Addressing over one million followers on Twitter and Youtube, Altcoinbuzz has listed two altcoins that it expects 20x. The selections include Cardano-based projects and are based on the latest news that has emerged.
Altcoin Buzz analyst expects 20x in this rebranded coin
Lymph (LENFI)
Lawrence Mike Woriji, one of the altcoinbuzz analysts, included 2 projects that he expects to rally from the Cardano network in a new list. Its first choice, Lenfi, is a decentralized non-surveillance protocol. This altcoin project allows users to act as depositors and borrowers in a P2P manner. It also allows users to provide liquidity by depositing funds into the liquidity pool for passive income. In this way, borrowers can use their liquidity pools to get an overcollateralized loan.
LenFi’s loan pools are a huge game changer for the Cardano ecosystem. It revolutionizes the way borrowers and lenders interact within the DeFi space. This makes it easier for people to access credit. The project has recently been rebranded, moving from its old name Aada to LenFi.
Lenfi’s loan pools also increase the liquidity in the ecosystem. LenFi pools funds from several lenders, increasing the total amount of money borrowers can use. In addition, Lenfi’s pool loans promote financial inclusion. It allows those with less wealth to participate in lending activities. This lowers barriers to entry and allows more people to access DeFi.
Hence, Lenfi emerges as a strong project in terms of its value proposition. Vacuumlabs has also provided some form of reliability by auditing this protocol. In terms of documentation, Lenfi has a lightpaper and some members of the team are active on social media.
Also, Lenfi has a good portfolio of partners in the Cardano (ADA) ecosystem. All this has contributed to its rise in recent months. Let’s look at the numbers: LENFI is currently trading at $3.87, which is roughly 21x more than the bear market low of $0.1775. According to the analyst, there is a possibility of up to 30 times in the coming months.
MuesliSwap (MILK)
MuesliSwap is the first decentralized exchange (DEX) in Cardano. It provides the Cardano community with a smart, contract-powered trading platform. Mueliswap offers services like classic ledger swaps, liquidity pools, AMM swaps, staking and farming.
In addition, Mueliswap enriches the Cardano ecosystem with its features not limited to token trading. It also provides a decentralized token launchpad and an NFT marketplace. MILK token serves as the native cryptocurrency of the platform and is a management unit.
Mueliswap has several features to succeed in Cardano. It has a large number of tokens listed on its DEX and has already been audited. In terms of documentation, Mueliswap has a published white paper, among other important documents.
MILK is currently trading at $5.17, which is nearly 9 times more than the bear market low of $0.49. It gained 15% in value compared to the last 24 hours. The ATH level of MILK price is at $7.63. It shows that it is very close to reaching new heights. cryptocoin.com In this article, we have covered another Altcoin Buzz analyst Mike Woriji’s choices for the $1,000 portfolio.
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