Top 5 Altcoins to Buy Right Now According to a Crypto Analyst -Breaking
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- Altcoins is continuing to dominate the crypto market capital and investors.
- Youtube crypto analyst points to 5 top tokens that he believes will see a bullish year.
- This list also includes OHM and KLIMA as well as EWT, REN and KILT.
A fascinating aspect of cryptospace is its constant need to find out more. Investors and crypto traders alike are always looking for the most profitable crypto to trade or invest in. Many self-proclaimed crypto experts have created many media platforms to share crypto information, including market news, analysis and price predictions. Today, the focus is on the top 5 altcoins having a very bullish end of the year according to a Youtube crypto analyst ‘Chico Crypto.’
1. Olympus, OHM
The first altcoin as specified by ‘Chico Crypto’ is Olympus DAO (OHM). Why OHM? Olympus uses a distributed reserve currency protocol. Each OHM token is supported by assets from the Olympus Treasury. At first, the Treasury held only DAI. The Treasury quickly grew to include additional coins like FRAX, SUSD, SUSHI and ETH, along with LP tokens (such as OHMDAI from Sushiswap) within a relatively short period of time.
His views are that Olympus was one of crypto’s most diverse non-protocol token Treasurys. Its Treasury isn’t just made up of, OHM, it’s made up of other very valuable crypto assets. As of November 28, its market capital was over 1.2 million and it trades at $732.02.
Olympus builds its Treasury by buying Treasury assets at risk-free values from investors and then paying them back to OHM at a discounted rate after a specified vesting period which currently is five days.
2. Klima DAO (KLIMA)
Number two cryptocurrency Klima DAO has taken and forked the OHM protocol to create the world’s most liquid market for carbon credits while accelerating the price appreciation of these carbon assets. In Olympus DAO each token is backed with the treasure of crypto assets.
On Klima DAO however, each KLIMA token has BCT tokens backing it. These tokens are base carbon tonnes that basically act as on-chain carbon credit from the Toucan protocol. KLIMA now holds over $11.2 million tonnes of carbon in its treasure, worth more than $100 million.
KLIMA has achieved its goal of valuing carbon credits, according to him. Climate DAO was launched on October 18. The market has seen a rapid increase in renewable carbon credits prices. In November alone, the Platts Renewable Energies Current Year assessment has risen by nearly 63%. On November 22nd, it was assessed at $7.20 for each credit, an increase of $2.3 from August 9, and $2.3 above the August 9 credit. According to CoinMarketCap, KLIMA traded at $1,248.19 as of press time
3. Ren (REN)
Chico Crypto says this pick is all about interoperability of chains. That story is getting a lot more attention. Although it is ranked 137 by CoinGecko looking back at March, Ren actually was ranked number82. Ren will likely be back in the top 100 cryptos, and maybe even win its March ranking. At press time, REN’s price is $0.910216.
On Twitter, Ren (NYSE:) announced that their host-to-host was arriving to their protocol earlier. According to Ren’s Ecosystem advocate, Maximilian Roszko, H2H means RenVM will be able to bridge native coins and tokens between the chains IT support becoming a full-scale bridge. Ren VM’s support for seven assets (mostly legacy coins like (DOGE and) BTC), will expand to include most tokens available in the crypto-space.
4. KILT Protocol (KILT)
According to an analyst, the KILT Protocol has a lot of to do. It is a protocol on blockchain that issues self-sovereign revocable anonym credentials. These credentials enable trust markets in Web 3.0. It’s a blockchain about decentralized identities (DIDs).
Furthermore, the KILT token is one that’s going to work across both chains. It was launched as a crowd loan on Polkadot’s canary network Kusama, but at the end of the Kusama parachain lease, they will eventually migrate to their parachain on Polkadot. There is only one token per Kusama or Polkadot. This is a big deal, it’s the first and they are prepared for anything. He said that DonnieBigBags even tweeted about it.
KILT is what got him into GLMR/MOVR. They’ve been working on a liquidity mechanism for Polkadot — Polimec. DEXs are going to be subjected to strict regulation. KILT will establish a DeFi infrastructure that is fully compliant with regulatory requirements.
According to CoinMarketCap data, KILT Protocol trades at $9.21 and has a volume trading of $3665,895
5. Energy Web Chain (EWT).
The Energy Web Chain (EWT) is fifth. Energy Web Chain (EWT) is a virtual machine that uses blockchain technology to aid in the development of applications for the energy sector. Energy Web Token is the operational token that powers Energy WebChain.
Energy Web has recently revised their code of conduct for validators. It includes a section about obvious rent-seeking. They say “Validators who are transparently motivated solely by EWT block rewards, abuse their position as validators to create deleterious effects on EWT markets, and/ or do not contribute to the mission and success of the EWT ecosystem, as described above, will face temporary suspension and or expulsion from the validator set. The end of the year will bring something huge for the energy network, he says. This saying was tweeted by Jessie Morris CEO at energy web
Staking is a key tool to bring the Energy Web Stack on the market. Staking is a way for individuals and corporations to get involved in certified renewable energy projects. It also allows them to bring enterprise-grade solutions onto the market.
He concludes by saying that EWT can be connected to KILT, and KILT to Polkadot. EWT is expected to eventually be a relay chain that connects back to Polkadot. Not to be forgotten. EWT is currently available at $9.31/unit.
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