The bitcoin and altcoin market has seen a significant drop since the beginning of 2022. While many investors viewed the market with distrust, some preferred to invest in promising projects at low prices. One of them was the cryptocurrency expert MoneyZG. In his latest video on his Youtube channel, MoneyZG shared 3 altcoins that he plans to continue to buy despite the decline in the market. As Kriptokoin.com, we are giving the details…
MoneyZG takes these 3 altcoin projects in decline
MoneyZG stated that “nothing is guaranteed in the crypto money world, but it believes it has a lot of growth potential in the medium and long term. He stated that “projects” are in question. During the video, the expert mentioned the following 3 coins and shared his comments.
- Solana (SOL): Solana’s primary purpose is to solve common problems of crypto-asset systems such as speed, scalability and high cost. The expert points out that Solana is growing faster than its competitor, Ethereum, and is solving scalability problems much faster. Also speaking of Solana’s active ecosystem, the expert points to NFT collections on the network. Apart from that, Solana has more than 30 big investors. It raised $314 million at its last fundraising event led by Andreessen Horowitz. According to the expert, this indicates that Solana has a lot of funds for development.
- Phantom (FTM): Secondly, talking about Phantom investment, the expert states that FTM is “very cheap” unlike others. It is also noted that Fantom, which uses another technology called DAG instead of Blockchain, has a low market value of $ 5 billion compared to others. It is also stated that the total value currently locked in the network is almost double its market value ($9.35 billion). MoneyZG says this project has been in its portfolio for a long time.
- Secret (SCRT): Noting the goal of privacy-focused altcoin Secret to have an untraceable, fully private Blockchain, the expert thinks Secret is an excellent bet, apart from the problem of how to communicate with governments. Talking about the market value of 1 billion dollars, the expert states that he will continue to buy even if there is a decrease and says that the price is reasonable.
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