Hedera and Internet Computer could benefit from AI and RWA trends
Hedera (CRYPTO:HBAR) and Internet Computer (CRYPTO:ICP) have been identified as undervalued altcoins with significant potential in 2024, particularly in the areas of artificial intelligence (AI), real-world asset (RWA) tokenisation, and decentralised physical infrastructure (DePin).
Analyst Kyren, known as noBScrypto, highlighted these cryptocurrencies for their ability to intersect across multiple Web3 narratives, offering broad utility and diversification opportunities in a rapidly evolving market.
Hedera (HBAR) is recognised for its focus on scalability, low latency, and security, which align well with DePin principles by decentralising internet infrastructure and enhancing censorship resistance.
The Hashgraph technology that underpins Hedera supports decentralised applications (dApps) and enables efficient data transfer through its Directed Acyclic Graph (DAG) structure.
Although not explicitly AI-focused, Hedera’s architecture provides a secure and scalable platform that can support complex AI computations.
Additionally, Hedera's technology extends to RWA tokenisation, allowing for the creation of digital representations of physical assets, facilitating their seamless transfer and trading while ensuring transparency and regulatory compliance.
Internet Computer (ICP) aims to transform the internet by offering a decentralised protocol that hosts web content and services directly on the blockchain.
By decentralising the traditional client-server model, ICP fosters a censorship-resistant internet infrastructure, resonating with DePin principles.
ICP’s architecture is also well-suited for AI applications, making it an ideal platform for decentralised AI marketplaces and predictive analytics.
While RWA tokenisation is not ICP’s primary focus, its smart contract capabilities allow for the management of tokenised assets, further enhancing its ecosystem's utility.
Both Hedera and Internet Computer are positioned across multiple verticals, offering investors portfolio diversification and exposure to high-growth trends.
Their versatility makes them strong contenders in the evolving Web3 landscape, though investors are encouraged to conduct thorough research before making any investment decisions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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