Jay Freed, a renowned analyst, believes that when looking for 100x altcoins to invest in, traders should start their search with an altcoin with a low market cap. According to the video shared by the analyst; As the entire crypto world prepares for 2022 trading, there are three potential Altcoins to watch out for that could be the next 100x altcoins. Here are these lesser-known cryptocurrency projects:
Index Cooperative (INDEX)
The first altcoin that Jay doesn’t want anyone to overlook, Index Cooperative (INDEX). INDEX is the management token of Index Cooperative, a decentralized, autonomous asset manager. People can participate in the management of this platform by purchasing INDEX tokens.
The logic of this platform is similar to an ETF in that investors can access and participate in the various indices they hold. INDEX; It includes SAND, Axie Infinity, Decentraland, and many other popularly traded altcoins. There are options such as DeFi index and Metaverse index on the platform, and investors can easily participate as they invest in any stock.
This crypto will greatly expand DeFi’s reach to the masses.
The index co-op is trading at $22.75 at press time. The analyst explains the reasons why INDEX is one of the altcoin jewels to invest in, saying that the platform, which he says is very low in supply, makes it very easy to join DeFi without any difficulties, and that it will become very popular in the future.
Velo (VELO)
The second altcoin that Jay is really excited to talk about is Velo (VELO). Velo is a blockchain-based financial protocol that provides digital credit issuance and unlimited asset transfer for businesses using a smart contract system.
Velo is part of the Stellar ecosystem, so it works with the STELLAR cryptocurrency on the Stellar network for the next generation financial protocol for businesses.
Moving money across borders is difficult enough for individuals, but much more difficult for businesses, so Velo functions as a blockchain-based financial protocol that provides digital credit issuance and unlimited asset transfer. Users can automatically make instant transactions, provide a loan or get instant loan to anyone in the world, without any delays. Therefore, they can also use VELO tokens to provide instant liquidity in any fiat currency, which can then be exchanged. Every day, businesses exchange millions of dollars, so Velo’s intended use is immense.
Velo is currently trading at $0.15 and has a market cap of over $50 million. According to the analyst, this small altcoin has great potential to increase its price and ranking. For all these reasons, Jay has placed it in second place among altcoins on his list.
Opacity (OPCT)
Third on the analyst’s list of early entry opportunities Opacity (OPCT) exists. Opacity is designed to protect people’s fundamental rights and offers private cloud storage to everyone through OPCT. The token can be purchased on a crypto exchange and then used to purchase data storage plans that are completely private and can only be accessed by the buyer with the private key.
Only the purchaser can access the cloud sharing and data on the platform; no one else has access to it. This is done in a cryptographic way where cloud storage can only be opened with the owner’s private keys. Platform, Privacy by Design(data protection through technology design) a rather unique concept.
One account can have 10 gigabytes of free file storage, if they need more, they can use OPCT tokens to purchase more additional cloud storage services.
It acts as a locker where users put all their data in and then lock it. Since their data is heavily encrypted, no one can access, hack or steal them without the permission of the owner.
OPCT is changing hands at $0.36 at the time of writing and has a market cap of $16 million. According to the analyst, this unique concept and use cases for Private by Design are very important and will explode in the near future. Jay Freed, who likens such platforms to Metaverse projects, thinks that the great success experienced in the metaverse will be repeated.
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.