Cryptocurrency markets suffered huge losses, especially after the collapse of FTX. Analysts, on the other hand, are researching altcoin projects that have the potential to explode so that investors who are at a loss can make up for their losses. Analyst Camille Lemmens shared 6 altcoins that investors must have in their portfolios. Here are the 6 altcoins that the analyst expects to explode…
The first altcoin on the list: ApeCoin (APE)
At the top of the analyst’s list is Apecoin (APE). APE has experienced a rise of about 12 percent in the last 14 days and has attracted attention. However, 2 big news are seen as the biggest factors in the price rise. The first of these is the activation of the staking system. At the same time, not only ApeCoin but also BAYC and MAYC NFTs can be staked.
The other big news was the launch of NFT markets on November 23. After a vote, ApeCoin owners allowed Snag Solutions to build it.
GMX (GMX)
GMX is a decentralized spot and perpetual exchange built on Arbitrum and Avalanche. It offers leverage up to 50x. According to the analyst, they have some impressive stats since their release in September 2021. These;
- 157,000 users count
- 70 billion dollar foreign exchange volume
- Cumulative fees of $94.5 million
- 383 million dollars liquidity
According to the analyst, having Arbitrum on the agenda will also help GMX more. Arbitrum has just done its Nitro upgrade and its potential airdrops are very close. Odyssey NFT campaigns are also about to start again. However, the GMX altcoin price has seen green numbers throughout the year. It is up about 22.7 percent in the last 14 days and its price is trading at $52.
Altcoin in the third place of the list: Chainlink (LINK)
Chanlink price has risen around 2.4% in the last 14 days. However, its price is trading around the $6.88 levels. According to the analyst, the biggest supporter of LINK’s price increase is “Chalink staking”. Staking went live as v0.1 as of December 6th. This is part of the “Chainlink Economy 2.0”. By staking LINK;
- You can secure the network.
- You can get stake rewards.
- You may qualify for incentives from Chainlink BUILD projects.
- You support the Web3 ecosystem.
Other than staking, the only way to get LINK rewards is to start your own node. Staking makes earning LINK more accessible and the price can go even higher.
Mina Protocol (MINA)
Another altcoin on the analyst’s list is MINA. MINA is the lightest and most accessible blockchain-featured cryptocurrency of all blockchains. The analyst says some good news has come from MINA. Mina Protocol developers are launching a zk bridge.
Kava (KAVA)
Kava is part of the healthy and thriving Cosmos ecosystem. It is however a DeFi lending platform. It is also a blockchain with its own KAVA token. Thus, Kava is connected to at least 30 blockchains thanks to the Cosmos IBC protocol.
According to the analyst, the launch of the KAVA MINT token for governance is eagerly awaited. However, KAVA will be the only altcoin to rule the Kava DAO. This is an important step towards the transition to the Kava Network.
Altcoin at the bottom of the list: Litecoin (LTC)
Litecoin is a PoW cryptocurrency. However, it has a different mining algorithm than Bitcoin. Altcoin price has continued to rise quietly in the last 14 days. Also, according to the analyst, one of the reasons for the price increase may be the halving that will take place in August 2023. However, good news about altcoin continues to come.
Earlier in November, MoneyGram added Litecoin for trading and storage. However, higher hash rates are seen. This is good for the health of the network. Also, Litecoin has been the leading PoW project since Merge.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.