Popular crypto strategist Paul Barron shares with his subscribers 3 altcoins with huge explosive potential to put on the radar in November.
Illuvium (ILV)
First on the list is Illuvium, an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.
“There is a deep progression and rarity tree to the collectible Illuvials, and a clear plan for a budding economy. The mix of 3D exploration and auto battler combat should shine in Unreal Engine 4, too.”
The trader also points out that Illuvium has gained significant momentum since 2020. In 6 short months, the game passed 100,000 Discord subscribers. And between July 2021 and October 2021, the ILV token went from USD$30 to USD$700 in value, helped by its appearance on leading exchanges like CoinSpot.
Perpetual Protocol (PERP)
Next on the list is Perpetual Protocol (PERP). Perpetual Protocol is a decentralized finance (DeFi) project that enables this service through written code, without the need for financial intermediaries.
Barron also highlights that Perpetual Protocol is simply a collection of programs running on the Ethereum blockchain that were composed to communicate and replicate services offered in derivatives markets.
“This means Perpetual Protocol users do not need to trust a particular institution or collection of people to execute trades, they need only to trust the code will execute as written.”
At the time of the video, PERP was trading at $16.29, which is 35% down from its ATH.
Proton (XPR)
Another crypto asset on Barron’s list is Proton (XPR), a new public blockchain and smart contract platform designed for both consumer applications and peer-peer payments. The crypto strategist highlights that Proton removes the concept of sharing private keys directly with merchants by creating a permission-less layer that exists on top of traditional card networks and banks.
“The user maintains the private key in confidence while permitting institutions who wish to authenticate the user to check with trusted institutions via public keys. The verification from the trusted institution will confirm the user’s identity without revealing the user’s associated private key.”
As Barron says, XPR has caught the attention of the mainstream crypto trader and has been on a skyrocketing ride in which it has rised almost 95% in the last 14 days and 470% during the last month.
At the time of the video, PERP was trading at $0.04.
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