Binance exchange’s native cryptocurrency, BNB, gained more than 550% in just 140 days in the 2021 altcoin bull. According to a popular Twitter analyst, another exchange token could perform similarly. Let’s take a look at the analyst’s expectations, keeping in mind that the estimates are not certain.
Kevin Svenson: This low-value altcoin will break into the top 25
During the next bull run, popular crypto analyst Kevin Svenson believes that a single altcoin project can rise to the top 50 cryptocurrencies by market cap. says. In his recent analysis, Svenson “guarantees” that KuCoin Token (KCS) will follow in the footsteps of Binance Coin (BNB) and Cronos (CRO) to rise from #76 to the top 25 cryptocurrencies by market cap:
During the entire crash since November 2021, KuCoin Token was one of the strongest cryptocurrencies. Compared to BTC and held its value… imagine what KCS would do if it was in a bull.
KuCoin is a cryptocurrency based on the Ethereum (ETH) network. KuCoin’s native token, KCS, aims to encourage network participation by lowering trading fees and rewarding its investors. KuCoin is currently trading at $21.32 and has gained roughly 16.8% over the past seven days.
Svenson believes it will be the best performing cryptocurrency among all cryptocurrencies in the top 100 market capitalization rankings in the future. The analyst also predicted a pricing increase for the layer-2 protocol Loopring (LRC) earlier this month. Loopring said that the beta version of GameStop’s new NFT platform built on Blockchain is now online for early registrations and deposits at the same time that the price of LRC has increased.
Why should Loopring be followed
In Svenson’s analysis dated March 24, which we quoted as Kriptokoin.com, we saw that the Loopring price increased by 46% and reached the 80th rank according to the market value. The price increase came as Loopring announced that a beta version of GameStop’s new NFT platform built on Blockchain is now live for early signups and fund deposits, with a full launch in the near future.
Loopring allows anyone to create non-custodial, ledger-based exchanges on the Ethereum (ETH) network using zero-knowledge (ZK) proofs. LRC traders can earn staking rewards from fees paid by decentralized exchanges (DEXs) built using the Loopring protocol.
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