Here 5 altcoins that are preparing for extremely bullish year end parties, says analyst Tyler Swope

Popular crypto KOL Tyler Swope unveils with his subscribers 5 altcoins under his pick with strong fundamentals that are deemed to have a bullish end of this year.

Olympus DAO (OHM)

First on the trader’s list is Olympus DAO (OHM). The trader begins by explaining his bullish optimism on OHM which is mostly due to its very own technical fundamental.

As he says, Olympus DAO is a decentralized reserve currency protocol. Each OHM token is backed by a basket of assets in the Olympus treasury. While it started with only holding DAI in its treasury, this quickly evolved, to include more coins such as FRAX, LUSD, SUSHI, ETH, as well as LP tokens.

“In a short amount of time, it’s become one of the most diversified non-protocol token treasuries in crypto. Its treasury isn’t just made up of OHM, it’s made up of other very valuable crypto assets and that value is on its way to 1 billion, crossing 900 million as of November 22nd.”

He adds:

Olympus started a DeFi revolution, which is apparent from the number of forks created based on the protocol. OHM is the most forked protocol of the year, and the amount of forks based on its code is reaching levels only seen by 3 projects. Bitcoin, Ethereum, and Uniswap. This is validation that OHM has created something special.”

KlimaDAO (KLIMA)

KilmaDAO is a project that aims to create the world’s most liquid market for carbon credits, while accelerating the price appreciation of these carbon assets. In KlimaDAO, every KLIMA token is backed by BCT tokens, base carbon tonnes which basically are onchain carbon credits from the Toucan protocol.

Klima DAO aims to drive price appreciation of carbon credits in the carbon markets by buying and hoarding as many BCTs as possible from the market and locking them away in its treasury. The project anticipates that this could lead to a supply squeeze for carbon credits, driving prices up.”

Interestingly, the trader highlights that the current APYs for staking KLIMA is over 38,000%!

Ren (REN)

Next up is Rent (REN), an open protocol built to provide interoperability and liquidity between different blockchain platforms. One of the reasons for Swope’s bullish optimism on Ren is because of a recent announcement regarding host to host.

H2H means RenVM will be able to bridge native coins and tokens between the chains it supports, becoming a full-scale bridge. Bridge MIM to Solana, USDC between Polygon and Avalanche, SOL to Arbitrum, BNB to Fantom, Curve LP tokens to a future chain. RenVM will go from supporting 7 assets, mostly legacy coins such as BTC and DOGE, to being also able to support most of the tokens in the crypto space, which is in the thousands. And you can do this cheaply.”

Kilt Protocol (KILT)

The fourth altcoin under Swope’s radar is Kilt Protocol, his top pick for being an Ethereum competitor.

KILT is a blockchain protocol for issuing self-sovereign verifiable, revocable, anonymous credentials and enabling trust market business models in the Web 3.0. The trader highlights that KILT token is going to work across both chains Kusama and Polkadot.

Besides, the analyst points out the current hype and attention on the crypto market for this altcoin. He cites a tweet by Donnie, saying that “KILT is the reason I got into GLMR/MOVR. They’ve been working on a liquidity mechanism for Polkadot – Polimec. Regulators will crackdown on DEX’s and KILT will create fully regulatory compliant DeFi infrastructure. DeFi needs verified on-chain digital credentials.”

Energy Web (EWT)

Last up is Energy Web (EWT), a blockchain-based virtual machine designed to support and further application development for the energy sector.

Swope suggests that its downward pressure is about to end as Energy web recently updated their validator code of conduct, and in it, they have a section on rent-seeking.

“With this rent-seeking, validators who have been rent-seeking, are no more those who have been dumping a lot when the price goes up!”

Moreover, last week Energy Web announced a booster period for early stakers, over 21 percent APY, and they re-iterate, it should come before end of the year.

Staking will soon enable individuals and companies to invest in certified renewable energy projects and bring enterprise-grade solutions to market.”

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