4 Best Altcoins to Buy and Hold for 10X Short Term Growth: Underrated Blockchain Projects Set to Explode

• Cheems leverages meme culture on Solana while expanding its ecosystem through gaming and community-led projects.
• Rune combines blockchain gaming and DeFi on BSC, offering NFT-based gameplay and cross-chain expansion to Polygon.
• By issuing cTokens, Compound enables people to borrow and lend on decentralized networks supported by cryptocurrencies.

The Cheems, Rune, Compound, ether.fi, and Pi Network platforms demonstrate the ways blockchain initiatives are disrupting conventional systems and rewriting community, finance, and infrastructure through creative use cases.

Cheems (CHEEMS): Meme Culture with Expanding Utility

Source : CoinMarketcap

Cheems is one of the earliest meme-based cryptocurrencies to build on the Solana blockchain. It features the popular internet meme figure ‘Balltze,’ a Shiba Inu dog recognized for his expressive demeanor and distinctive language stylings. Cheems has gained prominence for merging internet culture with blockchain technology, standing out in a competitive memecoin market.

Beyond its initial meme-based appeal, the Cheems ecosystem has developed several community-driven applications. Notable projects include Cheems Arena, a video game that integrates the token into gameplay, and sex.sol, an online casino platform. The Cheems community continues to explore non-traditional use cases through initiatives such as The Jeets Protocol, which aims to grow the token’s adoption across developing economies. The ongoing development of real-world utility around the CHEEMS token highlights the community’s commitment to evolving the meme into a functional asset.

Rune (RUNE): Blockchain Gaming and DeFi Integration

Source : CoinMarketcap

Rune is an open-ended dark fantasy universe built on Binance Smart Chain (BSC) that combines play-to-earn mechanics, NFTs, and decentralized finance features. The project utilizes 33 different types of digital runes that act as scarce in-game items used to forge powerful weapons and armor. These runes also serve as the core economic incentive for player participation.

The ecosystem includes Rune Evolution, a game that allows players to earn by competing, Rune Farm for yield farming, Runewords as NFTs, and Rune Infinite Arena for player-versus-player engagement. The developers are working on Rune Sanctuary, a multiplayer online role-playing game scheduled for release, while also planning cross-chain compatibility by bridging to Polygon. This approach underlines Rune’s aim to offer a gaming experience that integrates with DeFi protocols and supports asset portability across blockchain networks.

Compound (COMP): Facilitating DeFi Lending and Borrowing

Source : CoinMarketcap

Users can interest their holdings in cryptocurrency by adding them to Compound’s liquidity pools, a decentralized finance product built on Ethereum. Users receive as a reward Tokens, which denote the user’s holdings in the pools and accrue value over time. People can later use these tokens to exchange more of their initial crypto.

To borrow on Compound, borrowers need to pledge some collateral to be given loans, typically loan-to-value ratio ranges between 50-75% depending on the underlying asset. If the collateral drops at a certain predetermined level, the protocol automatically need liquidate collateral to maintain its financial stability. Compound grew rapidly after its mainnet was launched in September 2018; it had over $800 million in cumulative total value locked. This is a demonstration of Compound’s pivotal role in developing the decentralized finance sector.

ether.fi(ETHFI): Decentralized Staking on Ethereum

Source : CoinMarketcap  

Ether.f is a decentralized staking platform that sits on the Ethereum network which is built with a great focus on self-custody and security. Ethier fi unlike traditional discovery platforms empowers users by allowing them to have their assets in their control while they participate in joining the Ethereum PoS network.

In the long term, ether fi wishes to create a platform that promotes network growth while rewarding component parties in tokens. Having the past experience with distributed systems and anthropology, the founders put emphasis on usability and community engagement in the design of Pi in order to encourage utility and productivity throughout the network.