3 Young Cryptocurrencies With Serious Potential. These currencies could rise in the coming years.

The two dominant coins in the crypto market at the moment are Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Together, they represent 70% of the market capitalization of the entire crypto market.

But that doesn’t mean Bitcoin and Ethereum will remain dominant forever. That’s why investors should keep an eye on emerging cryptocurrencies with the potential to skyrocket in value. The three on my watch list right now are climb (SUI -5.32%), Alliance of Artificial Superintelligence (FET 4.83%)and Toncoin (TON 7.14%).

climb

Of all the cryptocurrencies that have a chance to replace Ethereum as the top Layer 1 blockchain network, one of the most interesting is Sui. Founded in 2021 by a group of ex Meta platforms (NASDAQ: META) Blockchain developers, Sui comes with an absolutely top-notch pedigree. It now boasts a market capitalization of $2 billion, making it one of the top 40 cryptocurrencies, ranked by market capitalization.

Where Sui really stands out is the speed and efficiency of its transaction processing. Sui aspires to be faster than even Solana (CRYPTO: SOL)which is generally recognized as having the fastest transaction processing speed of any major blockchain. With a new technology upgrade, Sui says it can process 100,000 transactions per second. By comparison, even the top credit card processing networks can only handle 65,000 transactions per second.

Is speed enough to set Sui apart and win over developers, users and enterprise customers? That’s the big question. But some are already calling this crypto a “Solana killer”.

Alliance of Artificial Superintelligence

If you think artificial intelligence (AI) is the future, then you need to take a closer look at the Artificial Superintelligence Alliance. This new entity plans to create a new token called ASI, which will effectively merge three leading AI crypto tokens: SingularityNET (AGIX), Fetch.ai (FET 4.83%)and Ocean Protocol (OCEAN 4.85%). The Artificial Superintelligence Alliance aspires to make ASI a decentralized, blockchain-powered alternative to Silicon Valley’s big corporate AI players.

What impresses me most about the Artificial Superintelligence Alliance is the founding team. For example, the CEO of the new alliance will be Ben Goertzel, widely recognized as one of the leading artificial intelligence scientists on the planet. The chairman will be Humayun Sheikh, one of the founding investors of DeepMind (now owned by Alphabetof Google).

While there’s obviously a lot of AI expertise here, it remains to be seen how well it translates into real products and services that people are willing to use.

Image source: Getty Images.

The good news is that the alliance sees ASI becoming a new “super-token” with a market cap of $7.5 billion. If this happens, many of the early crypto investors could become very rich. Right now, the three crypto tokens have a combined market cap of around $3.6 billion, according to CoinMarketCap, so early investors could double their money if the predictions are correct.

Toncoin

Finally, there is Toncoin, which came out of nowhere to become one of the top 10 most valuable cryptocurrencies on the planet. Up 102% year to date, Toncoin now has a market cap of $12 billion.

Toncoin has a number of key advantages, including a close affiliation with messaging app Telegram, which boasts 900 million users across the globe. In the best case scenario, a significant number of these users could eventually become users of the Toncoin blockchain ecosystem.

Toncoin is at the forefront of a new trend called games to win that is generating buzz on social media. While some might argue that play-to-earn games (where you tap your mobile phone all day for points and rewards) are nothing more than a fad, there’s reason to believe they could have some serious staying power . For example, NotcoinToncoin’s first play-to-earn game, is now valued at $750 million.

Being right too early is the same as being wrong

Note: All three of these coins are still very early in their development. They all seem to have huge growth potential in the future, but you never know what will happen in crypto, which remains a very volatile and risky market.

For example, consider Toncoin’s affiliation with Telegram. That sounded fantastic until August, when CEO Pavel Durov was arrested at a Paris airport, putting Telegram’s future in serious doubt. And while the future of AI seems certain for now, what if Nvidia (NASDAQ: NVDA) begins to stumble?

So definitely do your due diligence before investing. Before making any kind of sizable investment, make sure you are investing for the long term and not just to take advantage of a short-term trend.