In the crypto money market, which has been trading on the red side since December, the “Fear and Greed Index” has dropped to 10. However, crypto analyst Joe Parys thinks that 3 altcoin projects, which he believes to be undervalued, can do 100x. In this article, we take a look at analyst Joe Parys’ 2022 expectations, keeping in mind that the forecasts are not precise.
3 altcoin projects that Joe Parys expects 100x
The first low-value altcoin we will talk about, Polkadot (DOT), is a fragmented multi-chain protocol that facilitates the cross-chain transfer of not only tokens, but of any type of data or asset, thus allowing Blockchains to be interoperable with each other. Polkadot is also designed to provide a foundation for Web3. According to the analyst, Polkadot provides the necessary technology on which more projects can be built. It ranks first in the analyst’s 100x pack as the Polkadot ecosystem has drastically depreciated in the last correction.
cryptocoin.com The next altcoin on the list we compiled as Shiba Inu (SHIB) was anonymously created in August 2020 under the pseudonym “Ryoshi”. An investor community quickly gained in value, with headlines and social media memes from figures like Elon Musk and Vitalik Buterin. Fear towards the SHIB is at its maximum, but potentially doing the opposite in the long run, according to the analyst. If the aim in Shiba is to buy low and sell high, it can be said that the hype around Shiba has been “deflated” for a while. There’s also not a lot of parabolic price action. According to the analyst, these could be entry points that many people could potentially seek.
The last undervalued altcoin PancakeSwap (CAKE) is an AMM-DeFi protocol that allows users to exchange tokens, provide liquidity through farming, and earn passive income in return. PancakeSwap uses an automated market maker (AMM) model to trade against a liquidity pool. These pools are populated by users who deposit their funds into the pool and receive liquidity provider tokens in return. CAKE price also deepened in the last market correction and we may see a reversal soon.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. 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, asset or service in this article.
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.