Crypto analysts and experts have chosen altcoin projects from different segments that are little known but have potential for investors and traders seeking the market. We’ve compiled the experts’ picks for our readers.
2 little-known altcoins with serious earning potential
Pocket Network (POKT)
The altcoin has followed a descending resistance line since May 31. More recently, this line was rejected on September 6 (red icon). It also dropped as low as $0.037 on Nov. 14. Despite the decline in the rest of the crypto market, POKT has risen since then. It broke out of the resistance line on December 6th. This breakout, combined with an RSI break above 50, added to its legitimacy. At the time of the escape, the line had been in place for 203 days. If the upside continues, the nearest resistance area will be $0.132. Since the line has been in place for a long time and the RSI breakout, POKT trend is likely to turn bullish.
Komodo (KMD)
Since May 10, the altcoin has formed a triple bottom pattern (green icons) above the horizontal support area of $0.18. The pattern also coupled with the bullish divergence in the RSI (green line) further increased its legitimacy. KMD has been facing resistance from a descending resistance line since July. A breakout from this will likely lead to an upside move towards the $0.32 resistance area, which is up 60% from the current price. Conversely, a weekly close below the $0.18 area will invalidate this bullish prediction.
Top 3 decentralized exchange (DEX) tokens on watchlist
Bancor (BNT)
Bancor is the only decentralized staking mechanism that offers full protection against temporary losses and single token risk. It is possible for traders to provide liquidity for their network pools using the protocol’s token. Everyone has the opportunity to add liquidity to the pools. A pool’s liquidity providers are entitled to charge for transactions that pass through the pool when they offer liquidity to the pool. Liquidity providers’ pool fees are awarded to them to reflect their proportional share of liquidity and mining rewards.
Hash Flow (HFT)
Hashflow is a decentralized exchange built for interoperability, zero slip and MEV protected transactions. By linking your wallet, you can instantly transact with any asset on any Blockchain. Hashflow provides fully native cross-chain swap functionality without using bridges or synthetic assets. Thus, it enables seamless trading between one or more Blockchains with guaranteed price enforcement. As a result, Hashflow now enables seamless trading of goods that was previously impractical in DeFi.
0x (ZRX)
Users can effortlessly buy and sell ERC20 tokens and other assets on the Ethereum Blockchain, thanks to the 0x infrastructure protocol, without relying on centralized intermediaries like traditional cryptocurrency exchanges. 0x combines a set of open-source, publicly-controlled smart contracts. Thus, it creates a flexible, low-dispute trading protocol that product developers easily incorporate into their own creations. ZRX tokens are used to pay nodes running an off-chain order book, provide user-facing applications that display this data, and allow users to create, fill, and cancel transactions.
Top 3 P2P altcoin projects to watch
XCarnival (XCV)
XCarnival is a fundraiser for metaverse assets. It provides cutting-edge liquidation solutions for various NFTs and long-tail crypto assets. Meanwhile, XCarnival won the BSC Hackathon Championship for Southeast Asia as the pioneer of the NFT funding provider. Additionally, one of the pioneering initiatives to encourage users to use NFT lending mods with mining rewards. In addition to developing the altcoin, NFT and Metaverse industrial ecosystem, it aims to create a Metaverse financial infrastructure dedicated to providing liquidity options for Metaverse assets.
Binemon (BIN)
Binemon has the characteristics of an idle RPG game. Non Fungible Token (NFT) game of a virtual pet on BNB Chain. Additionally, users can connect to battle in environment vs player (PvE) and player vs player (PvP) modes. They also have the opportunity to earn Bitcoin rewards this way. The game takes place on Earth, where ‘Mons’ are creatures living in outer space. Players can level up their Mons in the game’s PvE campaign.
MetaSoccer (MSU)
MetaSoccer, the first football Metaverse. It allows you to manage your team, recruit and develop new players, host games in your own NFT stadium and earn money while you play. It simply means that a complete football universe has emerged on the Blockchain. This is the beginning of a new decentralized paradigm where you can be actively involved in the sports ecosystem in various ways. Globally influential multibillion dollar markets for video games, football and sports betting are combined in this universe through Blockchain and NFT technologies. For the latest and most up-to-date cryptocurrency news and analysis cryptocoin.comDon’t forget to follow
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