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Trader Jay Freed names 4 altcoins under $1 with 6X potential

Widely-followed trader Jay Freed from A Chain of Blocks shares with his subscribers 4 altcoins under his radar with solid potential to rise at least 6X.

Vechain (VET)

First on the list is Vechain (VET). According to the trader, VeChain is one of the uniquely positioned crypto projects. It was created to disrupt the traditional supply chain models, an industry that before blockchain had remained little changed over the decades.

Freed points out that the price of VeChain is at a dynamic position, steadily rising solidly above the 50-period simple moving average, which signals strong bullish momentum. The trader lists out 3 main reasons for Vechain upward momentum, including its Network upgrade, Increase in real-world usage, and Vechain NFTs.

In terms of the price movements, Freed points out that VET chart is moving upwards in a bullish pattern. He also highlights that $0.15 is a good buying zone for VET now.

Coti (COTI)

Next on the list is Coti (COTI), the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money.

“COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps, and stablecoin issuers. They have an extremely fast transaction per second of over a hundred thousand transactions per second. So that’s just astronomical,”

Recently, Coti previously partnered with Cardano’s stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay. It is highlighted that Cardano’s payment gateway provider, Coti, will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network.

Harmony (ONE)

The third coin under Freed’s radar is Harmony (ONE), a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps).

Recently, the project has announced the plan to boost consumer adoption by developing cross-chain NFT protocols, tools, and services with are $13M grants and bounties for building the platform, community, reputation, curation, financial, and markets of their NFT ecosystem.

TrueFi (TRU)

Last on the list is TrueFi (TRU), a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TRU and rewards participants for maintaining stable, high APRs.

“This one’s a little bit different from its competitors because you know with Aave, with Nexo, with Celsius, you can go there you can lend, you can borrow but when you borrow you have to put up collateral. With TrueFi, no collateral. So that’s kind of what sets them apart.”

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