A popular crypto analyst is weighing in on three altcoins as markets struggle to come out of a tough trading month.
Analyst’s first altcoin choice: Star-shooting KAVA
Coin Bureau’s alias Guy analyst to 2.05 million YouTube subscribers in a new strategy session, you can get detailed information from this article of Kriptokoin.com, The cross-chain decentralized finance (DeFi) loan protocol says it expects Kava to grow.
KAVA’s recent price drop is most likely due to Terra’s collapse, according to the analyst.
KAVA is shooting stars at the upcoming launch of its own main-net upgrade, which will include support for the Ethereum Virtual Machine. Kava has seen very volatile price action, and it’s important to note that the recent drop was due to Terra’s boom. In context, all Cosmos-based cryptocurrencies seem to have taken a hit, but luckily for Kava, its price is still in a nice long-term uptrend.
“KCS’ long-term price action looks seriously impressive”
The next altcoin on Guy’s radar is KCS, the native token of the KuCoin crypto exchange. The analyst states that the new decentralized KuCoin Community Chain (KCC) adds more weight to an already popular market, adding:
We also have the KCS token and it is used as an exchange token. Combined with KuCoin’s actions. To be fair, this seems to be changing as KCS is adopted, the long-term price action of the KCS token also looks seriously impressive. This again has to do with the growing popularity of the KuCoin cryptocurrency exchange.
Guy believes there is more than a man at Fantom
Analyst also takes a look at smart contract platform Fantom (FTM) and developer Andre He says that Cronje is optimistic about his Ethereum (ETH) competitor despite his recent departure:
As for Fantom, FTM responds positively to the possibility of proposed changes to Fantom’s staked FTM and FUSD (Phantom USD) mechanics. Like other tier-1s, FTM saw the wind drop from its sails, especially after Andre Cronje announced he would be leaving the project. I still have FTM and that’s because I believe there is more to Phantom than a man.
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