A cryptocurrency analyst has discussed altcoin projects with a price below $1. He claims that these will “bring millionaires” in the next bull run. But before we start the article, it should be noted that these are only analyst views. Every investor should make his investment in line with his own research. Here are the 5 altcoins on the list of analyst Camille Lemmens…
The first altcoin on the analyst’s list: Immutable X (IMX)
The first project on the analyst’s list was the layer-2 assay, Immutable X. Koindeks.com As we have also reported, IMX is built on Ethereum. In general, it addresses the shortcomings and issues of Ethereum. Examples of these shortcomings are “scalability, high gas prices, and fast transactions.” That’s why Immutable X specializes in games and NFTs. They have a strong group and big supporters, among others. For example, some games running on Immutable X include:
- Gods Unchained
- Guild of Guardians
Second altcoin on the list: Oasis Network (ROSE)
The second project on the analyst’s list is Oasis Network. A pioneer in the midst of closure-focused blockchains. They focus on DeFi and data economics. It offers unique implicit properties. This project allows us to take control of your information by tokenizing your information. As a layer-1 chain it has impressive scalability. This ensures fast processes and high efficiency. High-paying venture capitalists are in the midst of their supporters. They also partnered with Meta. Apart from that, Oasis has a $350 million developer fund. On the other hand, it still has a small ecosystem. There are only 7 DeFi and 3 NFT projects.
Mina Protocol (MINA) is also on the list
The third project on the analyst’s list is Mina. According to the project, MINA is the world’s lightest Blockchain. In contrast to 500 GB Ethereum is only 22 kb. This makes it very easy for you to set up a node. Unlike many other chains, anyone can do it. Therefore, Mina Protocol’s focus is privacy and security for Web3. They do this with zk-SNARK technology. It has several strong supporters. They managed to raise $92 million in funding types. In addition, according to the analyst, Oasis Network has a comprehensive roadmap.
Efinity (EFI) draws attention
According to the project, Efinity is a mid-chain superhighway that brings NFTs to Polkadot. Efinity was developed by Enjin. Enjin networks have 20 million players worldwide. They also developed the ERC-1155 token standard. Other than that, Efinity is a Polkadot coin-token and they want to make NFTs accessible to everyone. They offer low prices and mid-chain interoperability. Paratoken standards accept all tokens from other chains. They have prominent backers and raised $38.9 million last year.
Last coin on the list: Moonbeam (GLMR)
Finally, the analyst mentions Moonbeam as his “favorite”. Like Efinity, Moonbeam is also building on the Polkadot parachain. The project started in January 2020 and moved to Polkadot 2 years later. Moonbeam is all about multi-chain and EVM compatible. They were one of the first projects to receive Parachain. As a result, they have a robust ecosystem.