10x Potential Altcoins of 2022: Analyst Announced!

A popular cryptocurrency trader Jay Freedannounced 5 low-value altcoins that could tenfold in value by 2022 and help investors multiply their money.

Tezos (XTZ)

#1 on Jay’s 10x list Tezos (XTZ) exists. Tezos is an open source platform powered by a global community of validators, researchers and creators that addresses critical barriers to blockchain adoption for assets and applications. Tezos was built by design to support long-term upgradability, open engagement, collaboration, and innovative contract security.

Tezos is a very fast scalable proof-of-stake blockchain with some unique features that users can use to initiate upgrades on their systems. Tezos also has a self-modifying blockchain, which is a unique and intriguing concept. Anyone who owns the token has full chain management. This allows them to get things done faster compared to off-chain governance. Their motto is “designed to thrive”.

Recently, video game giant Ubisoft launched the NFT platform to run on Tezos. They are considering the Tezos blockchain to enter the NFT metaverse and there are many projects launched in Tezos.

Tezos price chart

With a market cap of $4.2 billion, Tezos (XTZ) is trading at $4.5 at the time of writing and ranks 45th in the list of cryptocurrencies. Tezos has user-friendly interfaces for end users and programmers on the blockchain, and all this could help Tezos jump 6x or 12x by 2022.

NEAR Protocol (NEAR)

According to the analyst, the second altcoin with real potential is NEAR Protocol (NEAR). NEAR Protocol is an Ethereum competitor and a decentralized application (dApp) platform focused on developer and user friendliness. NEAR tokens are used to pay transaction fees and storage costs on the NEAR crypto platform.

It includes important projects such as Ref Finance (REF) in the NEAR Protocol DeFi ecosystem, which focuses on creating a developer and user-friendly protocol. NEAR has features such as human-readable account names in addition to cryptographic-only ones.

near price chart

With a market cap of $6.3 billion, NEAR is changing hands at $11 at the time of writing and ranks 30th on the list of cryptocurrencies. Although NEAR is not a small project and has grown in popularity over the past year, the platform is constantly working to make the project completely fragmented and secure, they are releasing better stuff and there is always good news. That’s why the analysis remains hopeful about altcoins.

Stacks (STX)

The third altcoin on Jay’s list is Stacks (STX). STX is the native cryptocurrency of the Stacks network and is used to power smart contracts for Bitcoin, reward miners on the open Stacks network, and enable holders to earn Bitcoin through Stacking. To date, Stacks has created DeFi projects and layer-2 solutions on Bitcoin, which are fast, cheap and scalable solutions on the Bitcoin blockchain.

The project has been quite successful over the past year. Stacks is a fairly new project and the platform is doing a great job keeping the price of the coin at around $2 and above.

stx price chart

Day by day Bitcoin will continue to evolve and there will be many layer-2 and many applications that can work on Bitcoin, so Stacks is among the altcoins that Jay believes can increase its price tenfold.

Centrifuge (CFG)

If the next altcoin on the analyst’s potential 10x list Centrifuge (CFG). Centrifuge is a decentralized finance (DeFi) loan protocol that aims to make lending more accessible to small businesses while simultaneously bringing pooled liquidity to the traditional finance world and providing stable returns to investors. The price of this cryptocurrency is around $1.15 for now, and its market cap is only $155 million.

cfg price chart
centrifuge; By connecting assets such as utility bills, real estate royalties and other traditional financial assets to DeFi, it allows borrowers to finance their real estate without using a bank. According to the analyst, Centrifuge really has a lot of uses, which gives the altcoin a huge price potential.

Revuto (REVU)

The first decentralized application (dApp) launched on the Cardano blockchain, the last altcoin on Jay’s 10x list Revuto (REVU). Revuto, not yet released, designed to enable subscription payments; It supports recurring payments such as movie and music subscriptions, household goods, cosmetics, groceries, and other types of recurring billing. Revuto’s ecosystem is designed to help people save money regardless of crypto market conditions by leveraging Cardano native tokens and DeFi to pay for subscriptions.

Revuto users can subscribe to services using a Revuto debit card. Revuto’s crypto wallet is also a simple and secure wallet that supports native Cardano-based tokens, including native Cardano REVU tokens and EURR stablecoin.

Revuto uses distributed ledger technology and Cardano blockchain for your subscription services. The REVU token is used to align incentives and unlock additional features and benefits among participants in the Revuto ecosystem. The token will also be available for staking in Revuto mechanisms, providing staking rewards and used for microdeposit within the Revuto dApp. Users will also be able to earn returns or rewards by using Revuto to pay for subscription services.

The analyst trusts the project team, who explained that they will not stop until they place the project first among the top 100 cryptocurrencies and then among the top 10 cryptocurrencies, and claims that the altcoin will show great potential.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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