Popular crypto strategist Paul Barron shares with his subscribers three potentially explosive altcoins that should be scrutinized in November.
Illuvium (ILV)
Top of the analyst’s list is an open world fantasy war game built on the Ethereum blockchain. Illuvium (ILV) exists. Often touted as the first AAA game on Ethereum, Illuvium strives to provide a source of entertainment to casual gamers and die-hard DeFi fans alike through its various collecting and trading features.
The world of Illuvium is home to creatures known as Illuvials, which can be captured and rehabilitated by players who defeat them in battle. From now on they become a loyal part of the player collection and can be used to battle other adventurers in Illuvium’s auto warrior game.
“Collectible Illuvials have a clear progression and rarity tree, as well as a clear blueprint for a thriving economy. It definitely has a lot of uniqueness around it… It’s a project that could potentially be very fascinating.”
The trader also points out that Illuvium has gained significant momentum since 2020. In 6 short months, the game surpassed 100,000 Discord subscribers. And between July 2021 and early October 2021, the value of the ILV token skyrocketed from $30 to $700, thanks to its listing on leading exchanges like CoinSpot. At the time of writing, ILV is changing hands at $851.95.
Perpetual Protocol (PERP)
Next on the list, Perpetual Protocol (PERP) exists. Perpetual Protocol is a decentralized finance (DeFi) project that provides this service through scripted code without the use of financial intermediaries.
Barron also highlights that Perpetual Protocol is a collection of programs created to transmit and replicate services offered in derivatives markets and run on the Ethereum blockchain.
“This means that Perpetual Protocol users do not need to trust a particular institution or group of people to trade; all they have to trust is that the code will be executed as it was written.”
PERP is trading at $16.46, down 35 percent from its all-time high at the time the video was posted.
Proton (XPR)
Another crypto asset on Barron’s list is a new public blockchain and smart contract platform designed for both consumer applications and peer-to-peer payments. Proton (XPR). According to the crypto strategist, Proton eliminates the concept of sharing private keys directly with merchants by creating a permissionless layer that sits on top of traditional card networks and banks.
While the user keeps the private key in trust, the platform allows institutions that want to verify the user’s identity to check the identity with trusted institutions via public keys. Authentication from the trusted institution will confirm the identity of the user without revealing the associated private key of the user.
This Project is one of those projects that is almost like AXS, not in terms of the work they do, but in the way it grows and validates… There is the possibility of a 10x type scenario for XPR.”
According to Barron, XPR has caught the attention of mainstream crypto traders, posting a meteoric rise of nearly 90% in the last 14 days and 450% in the last month. At the time of writing, XPR is trading at $0.04.
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.