, host of Youtube crypto channel Cheeky Crypto and famous analyst Chris, announced the 5 most potential altcoin projects that investors should follow. As Kriptokoin.com, we convey the altcoins and expected levels on the analyst’s list.
Here are the top 5 altcoin projects for May:
Uniswap (UNI)
The first altcoin on the analyst’s list is Uniswap (UNI). Uniswap; It is a decentralized exchange (DEX) structure developed to facilitate the trading of tokens in the decentralized finance (DeFi) ecosystem. UNI was ranked 26th in terms of market capitalization with its recent price activity. The analyst sees UNI as a solid project with great potential that could rise again despite a price pullback. That’s why Uniswap ranks first on the analyst’s list.
Cardano (ADA)
Another altcoin on the analyst’s list is Cardano (ADA). Cardano, the largest smart contract platform, is a proof-of-stake blockchain platform. According to the analyst, the Cardano smart contract platform ecosystem has technology superior to Ethereum. Chris expects a price increase for Cardano, which he says will be one of the kings of DeFi and Artificial Intelligence. Talking about the bridges to be added to the platform, the analyst thinks that network activity will also increase rapidly and says:
There is no better way than staking your ADA. By doing this, you will not only support the ecosystem but also generate a nice passive income from your ADA assets.
Terra (LUNA)
Terra (LUNA) is the third altcoin in the list. Terra is a blockchain protocol that uses stablecoins to power price stable global payment systems. According to its whitepaper, Terra strengthens the price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin (BTC). LUNA is ranked 9th by market cap. After the announcements in the Fed, the vulnerability in the entire cryptocurrency market also affected LUNA, and the altcoin experienced a pullback in price. The analyst said of Luna:
It will be a project that becomes more stable over time. Programmable for the Internet, he began investing in Bitcoin (BTC) and various other assets that would bring sustainability to this ecosystem.
Polkadot (DOT)
The next potential altcoin is Polkadot (DOT). Polkadot is an open-source, fragmented, multi-chain protocol that allows blovkvhains to interoperate with each other. Polkadot is designed to provide a foundation for a decentralized blockchain internet, also known as Web3. According to the analyst, this project has big tech power chains and many projects are being built on the platform. That’s why Polkadot ranks fourth on the list. DOT is currently ranked 14th by market cap.
The last altcoin on the analyst’s list: Near Protocol (NEAR)
The last altcoin mentioned in the list is Near Protocol (NEAR). NEAR Protocol is designed as a community-run cloud computing platform. It is a layer 1 blockchain that removes some of the limitations that hinder competing blockchains, such as slow transaction speeds, poor throughput, and poor interoperability. According to the analyst, Near Protocol has a solid team, solid technology and will do really well using a lot of buzzwords around the metaverse. It’s a multi-chain future, and it’s definitely a project that investors should do some research into. NEAR ranks 18th by market cap. The analyst concluded his views with the following words:
These are 5 super projects with medium and long-term potential. They’re great projects with solid teams and solid use cases. In volatile markets, this is what you should care about.
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