Trader Jay Freed reveals 5 undervalued Altcoins that could be 10x in 2022, which can help traders exponentially increase money using crypto.
Tezos (XTZ)
The first candidate on Jay’s list is Tezos. Tezos is an open-source platform that addresses critical barriers facing blockchain adoption for assets and applications, backed by a global community of validators, researchers, and builders. Tezos embraces long-term upgradeability, open participation, collaboration, and innovative contract safety by design.
This is a very fast scalable proof of stake blockchain, and it consists of some unique features for users to launch an upgrade to their system. Tezos also has a self-amending blockchain, a unique, interesting concept. They have full on-chain governance by everybody that owns the token. This allows them to do things faster compared to off-chain governance. Their slogan is “designed to evolve.”
Video game giant Ubisoft launches NFT platform to run on Tezos. They are looking at the Tezos blockchain to get into NFT metaverse, and there are a lot of projects launching on Tezos.
XTZ chart | Source: CoinMarketCap
Tezos (XTZ) is trading at $4.5 at press time. Its market cap is 4.2 billion dollars. Their friendly interface is for the end-user and programmers on this blockchain. This can help Tezos’s cap bounce 6x or 12x in 2022. This is also why Jay mentioned Tezos as the first potential altcoin.
NEAR Protocol (NEAR)
The second altcoin that really has potential is NEAR Protocol. NEAR Protocol is a decentralized application (dApp) platform and Ethereum competitor that focuses on developer and user-friendliness. NEAR tokens are used to pay for transaction fees and storage on the NEAR crypto platform.
NEAR Protocol focuses on creating a developer and user-friendly protocol. NEAR has incorporated features like human-readable account names as opposed to only cryptographic.
NEAR chart | Source: CoinMarketCap
NEAR is changing hand at around $9.6 at the writing of the time, and its market cap is 5.5 billion dollars. It’s not a small project, and it’s grown in popularity over the next year. They release good news and better things to become fully sharded and secure.
Stacks (STX)
The third altcoin on Jay’s list is Stacks. Stacks is the native cryptocurrency of the Stacks network. It’s used to fuel smart contracts for Bitcoin, reward miners on the open Stacks network, and enable holders to earn bitcoin by Stacking. Stacks has built DeFi projects and a layer-two-solutions on Bitcoin, fast cheap scalable solutions on top of the Bitcoin blockchain.
The project had a lot of success over the past year. It’s new and they are doing some big things of getting the price at around $2 and the market cap is $2.2 billion.
STX chart | Source: CoinMarketCap
Bitcoin is going to continue to evolve we’re going to have a lot of layer twos a lot of applications that are able to run on Bitcoin, so Stacks is a very interesting place that Jay believes can boost its price 10x.
Centrifuge (CFG)
The next one is a really potential altcoin, Centrifuge (CFG). Centrifuge is a decentralized finance (DeFi) lending protocol that aims to make credit more accessible to small businesses while providing a stable yield for investors by opening pooled liquidity to the world of traditional finance. This coin’s price is around $1.1 for now, and its market cap is 154 million dollars.
STX chart | Source: CoinMarketCap
Centrifuge bridges assets like invoices, real estate royalties, and other traditional financial assets to DeFi, allowing borrowers to finance their real estate holdings without using banks. They offer something called a savings account, and this savings account pays you $0.001. Centrifuge has so much utility that people can’t turn this down with low transaction fees and taking out the middleman.
Revuto (REVU)
Revuto is the last altcoin on Jay’s list because REVU is a native token on the Cardano network. The main incentive for holding REVU tokens is to save money while paying for your subscription charges. Revuto’s crypto wallet is a simple and secure wallet supporting Cardano-based native tokens, including REVU tokens and EURR stablecoin.
Revuto uses this distributed ledger technology and the Cardano blockchain for your subscription services. Users can block these things and have the ability to get this on their own. They’re going to have a debit card the system will reward users for using it. They will have staking, but users can earn a yield or earn a reward for paying subscription services using Revuto.
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