Saying ‘Great Opportunity’, Analyst Named 4 Altcoins!

The closely rivaled cryptocurrency analyst made a new post. The analyst comments on “great opportunity” for these 4 altcoin projects. First of all, the cryptocurrency analyst recalls that some of the top projects are down 90 percent. The analyst also said that a bear market is really bad. However, he explained that this is where great opportunities are seen. As Kriptokoin.com, we convey to you the altcoins that the analyst follows closely.

MATIC, the first altcoin on the analyst’s list

MATIC, the altcoin of the Polygon ecosystem, is making a name for itself with its recent agreements. In the sequel, however, it lost 90 percent of the highs of the bull market. In particular, the analyst examines the charts related to MATIC.

• All-time high: $2.92 in December 2021
• Bear market low: $0.34 in June 2022
• Current price level: Located at $0.89
• It’s up 88 percent from its low, now 60 percent below its all-time high.

The developments in the Polygon ecosystem in the last week or two are as follows:

• The global bank completed its first DeFi transaction with JPMorgan.
• It has partnered with Instagram to integrate NFTs to its 1.5 billion users.
• Joins Franklin, the first US-compliant fiat and crypto-based payroll platform.
• It is fast becoming one of the go-to blockchains for Web2 and legacy companies to acquire their first partners in crypto.

Altcoinbuzz states that almost everyone is overly optimistic about MATIC, including himself.

Solana, the altcoin hit hard by the FTX crisis

The second project following the analyst is SOL, the native altcoin of the Solana ecosystem. The liquidity crisis in FTX caused the most problems in SOL. Solana experienced rapid depreciation. The analyst also says that there is a possibility that Solana could fall further from here. In addition, the analyst discussed the experiences.

Accordingly, he drew attention to the experiences between FTX and Binance. According to Altcoinbuzz, if Alameda Research is forced to help rescue FTX, then a massive SOL sale is likely to happen. Alameda was an early investment project and is known as one of SBF’s favorite projects.

However, the analyst first draws attention to the opening of a large staking lock. 18.2 million SOL will become available for repurchase and sale during this period. The details of SOL are as follows:

• All-time high: November 2021 $259.96.
• Lowest and current price in bear market: $13.56
• It fell 95 percent from its all-time high.

3rd place is KAVA

According to the crypto analyst, Kava has serious potential. Help bring together EVM and Cosmos interoperability. Also, Kava’s 3 pools in DAI/USDC/USDT pairs are now paying an impressive 14.2 percent APY to hold 3 stablecoins.

Kava Rise is in a great developer position to get more apps in the ecosystem. The details for KAVA are as follows:

All-time high: $9.12 in August 2021.

Bear market and current price: $0.95.

It fell around 90 percent from its all-time high.

Cryptocurrency analyst says the altcoin Kava is loved for many reasons. He also states that he sees it as a great long-term buying opportunity as a result. He explains that like other altcoins that have dropped 90 percent, it has the potential to rally. According to Altcoinbuzz, it can definitely be done.

Latest project Arweave

Arweave, like Polygon, also has great news with Meta, according to the analyst. NFTs from Polygon, part of the new Instagram partnership, will use Arweave for storage. So, Instagram’s integrations will include both Polygon and Arweave. Both altcoin projects will see an increase in adoption as a result of this partnership.

Finally, the analyst shares details about AR:

All-time high: $89.24 in November 2021.

Bear market low: $7.98.

Current price: $9.91.

It fell 94 percent.

According to the crypto analyst, an 8x for Arweave, if it happens, the price will return to last year.