5 Middleware Altcoin Projects Worth Investing In CryptoMode – Crypto Mode

Making strategic investments in specific cryptocurrencies can often yield decent returns on investment. Finding the right markets to experiment with can be challenging. Middleware altcoin projects are seemingly a hot commodity lately, as they all note a strong price performance.

Many services and platforms in the cryptocurrency space rely on Chainlink middleware. Their decentralized price oracles, for example, are commonly found in top DeFi projects. Moreover, the technology can prove beneficial for other purposes as well. Allowing smart contracts to interface with real-world data is a big step forward for the industry.

The LINK price shows strong bullish momentum since January 1st, 2021. Its price has gone up by roughly 100% since then, confirming this middleware altcoins demand is prevalent.

When The Graph launches initially, most people werent sure what to make of it. Positioning itself as an indexing protocol or querying networks, The Graph lets anyone build and publish open APIs to make data more accessible -a robust middleware business model that can certainly spark some interest globally.

In the price department, GRT is noting strong momentum despite a relatively big dip a week ago. Its price is up by nearly 100% this month, and the all-time high is well within reach.

Another middleware project that keeps making waves is Band Protocol. This scalable and blockchain-agnostic decentralized oracle can rival Chainlink and perhaps improve it in some regards. Having some competition in this department will ensure decentralization remains prevalent.

The BAND price is a bit volatile lately yet still notes a substantial gain since January 1st. Rising from $5.34 to $10.07 is no easy feat and shows there may be further price potential ahead. Returning to the all-time high of $17.51 will be difficult, though.

Tellor positions itself as another decentralized oracle network. This particular business model seems quite popular among middleware providers, which is a good thing. Having multiple options to put real-world data on-chain allows for more complicated smart contracts and dApps.

The TRB price currently sits at $32.87, a near 100% increase from the $17.5 on January 1st. Despite this high value, the projects market cap sits below $54 million.

Whereas many people may overlook Keep3rV1 as a middleware project it is still in beta the decentralized keeper network for external DevOps is getting a lot of attention. It is one of the many projects built by Andre Cronje, which explains the growing KP3R price.

Speaking of which, KP3R notes a price gain of roughly $100 compared to January 1st. A strong performance, particularly for a project that may remain in beta for a while.

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5 Middleware Altcoin Projects Worth Investing In CryptoMode - Crypto Mode

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