The market has been going sideways for almost a year, and people are very fearful. Therefore, crypto strategist, Randall Trzaska, revealed whether Bitcoin would pump or crash and compiled the list of 5 altcoins that bring you insane profit.
Bitcoin Pump Or Crash Coming?
Bitcoin has just been going sideways from October to February of last year. Its price goes up and down depending mostly on supply and demand. And one can estimate the demand of traders based on how many people are pumping it.
According to Willy Woo’s chart, we’re currently trading at a significant discount. When it’s underneath the supply shock line, Bitcoin price will go up afterward. If we continue to stay at this level, we’re not going to reach a peak. But if the level keeps increasing, the price will be much higher.
It’s a great time to buy when the blue line is underneath this red line. It’s underneath the supply shock line. Therefore, Bitcoin price goes up afterward.
This model does a look back on previous times that #bitcoin had similar on-chain demand.
We’re currently trading at a decent discount.
It’s a model for investors, not traders who can easily be liquidated well before the model plays out. pic.twitter.com/w9byxBiX6M
— Willy Woo (@woonomic) December 6, 2021
5 Altcoins For Insane Profit
There’s supposed to be a lot of money coming into crypto in Q1 of next year from hedge funds and here are 5 potential altcoins that can multiply its holder’s profit.
Gala Games (GALA)
Gala Games is an interesting project that Randall is investing in. Therefore, he puts it as his number one candidate on this list.
Gala is a blockchain gaming platform that uses the play-to-earn model popularized by Axie Infinity (AXS). It says its mission is to create blockchain games people want to play and currently has one playable game called Town Star on its platform.
This is a gaming platform created by the guy who created Farmville which is arguably probably one of the most pervasive games in history.
If metaverse is developing, if crypto gaming is going to be continuing Gala Games will perform pretty well.
Railgun (RAIL)
The second one in Randall’s list is pretty popular: Railgun. RAILGUN is a privacy system built directly on Ethereum, from which users can interact directly with DEXs and other DeFi applications. Individuals can engage in cryptocurrency and DeFi-based activities, ensuring financial freedom without the fear of being spied on by anyone.
The government and traders have fought back and forth about the privacy of a cryptocurrency. Railgun is not trading at a high price, but they have an interesting experience. This may lead to the pump of this altcoin in the future.
Circuits of Value (COVAL)
The next altcoin Randall wants to introduce is also a popular coin: Circuits of Value. Circuits of Value (COVAL) is an Ethereum token that powers Emblem, a platform where users can create custom combinations of ETH, ERC-20, and NFT tokens into a single, tradable token called a Vault. COVAL can be used to create Vaults and is issued as a reward to liquidity providers.
You can combine different blockchain tokens into a single token tradable DeFi pools, transform any token to a privacy token or make tradable portfolios.
Kirobo (KIRO)
Randall talked about the next altcoin excitingly due to its potentially revolutionizing crypto payments: Kirobo. Kirobo is building a consolidated, decentralized crypto management and trading platform.
It adds an undo and a PDP swap button for crypto transactions. Therefore, Kirobo removes the risk of losing crypto because they add an undo button to all transactions. The transaction isn’t complete until they enter the passcode. That’s why Kirobo could be revolutionary.
inSure DeFi
The last altcoin that, in Randall’s eyes, is inSure DeFi. InSure DeFi Network aims to provide stability to the crypto world, protecting investors from scams, stolen funds, and drastic devaluations of crypto portfolios.
User can ensure their crypto with basic packs in a specific length of time. It ensures coverage up to a certain amount from scammers’ devaluation of stolen funds. Users can earn up to 60 APY while staking. Another interesting thing this network provides is to keep people safe from the biggest risk: losing cryptocurrency.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
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