Analyst Elliot Wainman shares his top 10 explosive altcoin projects with his subscribers, as the crypto market heats up and shows signs of recovery after several painful months. we too cryptocoin.com we have prepared for you.
Altcoin Sushiswap (SUSHI) at the top of the list
According to analyst Elliot Wainman, SUSHI is one of the underperforming altcoins in the past few months. The analyst underlines that Sushiswap is one of the most used DEXs on the entire Internet, and also states that on numerous chains, it has been an early adopter and is now pushing NFTs.
In terms of price action, analyst Elliot Wainman points to the current ongoing price pressure:
It has been in this overwhelming consolidation for a while. It won’t pump. It won’t pump and it smells to me like there’s some price pressure here. I definitely expect some really interesting price action from SUSHI in the next few months. It can warm up and recover its all-time highs and get some pretty impressive growth from there.
Next altcoin projects Solana (SOL) and Polkadot (DOT)
Elliot Wainman says there is a similarity between Solana, Sushiswap and Polkadot with a significant latency of 3 chains, but it won’t stop once the coins start pumping.
These are the types of projects that can make a huge difference in your portfolio.
at number 4 on the list There’s Banana (BANANA)
Banana (BANANA) is the next altcoin on the analyst’s radar. Banana is a cryptocurrency that is the yield of the CyberKongz ecosystem. According to Elliot Wainman, CyberKongz, which created the BANANA token in a short time, could yield 10 BANANA per day for the next 10 years.
This is so crazy. That means he earns $43 per coin every day, which makes $430 in Cyberkong, for a total of roughly 150,000 per year. These early NFT games, combined with DeFi in this case, literally have a payable NFT making people an executive salary as they do nothing but hold a 3D pixel art NFT token, and that’s the magic of getting into early ecosystems.
Phantom (FTM) is 5th on the list
Fantom (FTM) is a highly scalable Blockchain platform for DeFi, crypto dApps and enterprise applications. The analyst says the only thing missing for Fantom is that it doesn’t have a large and widespread community, but he notes that that could change with more exciting projects popping up on the network like Loot and Rarity.
Other altcoin projects
The sixth altcoin on the list is Avalanche (AVAX). Elliot Wainman suggests there will be a lot of momentum coming to the ecosystem that will act as a price catalyst for AVAX.
The seventh altcoin Joe (JOE) is a one-stop decentralized trading platform on the Avalanche network. JOE is a management token that rewards its holders with a share of stock market revenues.
Next is Polygon (MATIC). It’s one of those ecosystems that tends to go out of sight, according to the analyst. The analyst says there is a lot of growing investment and interest for Polygon, commenting:
There are crazy integrations with mainstream assets and they bought a second Blockchain called Hermez, which is also a ZK Blockchain. This means that Polygon will start for this kind of Cosmos, Polkadot type nested Blockchain architecture.
Thorchain (RUNE) and Ren (REN) are the last coins on Elliot Wainman’s list. The analyst believes these will be a hot narrative as interoperable futures, noting that the bridge future has become a very big reality.
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