The cryptocurrency market has been on the decline and going through tough times lately. Many investors are in search of altcoins where they can make a profit by compensating for their losses. According to Tom, an analyst at Youtube crypto channel CryptoBusy, this drop could be a good opportunity to make good profits by picking up some altcoin projects from the bottom. At Kriptkoin.com, we are sharing the 4 most potential altcoin projects that the analyst thinks can be bought from the bottom in this drop.
These altcoin projects will hit all-time highs
The first altcoin on the list is Zilliqa (ZIL). Zilliqa is a public, permissionless blockchain designed to offer high throughput with the ability to complete thousands of transactions per second. Blockchain aims to solve the problem of scalability and speed. The platform hosts many decentralized applications. The analyst thinks that ZIL can rise to the level of 1 dollar and says;
We saw a big drop for Zilliqa and it went as low as $0.32. This is the level at which we must return to Zilliqa. Then, halfway through, the test will be done again and the rest will follow. So this could be a continuation of the big uptrend. This means that we can enter a price around $0.1 and our first target should be the all-time high of $0.23 to $0.26. Next, ZIL, where we can see where it goes, could be an altcoin going to $0.47, $0.50 or even $1
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The second altcoin Tom mentioned in the list is Polkadot (DOT). Polkadot is an open-source, multi-chain protocol that allows blockchains to interoperate. It is designed to provide the foundation on a decentralized blockchain internet, also known as Web 3. The analyst thinks that the DOT may rise to all-time highs again and says;
Polkadot is a really nice level to buy. We are at the demand level of 14 to 17 dollars. The price could rally above the $19-20 zone to continue towards at least $24 or perhaps even $30 and return to its all-time high. We could see the DOT price spike as high as $55. So this is an altcoin that should be bought during the dip.
The analyst is very confident in these altcoins
Another altcoin on the analyst’s list is Solana (SOL). Solana is a highly functional open source project for DeFi solutions of blockchain technology. SOL was also affected by the market going into a downtrend, with a massive drop of about 27 percent from where it was just a week ago. The analyst says the following for Sol, which he considers to be quite safe for investment;
This demand level led to the break of the $86-91 levels. Traders can rally at these levels from Solana and wait to see the price break $111. This is already a gain of 25-26%. SOL is a really solid altcoin in the top 10 by market cap. Therefore, it is a very safe investment.
The last altcoin on the list is Theta Network (THETA). Theta Network is a blockchain powered network built specifically for streaming video. Launched in March 2019, Theta mainnet operates as a decentralized network where users share bandwidth and computing resources peer-to-peer. For THETA, which he believes in potential, the analyst said:
At this overall level, we have come down for retesting and this is the level that takes it higher in terms of where we can aim. If you want to target all-time highs that are technically a breakout of the scale, we can go from $2.96 to as high as $16. That’s a 434 percent gain, so this is probably the altcoin with the most upside potential.
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