Top 3 DeFi Altcoins to 10-100x This Year, According to Craig Percoco

There are crazy opportunities to make 10 to 100x gains on DeFi projects with tokenomics designed to create buy-side pressure. DeFi is becoming way more widely adopted. These opportunities are especially unique for traders who know how to time these markets based on fundamentals and take advantage of technical entries.

In the latest video, Craig Percoco, a crypto trader and investor, has used his seven years of experience to cover some DeFi altcoins that have exponential potential in DeFi in the short term future.

Statera (STA)

The first altcoin Preig mentioned on the list is Statera (STA). Statera (STA) is a smart contract-powered Indexed Deflationary Token (IDT), synergizing with a trustless and community-driven portfolio of class-leading cryptocurrencies.

Statera is definitely one of those more speculative DeFi plays with the most parabolic upside potential. The big reason why this project is bullish is that it found a way to monetize crypto volatility by using deflationary token mechanisms, which automatically result in internal arbitrage opportunities to create volume incentives for weighted liquidity pools opportunity for arbitragers and create buy-side volume for the STA token holders themselves.

So the Statera ecosystem comprises two main tokens STA, which is 1% of the supply is burned each time. There’s an on-chain transaction. The WSTA is the sister token that can only be minted and unminted through wrapping STA. WSTA allows us to take the deflated token and safely introduce it into market maker protocols like weighted pools on Balancer or Beethoven X.

These are two main pools that allow this entire ecosystem to function. One is a weighted pool, and the other is an arbitrage liquidity pool. These two pools work together to create this awesome environment for deflation arbitrage, potentially leading to massive price increases.

Loopring (LRC)

The second altcoin to mention is Loopring (LRC). LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed to build decentralized crypto exchanges.

Loopring started off as technology that would allow anyone to have their own decks with actual order books and a lot higher level of security giving more controls than the current automated market makers. 

This project was created by daniel wang, a former Google software engineer. Loopring uses Zk Rollup to bundle up transactions off-chain, which significantly improves the speed of the transactions.

The tech behind Zk Rollup is basically considered to be one of eth2’s potential scaling solutions. This tech appeal to GameStop, which is actively moving towards building their NFT marketplace using Loopring as the tech foundation to ensure that users receive strong digital property rights anchored by a secure decentralized, scalable neutral environment like Ethereum.

A lot of hype around Loopring was generated when GameStop announced that they would potentially build their NFT marketplace on Loopring.

Frax Share (FXS)

The last one on the list is Frax Share (FXS). The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross-chain implementations in the future). The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

The price of Frax is up into the $40 to $50 range, which currently we’re sitting at about $35.93. This project is slightly bigger, sitting at about a 360 million dollar market cap. There’s a little bit more stability in it because it is a slightly larger project.

FXS Chart | Source: Coinmarketcap

FXS Chart | Source: Coinmarketcap

To sum up, there are a lot of defy opportunities right now, and there are a lot of coins that we can be getting into rather than just following all of the major pairs, especially if you’re working with a little bit less money that based on where we see the direction of the market, we can anticipate that these will grow a lot more.

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