3 Under-The-Radar Altcoins I’m Bullish On


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These three altcoins could be ready to rise.

Key points

  • Cryptos have struggled this year due to high inflation, rising interest rates, and economic uncertainty.
  • STEPN is a move-to-earn lifestyle app that lets you earn tokens by exercising.
  • JOE and LDO allow investors to earn rewards by farming and staking their cryptocurrencies.

No time is dull on the blockchain. With over 18,000 cryptocurrencies in the world, how do you know which crypto to invest in? Of these, around 40% are now considered worthless or inactive. While the number of new cryptos hitting the market continues to grow, many are not surviving due to low trader interest and, in some cases, fraud.

Bitcoin is the top crypto, with a market capitalization of around $600 billion as of today. Cryptos across the board took a beating last week, with Bitcoin falling below $30,000 for the first time since July 2021. It is down more than 50% from its all-time high of 68,990.90 $ in November 2021.

Altcoins, which are cryptos other than Bitcoin, have also taken a nose dive. Crypto markets have largely followed the stock market, which is trading in the red due to high inflation and economic uncertainty around the world. Even with market volatility, here are three altcoins I watch.


STEPN (GMT) was founded less than a year ago, but has become one of the most popular. STEPN is different from other cryptocurrencies in one important way. Users can earn this crypto by exercising. One of STEPN’s goals is to promote a healthy lifestyle through a new concept called “move-to-earn”. Move-to-Earn apps allow users to generate passive income just by working out.

The creators of STEPN call it a “web 3 lifestyle app with elements of social-fi and game-fi”. STEPN encourages its users to socialize with each other while leading a healthier lifestyle by gamifying movement and fitness. Users can monetize their daily exercise and earn rewards by walking, jogging or running outdoors.

Users must purchase an NFT sneaker from the STEPN market to start earning crypto. Anyone can download the app, but currently only 2,000 activation codes are issued per day. With a long waiting list and the popularity of the “move to win” model, STEPN has great long-term value.

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2. Trader Joe (JOE)

JOE is the native token of Trader Joe, a decentralized exchange (DEX) using the Avalanche blockchain (AVAX). The creators of JOE hope to provide a one-stop decentralized finance (DeFi) experience for everyone. Decentralized exchanges allow investors to trade anonymously and without a third-party intermediary, so transactions are non-custodial.

This trading platform allows users to “Trade, Stake, Farm, Pool and Lend”. Investors can earn rewards with their JOE tokens on the platform through yield farming. They can lend, borrow or stake coins to earn interest as well as speculate on price fluctuations. Investors can also provide liquidity to earn reward tokens. Staking – locking up your tokens to help support the blockchain network and confirm transactions – is a common practice in crypto. The rewards accumulate continuously, so the longer you wager your chips, the more you can win. The DEX has grown rapidly, attracting over $4 billion in total value locked (TVL) since its launch in June 2021.

3. Range (LDO)

Lido is a liquid staking solution for Etherum (ETH). Lido allows its users to stake tokens on many networks. Investors can stake their ETH – without locking up their assets or having to maintain the infrastructure – while still being able to earn tokens. Investors also earn a token called stETH in addition to staking rewards.

stETH balances can be used like regular ETH to earn yields and lending rewards. Investors can receive their staking rewards in real time. stETH is pegged 1:1 to its initial ETH stake and its return can accumulate continuously on the DeFi platform. According to the Lido website, the platform’s total staking assets are over $9 billion and over $400 million in total rewards have been paid out.

With thousands of cryptocurrencies on the market, discovering hidden gems can take time. These three cryptocurrencies have the potential to reward investors. Like all cryptos, however, you should do your due diligence and only invest the funds you are willing to lose.

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