Analyst Elliot Wainman reveals the top undervalued altcoins with huge potential
In a recent video, analyst Elliot Wainman shares with his 308K subscribers the top undervalued altcoins that are poised to explode with massive returns.
At the beginning of the video, the trader kicks off by talking about Polygon (MATIC)’s explosion as the coin has experienced a proportional and astronomical rise in value:
“Polygon is absolutely flying and its usage has exploded in what seems like an overnight event”.
In addition, the project has recently launched a $100 million fund aimed at making decentralized finance (DeFi) more accessible to end-users and announced that it has managed to attract Aave and one billion dollars in liquidity from Aave’s ecosystem.
“This is showing you that this is not just a short-term trend or a bunch of spam transactions here. This is a bunch of real liquidity, real growth of the Polygon ecosystem”.
Meanwhile, Wainman also notes that there is currently a similar appreciation, “a huge rocket rise” for Solana (SOL).
He explains this sudden rise in the value of this blockchain is because they are actually offering more functionality, more technology at a further stage than some of the most highly valued projects in the space like Polkadot and Cardano, who are not actually live yet.
According to the analyst, these price actions “feels very 2017 again with tons of these l1 competitors coming and gunning for Ethereum’s crown”:
“There’s a huge opportunity in projects like Solana, Polygon, Binance Smart Chain, and of course once they launched Polkadot and Cardano. I do believe that what’s happening right now in Solana and Polygon are finally getting noticed here for what they’re actually doing which is offering a ton of functionality”.
Next on the list is Raydium (RAY). Raydium has recently launched its mainnet on February 21st, 2021 with 555,000,000 tokens created at genesis.
“Next-level liquidity. Friction-less yield. Light-speed swaps. Raydium is everything that is Uniswap. It is also a yield generator. There is a lot going on here”.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
- Here Are The Top Altcoins To Buy For 2021 Bull Run, Says Analyst Randall Trzaska
- Analyst Lark Davis Reveals Next Big Crypto Trends For Huge Gains In 2021