Known for his various altcoin predictions in the cryptocurrency market, Chris Burniske shared 9 altcoins that are currently in focus. Among these coins, the analyst especially drew attention to Stacks (STX). Here are the details…
Analyst bullish especially for this altcoin
As we have also reported as Kriptokoin.com, the investor, who correctly sees the bottom of the crypto bear market, says that a 2,200 percent gain can be made for a trending altcoin. Chris Burniske, partner at venture capital firm Placeholder, says that Stacks (STX), a project aimed at increasing the utility of Bitcoin (BTC), has a lot more positive potential than people think.
In a Twitter thread, Burniske says that while Ethereum’s (ETH) layer-2 ecosystem attracts new capital and interest, Bitcoin has so far lagged behind as market participants have given up on making the flagship Blockchain programmable. But Burniske says that Bitcoin could be close to experiencing the moment of the layer 2 ecosystem, and with very little competition, STX could take advantage of it. The analyst uses the following statements:
Competition among Ethereum L2s is fierce, while Stacks has little competition as people have given up on Bitcoin programmability. By the way, the largest layer-2 on Ethereum is MATIC.
What are the other coins in the analyst’s focus?
Currently, STX is trading at $0.932, up 238 percent this month, according to Cryptokoin.com data. Burniske also lists a number of crypto assets that he finds interesting:
- Dogecoin (DOGE)
- Toncoin (TON)
- Lido DAO (LDO)
- Internet Computer (ICP)
- Algorand (ALGO)
- Flow (FLOW)
- Decentraland (MANA)
- Axie Infinity (AXS)
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