Emerging Altseason Sparks Prospects for Promising Cryptocurrencies
Anticipation is building in the cryptocurrency market as experts predict the onset of an altseason, presenting substantial growth opportunities for robust digital currencies. This new phase is highlighted by two innovative crypto startups earning accolades from organizations outside the crypto realm, signaling their expansion into mainstream markets.
Bridging the Gap: Crypto Startups Reaching Mainstream Success
Typically, achievements within the crypto industry are confined to its ecosystem and user base. However, there are instances where these crypto startups transcend industry boundaries, capturing the interest of a broader audience and integrating new users into the crypto landscape.
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Trailblazing Examples of Mainstream Integration
A noteworthy instance of this phenomenon is Polymarket, which has gained traction with its crypto-centric prediction platform powered by Polygon and USDC, notably thriving during election periods. Similarly, “Off The Grid,” a game built on the Avalanche blockchain, has earned a spot among the top free-to-play titles on the Epic Games Store.
On a larger scale, Bloomberg has reported that Donald Trump has recognized cryptocurrency as a national priority, further illustrating its crossover into mainstream consciousness.
Spotlight on Two Pioneering Crypto Startups
Recently, Finbold identified two burgeoning crypto startups that have garnered recognition beyond the crypto sphere. These startups hold the potential for significant growth in the coming months and years, provided they maintain their current momentum.
Hatom (HTM) Secures The FWA People’s Choice Award
Hatom (HTM), a prominent decentralized finance (DeFi) protocol crafted by Hatom Labs, received a prestigious non-crypto accolade this week. The startup was honored with The Favourite Website Awards (FWA) People’s Choice Award (PCA) for its exceptional web design.
According to Digitaling, “The FWA is a global award platform that celebrates and rewards web designers, developers, and agencies worldwide for outstanding achievements in web design and development.”
This accolade was awarded for Hatom’s innovative, interactive, and sophisticated website, designed by Immersive Garden. The agency proudly shared their accomplishment on social media, highlighting their collaboration with Hatom.
Immersive Garden also collaborates with renowned traditional finance entities like Aston Martin and Aramco, showcasing their extensive expertise.
In parallel, Hatom offers yield farming opportunities through its lending platform, liquid staking, and HTM booster. Additionally, the startup is preparing to launch USH, the first native stablecoin on MultiversX, which is expected to unlock further liquidity opportunities within the ecosystem.
QoWatt: A Rising Star in the European EV Charging Network
Embracing the electric vehicle (EV) revolution, QoWatt is another crypto startup making strides beyond the blockchain ecosystem. As a MultiversX-based EV charging operator, QoWatt has been recognized among the top ten EV charging networks in Europe according to Chargemap’s rankings.
This recognition was based on an impressive 460,000 ratings from 132,000 users, as shared by the company on social media.
QoWatt operates physical EV charging stations across Europe, addressing the growing demand for real-world services. The startup also leverages blockchain technology and MultiversX (EGLD) features to enhance user experience, thereby introducing blockchain benefits to its clientele.
This recent acknowledgment marks a significant milestone in the journey towards broad adoption of blockchain technology and the QoWatt solution.
Opportunities and Risks in the Evolving Crypto Landscape
While it is essential to observe these and other startups achieving recognition beyond the crypto industry, it’s crucial to remember that investing in startups carries inherent risks and volatility, offering no assurance of success despite increasing awareness.
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