- Decentralization and Efficiency: Lumerin （LMR） utilizes smart contracts to manage P2P data streams and decentralize AI compute power, enhancing its potential for significant growth in the decentralized computing sector.