Bitcoin and the entire cryptocurrency market are back in the red, but there are still a lot of undervalued altcoins to be discovered.
In the latest video, Joe Parys, an expert in crypto, has shared the top list of these trending altcoins, and even if Bitcoin and some of the other cryptos are going down, some of these altcoins are looking to go back on the rise.
HEX
The first trending altcoin mentioned on the list is HEX. Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.
HEX is an ERC20 token launched on the Ethereum network. HEX is a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi ecosystem in cryptocurrencies within the Ethereum network.
Richard Hart said mid-May is still the target for the world’s largest free airdrop. The version 3 AMM bot is working, sacrifice balances are looking great, and most sacrifice complaints are actually user errors.
The price action of HEX at the time of this recording, we have just broken these highs of $0.13. We had some resistance here, and it looks like we’re coming all the way back up to $0.16. After this announcement, nice green candles and things are starting to move back towards the upside. HEX is changing hands at $0.15 at press time.
It will become increasingly harder to earn a lot of interest with HEX because of its design. This is truly a hidden fundamental, and if you time this coin correctly could make you some very nice profits. That’s why HEX takes first place on the list.
HEX Chart | Source: Coinmarketcap
ApeCoin (APE)
The second trending altcoin is ApeCoin (APE). ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO and vote on how the ApeCoin DAO Ecosystem Fund should be used.
Apecoin has got its new all-time highs, and the reason is that Board Ape Yacht Club is going to be launching their metaverse very soon. And you’re going to need to have this ApeCoin in order to buy the land sale. ApeCoin is the number one cryptocurrency, up 28%. This is absolutely going to explode, and that metaverse looks absolutely awesome. APE is trading at $22.53 for now and ranking number 23 by market cap.
APE Chart | Source: Coinmarketcap
STEPN (GMT)
The next trending altcoin that has been really hot these days is STEPN (GMT). STEPN is a self-styled “Web3 lifestyle app” with GameFi elements on the Solana blockchain. It combines aspects of a play-to-earn game with a fitness app to create a new category coined “move-to-earn.” Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging.
STEPN and their NFTs are set to absolutely go crazy because they’re actually integrating this, and you can earn real money just by doing your everyday exercises. This is super cool and something that will go mainstream. A lot of the masses will start to implement. The NFTs are starting to get more expensive, and so is the token, but the point is that this movement is just in its infancy stage. And you are still super early.
This is undervalued in general and could still provide some sweet profits for you as these are trending, but please note that the risk is certainly higher than ever because they are at all-time highs. GMT is changing hands at $3.63 at press time.
GMT Chart | Source: Coinmarketcap
Pancake Squad
The last altcoin NFT is the Pancake Squad. 10,000 unique, randomly-generated PancakeSwap NFTs from the mind of Chef Cecy Meade.
Pancake Squad has been going crazy. In fact, the volume now is up over 121,000 BNB, which is literally tens of millions of dollars, and the lowest price (the floor price) is 16.75 BNB, which is close to $7,000.
If you just would have held on to this thing, you’d be literally sitting in more than 20 times your profit. If you study these projects and get in early, this is where you can make some sweet gains with crypto.
You can also get even higher APYs by staking your CAKE and earning GMT, which is STEPN at 52 APR, which is actually pretty incredible just for buying and staking CAKE because this cryptocurrency has been doing really well. And within the last 24 hours, the Pancake Squad volume is in the top 20 of all NFT projects.
Read more:
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