Crypto analyst Tyler Swope shares his year-end targeted altcoin projects that he believes will reward their patient investors. Of course, keep in mind that Swope’s estimates are not precise. The analyst bases the expected rise on the following analysis.
Analyst follows Chainlink closely
cryptocoin.com In his recent YouTube video, Tyler Swope shared the decentralized oracle network Chainlink (LINK) and two altcoin projects that he says will reward its investors through a superior staking mechanism. According to the analyst, the three cryptocurrencies stand out from other projects by leveraging a new method of staking that relies solely on real-life business performance rather than inflationary rewards. Swope begins with:
A new type of staking is coming, based on real-world business performance. Speculation and inflation will no longer be the main driver of an altcoin, but the stock can be attributed to metrics, performance and alignment of goals between cryptos in an industry ecosystem.
Staking or locking crypto to earn interest or rewards tends to increase the supply of altcoin’s tokens, which leads to inflation. Swope says LINK plans to combat this by cutting out unwanted node providers and rewarding good ones:
The beauty of Chainlink staking is that Oracle nodes can collect LINK tokens from the community for the collateral required by the deals. This allows for growth. Good service providers will be able to conclude more service contracts for customers, as they can get a share of the community and share revenues, i.e. service rewards, with the community.
Altcoin projects come to the fore with real use cases
- Swope is also closely following the Energy Web Token (EWT), a blockchain platform designed to accelerate a low-carbon system that leverages open-source, decentralized, digital technologies. The analyst says the EWT has a similar plan to fight inflation by rewarding only those shareholders who are considered to be performing well.
- Finally, Swope brings up UBT, Unibright’s native utility token, a framework that aims to simplify blockchain and contracts for large businesses using its “no-code” approach. The analyst highlights the importance of UBT in the Baseledger token model, a project that aims to connect corporate organizations to Ethereum.
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