According to analyst Camille Lemmens, the cryptocurrency market is about to make a rough rally. In fact, whale movement, on-chain data, everything tells us altcoins are one foot higher. In the coming weeks, he draws attention to four altcoins that he expects to rise. Here are the details…
The first crypto on the analyst’s list: Immutable X (IMX)
ImmutableX is the first pick for April. cryptocoin.com As we reported, two weeks ago, ImmutableX collaborated with Polygon. They announced IMX zkEVM. ImmutableX has a big place in blockchain games. The Polygon partnership was big news. Both projects together have invested almost $2 billion in Web3 games. So, ImmutableX is the leading web3 game development platform. On the other hand, Polygon is the current leading protocol for web3 games. According to the analyst, this should also lead to some big news.
As a result, IMX is about to see the biggest token utility upgrade in zkEVM, according to the analyst. Two of these updates are currently in effect. We will see a new update on April 19th. This is an upgrade for IMX tokenomics. Another new feature is Passport. It allows participation via passwordless login. It also has automatic wallet creation feature. The current IMX price is $1.03. The market cap is $0.94 billion and 52 percent of the 2 billion max tokens are still locked. On April 22, we will see another 0.9 percent unlock.
The second coin became dYdX
dYdX is the leading perpetual futures contracts DEX on Ethereum. According to the latest developments, the platform is moving away from Ethereum. Just like SushiSwap, it’s porting to Cosmos. dYdX is not happy with transaction speeds on Ethereum. The team also looked at Solana and other options. However, they decided on Cosmos. Currently, they have announced the final testnet. This V4 private testnet was launched on March 28. It is expected to take only 2-3 weeks. The final testnet will be the public testnet. This will be launched towards the end of July. The mainnet is currently scheduled for September.
According to DeFiLlama, dYdX has a total locked value (TVL) of $344.4 million. This makes them currently the 17th project on Ethereum in terms of TVL. Coming back to Cosmos, this platform provides a great opportunity to connect with all IBC chains. The current DYDX price is $2.43 with a market cap of $379 million. The maximum and total supply is 1 billion tokens. Currently, only 155.6 million tokens are in circulation.
Injective also entered the list of cryptocurrencies
Injective is one of the fastest layer-1 Blockchain around. You can find Injective’s altcoin on the Cosmos ecosystem and IBC. Because it’s built on Cosmos, you can expect fast speed transactions at low costs. Transaction fees are under $0.01. Also, the platforms have block times of 1.1 seconds and can handle 10,000 TPS. So, besides interoperability within the IBC ecosystem, there is more. It is also one of the 56 existing regions. That is, Injective supports interoperable DeFi applications. The platform offers a variety of blocks. These include:
- High performance DEX infrastructure.
- Decentralized bridges.
- Oracles.
- CosmWasm composable smart contract layers.
It can also work with other layer-1 chains like Ethereum, Aptos, Solana, Polygon and more. It also has an extensive ecosystem of institutions, blockchains, exchanges, validators, and wallets. The current price of INJ is $5.50. Its market value is $439 million. The maximum and total supply is 100 million tokens. The good news is that 80 million of the tokens are already in circulation.
The fourth altcoin is Flashstake, unknown to many
Lemmens said, “Flashstake is a new financial infrastructure. How about money that travels through time? That’s right, I haven’t lost my mind yet! But that might be the best way to describe Flashstake,” he says. You can deposit your crypto assets on this platform. Nothing new, right? TRUE. But the new thing is that you can get the entire return right away. So you don’t have to wait, according to the analyst. You can get your return 100% upfront. Up to two years. Therefore, the analyst argues that the coin is money from the future. It claims to work simply and easily:
- Choose the number of tokens to stake.
- Decide how long you want to stake.
- Get the return in advance.
The good thing is that you can’t be liquidated.
- Your funds are always 100% guaranteed.
- You can lock your funds up to the minute. In other words, you know exactly when your principal will be available again.
- You can also unlock the principal early. You will have to pay back some of the leading income.
The current price of FLASH is $0.241295. Market cap of $7.9 million. The maximum and total Flash token supply is 150 million. Currently, only 33 million are in circulation. Finally, it is worth noting that cryptocurrency investments can be risky and every investor should make their own investment in line with their research.
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