The crypto market is down these days. This is considered a good opportunity to jump into a potential project. However, traders are wondering which one has the greatest potential to participate. Crypto analyst Cheeky Crypto shares the top 5 altcoin projects that can easily make millions even in a bear market. We have prepared Cheeky Crypto’s predictions for our readers with their own narration. However, we strongly recommend that you do your own research when investing, as cryptocurrencies are highly volatile and the analyst’s shares are just guesses.
The first altcoin that can easily make millions, Cardano (ADA)
Cardano is a Proof of Stake (PoS) Blockchain platform that says its purpose is to allow ‘changers, innovators and visionaries’ to create positive global change.
Cardona will be one of those projects you’ll want to draw attention to because their hard fork is due in June. This is a game changer for the network in terms of scalability. There is serious potential moving upwards. Projects that will be built and released on the ecosystem and drive further adoption. Traders can enter the range of $0.685 to $0.742.
The second rank project is VeChain (VET)
VeChain (VET), which you can get detailed information from this article of Kriptokoin.com, is a versatile, enterprise-level project. L1 smart contract platform. VeChain started in 2015 as a private consortium chain working with a number of businesses to explore Blockchain applications. VeChain would begin the public blockchain transition with the ERC-20 token VEN in 2017, before launching its own main-net using the VET token in 2018.
We’re down to $0.0285 and we actually want to go up to $0.04. The opportunity for Vechain actually comes a little later. We can jump from $0.0177 to $0.018. You will really start to see the significant gains to be made in the portfolio here.
The third altcoin on the list is Harmony (ONE)
Harmony, a Blockchain platform designed to facilitate the creation and use of DApps . The network aims to renew the way decentralized applications work by focusing on random state sharing that allows for block generation in seconds.
There is a potential upside to around $0.073 but this level will invalidate the lows. If we go up significantly, we will actually have a different correction pattern. Therefore, if we hold it below $0.069, we should consider moving into these lower ranges for accumulation. It depends on how Bitcoin behaves.
Zilliqa (ZIL) next project on the list
Zilliqa is a public, permissionless blockchain designed to deliver high throughput with the ability to complete thousands of transactions per second. It aims to solve the scalability and speed issue of Blockchain by using sharing as the second layer scaling solution. The platform hosts many decentralized applications, staking and yield farming.
Zilliqa is in a slightly directional move. We almost hit an all-time high with this really nice impulsive build. This could mean some really big gains for Zilliqa in the future. We have an override to obtain at $0.033. We should stay above $0.033. If we don’t do that, we have a big question mark and we’ll have to iterate a bit to figure out which build will be better in the long run.
What we want to achieve is to hold above $0.033. If we don’t, it’s more likely to be a zigzag pattern where five more waves go up and that’s the end of the visitor’s gains. The accumulation zone is at $0.032, which invalidates our low and becomes $0.03618 which will keep our structure intact.
The latest altcoin to easily make millions Chainlink (LINK)
Chainlink is a Blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink enables blockchains to securely interact with external data streams, events, and payment methods, providing the critical off-chain information complex smart contracts need to become the dominant form of digital contract.
Token use case designed to be paid in Blockchain analysis. So if you want to fetch real world data about Blockchain, you will use Chainlink using their Oracles and you will pay with LINK to do so. So with 1,000+ integrations, Chainlink will be great in the long run.
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