Bitcoin and the entire cryptocurrency market is starting to look strong with over $100 billion in trading volume within the last 24 hours.
In the latest video, Joe Parys, an expert in crypto, has shared the top 3 altcoins to 3 million, that could help you multiply your money with cryptocurrency.
VeChain (VET)
VeChain (VET) is the first one to mention on the list. Vechain is a versatile enterprise-grade L1 smart contract platform. VeChain began in 2015 as a private consoritium chain, working with a host of enterprises to explore applications of blockchain.
VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.
By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.
VeChain down more than 80% in the last 11 months. A lot of these altcoins have been hammered. But these altcoins will begin to recover and we may be seeing a little bit of that here with VeChain. VET is trading at $0.05 at press time, which is up 2.3% within 24 hours.
VET Chart | Source: Coinmarketcap
PancakeSwap (CAKE)
The second potential altcoin that can help you multiply your money is PancakeSwap (CAKE). PancakeSwap is an automated market maker (AMM) — a DeFi application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain.
PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
This altcoin has crashed all the way back down to five or six dollars, losing 84% since its all-time high. The PancakeSwap token could also be one of these cryptocurrencies where people could double or triple their money back to previous levels of approximately $19 to $25.
And if we ever did reach back to our all-time high of $42, this would be a nice clean 10x year money on a cryptocurrency coin. That still has billions in its market cap sitting at rank number 62 in the top 100. CAKE is changing hands at $6.77 for now.
CAKE Chart | Source: Coinmarketcap
Kadena (KDA)
The last altcoin to mention on the list is Kadena (KDA). Kadena has the only scalable layer 1 PoW blockchain along with Pact, the safest smart contract language. Kadena makes blockchain work for everyone. Our ecosystem provides the security of Bitcoin, virtually free gas, unparalleled throughput, and smarter contracts.
The market cap of one billion dollars for this cryptocurrency. It absolutely exploded all the way to $24 and this would be a nice clean 4x to 5x. If we were to go back to the all-time high, this could be a 10 billion dollar market cap crypto.
This one could certainly 10x in the future. We can see some support right around the $5 or $6 mark. KDA is trading at $6.11 for now.
KDA Chart | Source: Coinmarketcap
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