Shiba Inu (SHIB) attracted the attention of many people with the earnings it provided to investors last year. That’s why investors are looking for the next SHIB. Rick Munarriz, a Motley Fool analyst, drew attention to 3 altcoin projects that he claims have more potential than SHIB. Here are the coins pointed out by the analyst…
The analyst sees great potential in these 3 altcoin projects
As we have also reported as Kriptokoin.com, it has been only two summers since the launch of Shiba Inu and the coin hoping to catch some use cases. Analyst Munarriz draws attention to 3 altcoins that SHIB thinks have the potential to offer. Here are the analyst’s comments…
- Terra (LUNA): According to the analyst, Terra is a rising star in DeFi applications. Terra is the native token of the TerraUSD stablecoin platform. TerraUSD is a stablecoin. There are other Terra-based stablecoins that are tied to other currencies. The project allows for cross-border value exchange and instant swaps. Currently the total locked value (TVL) on Terra is $27 billion and is the second most popular crypto on DeFi chains. The DeFi appeal here is that investors can earn high returns on TerraUSD through the Anchor savings and lending protocol Terra introduced last year.
- Avalanche (AVAX): Speed is needed in the world of crypto transactions and Avalanche is thought to provide it. Avalanche uses three interconnected Blockchains to make smart contracts more efficient, each focused on a specific task such as scalability or security. Avalanche has $10.7 billion TVL, making it the fourth most popular DeFi chain. There are 198 different protocols based on AVAX to increase efficiency with Layer-1 network.
- Decentraland (MANA): Decentraland is credited with being affiliated with a popular online community that bears its name. When Decentraland launched, it described itself as the original metaverse owned by its users. A few months ago there were over 300,000 monthly active users within the Decentraland community. While the crypto has stagnated since its rise in October, the analyst points to applications on the platform and its growing relevance.
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