The entire altcoin market has been red for the past few days. However, investors are still wondering which altcoins to hold and which to remove from their portfolios. To answer this question, let’s take a look at Chris’s list, an analyst at the Youtube channel Cheeky Crypto.
5 altcoins that you can list before the end of April
The first project on the list, Quant (QNT), was built as a distributed ledger technology (ledger) and an operating system of the Overledger Network to connect different Blockchain networks. The project is billed as the first operating system to be built for Blockchains. QNT is currently trading at $106.39 and is ranked 71st by market cap. According to the analyst, it can do good work in the medium and long term.
Stellar (XLM)
The next altcoin Stellar (XLM) is an open network that allows money to be moved and stored. When it was launched in July 2014, one of its goals was to increase financial inclusion by reaching the world’s unbanked. However, their priorities soon shifted to helping financial firms connect with each other through Blockchain technology.
XLM can be used to store and transport money. As a result, it has great potential to grow in the future. XLM is trading at $0.19 and ranks 30th by market cap. Its price increased by 5.31% on April 25, indicating that this project is in the growth phase and investors can make big profits in the future.
This altcoin attracts the attention of institutional investors
The third and final altcoin is Algorand (AGO). Algorand is a self-sustaining, decentralized, Blockchain-based network that supports many applications. These systems are secure, scalable and efficient, all critical features for effective real-world applications. Algorand supports computations that require reliable performance guarantees to establish new forms of trust. As we quoted as Kriptokoin.com, SkyBridge Capital founder Anthony Scaramucci shared why he invested in Algorand in a recent interview.
ALGO removes all the technical barriers that plague this space and hinder mainstream Blockchain adoption. It can be said that they have a solid technology and a solid team. ALGO is currently ranked 31st and is trading at $0.6799.
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