High-profile trader Joe Parys shares with his subscribers 3 altcoins with solid potential for long-term holder with 100x return.
PulseChain (PLS)
Pulse Chain, a blockchain-based cryptocurrency that is being used to donate to SENS Research Foundation, is a new Ethereum sister chain. PLS is the native token of Pulse Chain in which PLS has 0% inflation. As the trader explains, validators only earn fees and 25% of the fees are burnt to reduce the circulating supply.
Besides, the crypto KOL highlights that PLS can be staked and delegated to validators that reward the delegators with the largest percentage of fees.
According to the trader, the project is set to become Ethereum killer:
“PulseChain will be more energy-efficient, faster, and cheaper than Ethereum. It’s worth noting, however, that Ethereum is undergoing an upgrade that could resolve some of its current energy concerns. Ether token has no maximum supply cap, which creates the risk of inflation for holders. Meanwhile, PulseChain will eliminate PLS inflation risk with a token burn.”
HEX (HEX)
Next up on Parys’s list is HEX. HEX is an ERC20 token launched on the Ethereum network. The project is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets.
“Certificates of Deposit are common investment tools managed by banks. CDs are used by hundreds of millions of people worldwide, creating a market valued in the trillions of dollars. HEX has taken the concept of CDs, added significantly higher average interest rates, removed banking fees, and turned it into a decentralized cryptocurrency.”
The crypto KOL points out that by locking any amount of HEX for a period of time between 1 and 5555 days, traders “stake” their deposit and gain interest every single day. The average APY is over 40% while traditional bank CDs average less than 2%.
Pulsepad (PLSPAD)
PulsePad calls itself “the first deflationary launchpad for the PULSE ecosystem.” It is similar to ETHPad, BSCPAD, ADAPAD and TRONPAD since it was launched by the same company. At its core, PulsePad aims to be an incubator program for new projects on Pulse.
“All projects launching through PulsePad will also need to commit to this deflationary philosophy, by buying and burning PLSPAD to launch their IDOs.”
Parys suggests the outstanding feature of PulsePad, in comparison of others, is that trading on PulseChain is expected to be similar to BSC in terms of speed and fees, all while maintaining complete interoperability with Ethereum.
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