The cryptocurrency market is pretty bleak. In the ongoing bear market, the Bitcoin price trend is unstable. Therefore, analysts have identified important trends in altcoin projects with bullish potential. While traders and investors are waiting for the end of the bear market, they are not sitting idle. He is researching altcoins that will offer them opportunities in winter conditions. Amid this quest, analysts shared altcoins with the next 1,000x potential.
Top three altcoins with maximum potential: QNT, MKR and ENS
The leading crypto Bitcoin continues its struggle above the $ 19,000 level. However, analysts say that Bitcoin’s price trend is unstable. Analysts on crypto Twitter, on the other hand, are looking for altcoin projects that will make the next 1,000x. Accordingly, DeFi is evaluating token and altcoin projects.
Analysts have identified 3 altcoins based on their bullish potential. These are: Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR). Analysts took into account the weekly returns of the projects and their future bullish potential. As a result, QNT, ENS and MKR emerged as the top three altcoins.
How are the bear market performances of altcoins?
Quant (QNT) is an Ethereum token used to power Quant Network’s Overledger brand enterprise software solutions. This firm aims to connect public blockchain and private networks. Overledger gives any Blockchain based project access to other Blockchains. The developers designed the project to act as a gateway for them to connect with. The altcoin has delivered 77.5% returns to its holders over the past thirty days. It also recorded an increase of about 6% overnight.
Analysts also see potential in Maker (MKR). Maker is a smart contract platform built on the Ethereum Blockchain. It aims to solve volatility issues for cryptocurrencies. In fact, MKR is a new generation Blockchain banking system. The project enables fast international payments and peer-to-peer transactions. MKR holders are also among those who have succeeded in making profits in the bear market. The altcoin has gained 47.5% in the last thirty days. Considering that most altcoin traders are losing, this is a very satisfying win for the time being.
The last potential altcoin chosen by analysts is Ethereum Name Service (ENS). The project is a distributed, open and extensible naming system based on the Ethereum Blockchain. ENS maps human-readable names such as abc.eth to machine-readable identifiers. In the ongoing harsh crypto winter, ENS has delivered 36.5% gains for its holders over the past thirty days. It is a very satisfying profit when compared to the leading crypto Bitcoin and the leading altcoin Ethereum.
This article, which we prepared as Kriptokoin.com, is definitely not trade or investment advice. The cryptocurrency market is highly volatile and uncertain. Therefore, be sure to do your own research for cryptocurrency trading and investment.
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