Widely-followed analyst Tyler Swope from Chico Crypto shares with their subscribers 2 undervalued altcoins with upcoming massive price catalysts that can set the price to the moon.
Loopring (LRC)
First on the list is Loopring (LRC), a zk-Rollups layer-two scaling solution for the Ethereum network that specializes in the creation of decentralized exchange (DEX) and payment protocols.
According to the trader, LRC has rocketed from a low of $0.37. And as of the time of the recording, the price was sitting at $2, equivalent to a 450% increase, pushing Loopring back into the top 100 coins.
Analyst Swope says that one of the main catalysts for this insane price movement is the “rumor” relationship between Loopring and GameStop. He also notes that at this rate thatthe market is moving, it is clear that Loopring is looking to reach $3. Whether that will happen depends on when Game Stop confirms a partnership with LRC.
Xi Token (XI)
Next up on the list is Xi Token (XI). While there is not much information about this crypto asset, the crypto KOL unveils that this altcoin has confirmed partnership with SpaceX and a rocket launch happening in Q1 2022.
“6 months ago, Elon Musk put out a Spotify playlist, where the first letter of each song spelled out LMRST. We figured out that LMRST is a type of CubeSat satellite, a Low Mass Radio Science Transponder satellite… Then in May 9th, it was announced in a PR Release, that SpaceX was going to launch Dogecoin to the moon! And the PR release showed that this was happening in collaboration with Geometric Energy Corporation and Geometric Space Corporation as well as their subsidiaries,”
The trader highlights that Xi is the corresponding token of Geometric Energy and Space Corporation and it is also the token that suit Elon Musk’s tweet of “Time is the ultimate currency.”
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