The cryptocurrency market is slightly up, but one step closer to ATH levels where it is still more than 50% behind. In this article, let’s examine 2 altcoin projects with high potential for a comeback, with the expectations of analyst CryptoBusy.
2 altcoin projects that can be followed at the bottom price
Mirror Protocol (MIR)
The first altcoin mentioned in the list is Mirror Protocol (MIR). MIR is the management token of Mirror Protocol, a synthetic asset protocol created by Terraform Labs (TFL) on Terra Blockchain. Terra has emerged as one of the strongest altcoin projects in its declines in recent months. Terra Labs’ Bitcoin purchase was the impetus to reach above $40,000. As we have mentioned in the news of Kriptokoin.com, they bought billions of dollars of Bitcoin for their stablecoin reserves.
But there is a lot of downward pressure in the market, yet according to the analyst Several catalysts can be listed for the MIR price to reach highs again. A possible rally will depend on what happens in Bitcoin price. Once Bitcoin hits $50,000, whether it hits $100,000, this year is the time for investors to flock to Bitcoin for $100,000. If this scenario happens, the altcoin market may return to ATH levels. In particular, CryptoBusy thinks that the $1 zone would be a suitable entry level for MIR.
Zilliqa (ZIL)
The second altcoin Zilliqa (ZIL) is a public blockchain network designed to offer high throughput with the ability to complete thousands of transactions per second. It aims to solve the problem of scalability and speed of Blockchain by using sharding as the second layer scaling solution. The platform hosts many decentralized applications and also allows staking and green farming. Announcement of a recent play-to-win game:
As a result, Zilliqa It is also preparing to enter the metaverse market. Lots of great news about it. It’s a great idea to get into because of the development team behind the project and developments in the Zilliqa Blockchain network, and getting into the metaverse is a huge thing for this project. At the time of writing, ZIL is trading at $0.07802, up 10% over the past 24 hours.
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