A crypto trader, followed by Changpeng Zhao, the CEO of the Binance exchange, shared a tweet featuring his 5 favorite altcoins. Here are the details…
The account followed by the CEO of Binance shared his favorites
Changpeng Zhao, CEO of Binance, which is the largest cryptocurrency exchange by trading volume, is a very active person in the field. Also known as CZ, Zhao interacts with many influencers, analysts, media platforms and traders. In particular, he can follow those who interest him on Twitter. The latest tweets of CryptoGodJohn, one of the traders followed by the Binance CEO, attracted attention.
CryptoGodJohn is followed by almost 400,000 people on Twitter. He describes himself as a “crypto trader, investor, and NFT enthusiast.” In a tweet on the night of August 8, the analyst drew attention to 5 cryptocurrencies, saying “basically, some of my long-term favorite coins.”
CryptoGodJohn named 5 altcoins
Although the analyst includes known coins such as ETH and LINK in his tweet, some of them are projects that have not been heard before. Therefore, in the list below, you can see the cryptocurrencies and the characteristics of the coins.
- Chainlink (LINK): Founded in 2017, Chainlink is a Blockchain abstraction layer that enables universally connected smart contracts. It works through a decentralized oracle network. Chainlink allows Blockchains to securely interact with external data feeds, events, and payment methods. Thus, it provides the critical off-chain information complex smart contracts need to become the dominant form of digital contract.
- Ethereum (ETH): Ethereum is a decentralized open-source Blockchain system with its own cryptocurrency, ETH. ETH works as a platform for many other cryptocurrencies as well as for decentralized smart contract execution. This network, which operates with the PoW consensus algorithm, will switch to PoS in September. This event, called Merge, is the source behind the excitement for ETH lately.
- Quant (QNT): Quant was launched in June 2018 with the aim of interconnecting blockchains and networks on a global scale without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first Blockchain operating system.
- Aleph Zero (AZERO): Aleph Zero is a privacy-enhancing, PoS chain with instant certainty. Enterprise-ready, high-performance network peer reviewed. It is built on a new DAG-based consensus protocol. Aleph Zero uses DAG as its intermediary data structure, but can still be categorized as a Blockchain.
- Reserve Rights Token (RSR): Reserve Rights (RSR) is an ERC-20 token for the Reserve Protocol that serves two main purposes. It is used to insure Reserve stablecoins (RTokens) through staking. It also appears as a management token.
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