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4 Altcoins to 10X your crypto investment, according to crypto trader Jay Freed

Cryptocurrency trader Jay Freed is naming four altcoins that he believes can turn 1,000 crypto investments into 10,000 over the next 30 days.

First up on Freed’s list is Reef Finance.

Reef Finance is a liquidity aggregator and multi-chain smart yield engine that allows the integration of any Defi protocol. Freed mentions that the project has been powered by Polkadot, yet it will leverage the liquidity of different chains as well.

“This is a very interesting project. You’re seeing a lot of these projects that are building on Polkadot that are going to start to explode. So look at Reef here. This is kind of what I’m talking about with the liquidity able to access different exchanges whether it’s centralized or decentralized”.

The crypto trader analyses the 90-day price chart and says that the price is going to rise soon.

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Reel Finance 90-day price chart | Souce: Coingecko

“The price right now is trading just under four cents. If we look here though what’s kind of interesting. Look at the 90-day chart, it is so obvious you have a low of underpaid, so you could have got 5x a little more than 5x low to high. But then we saw this downward channel right here and that’s not good. But what we’ve seen now is it’s breaking this level of low lower highs all the way down and now we have an upward channel being built and I think that’s really positive news”.

Freed’s next pick is Cosmos. He points out that although this is an interesting project and it is staying at the same stage as Cardano, Polkadot, and Ethereum 2.0, it is not getting that much attention and respect that it should.

From analyzing the 90-day price chart, his opinion is that this is a great time to start investing in this one.

4-altcoins-to-10x-your-crypto-investment-says-crypto-trader-jay-freed

Cosmos 90-day price chart | Souce: Coingecko

“This is a big project but I just don’t think it’s getting the respect that it should. You can see here chart over the 90 days had run-up. There was a pretty big retracement from February 16th that pretty and is now starting to come out of that it looks like so I think this is a great time to invest.”

Next on Freed’s list is ADA of Cardano network, one of the most exciting cryptocurrencies in the world recently.

And the last one on the list is Pancake Swap, another decentralized exchange. According to the trader, the reason he chooses Pancake Swap is that it has cheaper gas fee compared to Ethereum and it is connected with Binance Smart Chain.

“The reason I’ve chosen this obviously decentralized exchanges are huge and they’re only going to get bigger. I’ve chosen Pancake Swap today is because you guys all saw me get robbed on that reef transaction using unit swap and Ethereum and had to pay a crazy amount on gas. I know there are others but Pancake Swap is an easy way to take advantage of the Binance Smart Chain”.

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