Top 2 Undervalued Altcoins With 10x Potential, According To Crypto Strategist Tyler Swope
Top trader Tyler Swope from the popular crypto channel Chico Crypto shares with his subscribers the top 2 seriously undervalued altcoins with 10x explosive potential that have connections with Goldman Sachs.
According to the trader, Goldman Sachs has been massively involving in the crypto market:
“They have been putting out research reports on crypto. In May of this year, they were saying that crypto is a new asset class? Then the next month in June, they started ramping up their Bitcoin trading, specifically with futures in partnership with Galaxy Digital and Mike Novogratz,”
More interestingly, the trader highlights that last Friday, it was announced that Goldman was helping settle Crypto ETPs in Europe. “Goldman Sachs’ prime brokerage unit is clearing and settling cryptocurrency exchange-traded products (ETPs) for some hedge fund clients in Europe. The services are currently being offered to a limited number of clients, and the bank has been reviewing the matter internally as it eyes rolling out these services to a wider number of customers.
In the next part of the video, Tyler Swope unveils 2 projects that are currently under the Goldman Sachs partnership.
iExec RLC (RLC)
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering, and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-application, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security, and much more.
“IExec has been in collaboration with one of the members of Intel to write the EEA (Enterprise Ethereum Alliance) trusted compute specification.”
According to the trader, for investors, this means an iExec RLC investment increases when more people want to use the platform. The token itself benefits from having a relatively low supply which is good for investors but may prove to soon be very expensive for those looking to use the platform to run their applications.
Oasis Network (ROSE)
Oasis Network (ROSE) is the next. Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy.
Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market.
“Its unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy.”
According to the trader, ROSE token will be used for transaction fees, staking, and delegation at the Consensus Layer. In terms of staking rewards around 2.3 billion tokens will be automatically paid out as staking rewards to stakers and delegators for securing the network over time.