Tom Busby, a high-profile trader of CryptoBusy, a channel that publishes crypto news and coin reviews on Youtube, shared with his followers four altcoins that he thinks have the potential to rise 10 times in the fourth quarter of 2021.
Zilliqa (ZIL)
A cryptocurrency project that aims to make blockchains faster and more scalable. Zilliqa (ZIL), ranks first on the trader’s list.
“The platform uses sharding technology to streamline the consensus process so that Ethereum and other blockchains can host distributed applications or successfully enable fast transaction processing.”
ZIL is trading at $0.09 with a market cap of $1 billion at the time the video was shot. According to the Trader, ZIL looks forward to a very bright future in the coming days, with additional improvements and upgrades occurring on its platform. Busby believes that ZIL will soon break the $0.155 resistance level and even reach the $1 higher levels.
Utrust (UTK)
Next in the list of cryptocurrencies, which the analyst thinks will increase by 10 times Utrust (UTK) exists. The Utrust platform is designed to provide solutions to problems that result in the low availability of cryptocurrency as a means of payment, especially the underdeveloped transaction security and relatively high fees of payment platforms.
The new partnership FinXP and Utrust established and announced to enable instant crypto-to-fiat payments for traders will also positively impact the altcoin’s price performance, as explained by the trader:
“The collaboration between both companies will provide unique, new benefits for Utrust clients and in the process continue to revolutionize the crypto e-commerce industry.”
At the time of the video’s release, UTK was trading at $0.3 with a market cap of $161 million.
Ripple (XRP)
Ranking third on the analyst’s list, at $1.10 at the time of writing XRP; It has a good chance of reaching $1.50 in the fourth quarter of 2021 after exhibiting a bullish crossover between its 20-day and 50-day exponential moving averages.
“We have witnessed the so-called Golden Cross on XRP charts many times throughout history. It last occurred on August 10, and was then followed by an 80 percent price rally, peaking seasonally at $1.43 before turning back to bearish.”
According to the analyst, as a result of the ongoing litigation with the SEC, XRP seems to be strongly heading towards the top to reclaim its position. If Ripple wins the case, it will deal a major blow to government agencies aiming to regulate cryptocurrency transactions.
Swissborg (CHSB)
A platform created to democratize asset management by making it fun, fair and community-centered. SwissBorg (CHSB), is last in the list of altcoins that the analyst expects to see a big increase.
The company’s flagship product, the SwissBorg app, allows over 450,000 users to buy, sell and trade digital assets with features like AI-powered asset analysis and Portfolio Analysis to help investors make smart investment decisions.
“Best-in-class Smart Yield wallets also increase the benefits of their own token staking utility by enabling users to earn up to 20% returns in USDC and offering Premium account holders up to 2x returns”
CHSB is changing hands at $0.64, with a market cap of $641 million at the time of the video’s release.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.