Leading crypto Bitcoin crashes unexpectedly after seemingly pumping! But don’t be afraid! CryptoBusy analyst Josh explains the 4 most valuable altcoin projects currently on sale for those who want to make sweet profits in the future.
The first altcoin on the analyst’s list Polkadot (DOT)
Polkadot is a cross-chaib of any data or asset type, not just tokens, that connects and secures a network of private Blockchains. An open-source, fragmented multi-chaib protocol that facilitates the transmission of blockchains, thus allowing interoperability of blockchains. Polkadot is designed to provide a foundation for a decentralized blockchain internet, also known as Web3.
Polkadot is currently at $14. The analyst says that relative to the all-time high (ATH), this represents a 300% gain. According to the analyst, since Polkadot is among the top 20 cryptocurrencies, this is a safe bet to get good results. The analyst points to the following levels:
Technically it has a huge upside potential compared to where it is. There is a demand level between $10 and $13 on the three-day chart, so if it hits this level, DOT is an altcoin to consider.
The second low-value altcoin for sale Cosmos (ATOM)
Cosmos, which you can get to know in detail from this article of Kriptokoin.com, is one of the “hardest problems faced by the blockchain industry”. ” presents itself as a project that solves some of them. By offering an ecosystem of connected Blockchains, it aims to offer an antidote to ‘slow, expensive, scalable and environmentally harmful’ Proof of Work (PoW) protocols such as those used by Bitcoin.
“Cosmos, another altcoin with great potential,” said the analyst, tracking the support level around $17 and descending almost to $8 or $9. According to the analyst, they all appear to be valid buying areas. However, the analyst, who said that the tarders should focus on the $13 and $14 range, reminds us that we are in a falling market. The analyst also draws attention to the following levels:
However, this support level around $12, $13 and $14 seems to be the main support. If we go to an all-time high from here, that’s a 156% to 157% gain. It’s really nice to see this from a cryptocurrency that’s already huge.
Chainlink (LINK), next project on the list
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.
Analyst states that he has reached this important level of demand on the daily charts, saying, “After days and months of waiting, we finally got into this and as long as we see a nice structure break, if we go above $13 to $14, it’s definitely nice upwards in the $25 to $30 range. We’re going to see a push,” he says. The analyst gives the following assessment for the altcoin:
LINK has incredible potential to hit an all-time high from where we are. We are looking at a gain of 413% and as such a large cryptocurrency, LINK has tremendous potential to reach this high.
Last on the list Elrond (EGLD)
Elrond is a Blockchain protocol that aims to offer extremely high transaction speeds using sharding. The project describes itself as a technology ecosystem for the new internet that includes fintech, decentralized finance (DeFi), and the Internet of Things. The smart contract execution platform is reportedly capable of 15,000 transactions per second, six seconds of delay, and 0.001 transaction costs. The analyst’s views on the altcoin are as follows:
This altcoin deserves to be back where it is depending on the market. To get back to where we were, we could see a 355% increase and we are actually getting to a very important support level. We have multiple demand levels between $70 and $95.
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