Trader Jay Freed shares with his subscribers 3 undervalued crypto assets with strong potential to make a 100x jump in 2022.
SpookySwap (BOO)
The first altcoin on the trader’s radar is SpookySwap (BOO), an automated market-making decentralized exchange for the Fantom Opera network.
“It is an all in one decentralized exchange for leveraging diversified funds across ecosystems, with the speed of Fantom Opera.”
According to the trader, while being a newly-launched project, SpookySwap already has $673 million dollar in TVL. Its current market cap sits at $82 million dollar and BOO is trading at $12.62. Not to mention, SpookySwap is the number 1 DEX on Fantom and number 6 DEX on overall, just behind Uniswap.
Metis (METIS)
Metis (METIS) is the second pick of the analyst. Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional layer 2 framework to fully support the application and business migration from Web 2.0 to Web 3.0.
“Its scalable protocol supports a wide range of use cases, including NFT platforms, decentralized Reddit-like social platforms, open-source developer communities, influencer communities, gaming communities, freelancer communities, crowdfunding, yield farming, DEX trading, and much more.”
Notably, Freed highlights the fact that Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure.
“It is a differentiating factor that makes it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use pre-set tools to facilitate their development, manage collaboration, and enjoy the network effects of the world’s largest decentralized finance ecosystem, without the costs and bottlenecks normally associated with Ethereum.”
DogemonGo (DOGO)
Last up is DogemonGo (DOGO), another addition to meme-based cryptocurrency projects and a spinoff of the famous Pokemon Go game.
“It is based on the same principle, only it contains a lot of Dogemons instead of Pokemons. Dogecoins are rewarded to players whenever they hunt a dogemon, which users can trade in the crypto markets.”
Freed points out 2 unique selling points of this project. The first one is that DogemonGo players get to experience a completely immersive experience via the concept of VR in which they actually feel inside the game trying to catch Dogemons.
Secondly, DogemonGo offers is an advertising platform where players can market their personal investments on projects and coins or tokens. All players of the game will be able to see these projects, coins, or tokens, which can result in increasing the popularity of the coins or tokens.
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