Crypto analyst and trading guru Mac (MacnBTC) shares his top picks among cryptocurrencies with short-term monetization potential. Here are the altcoin projects that the analyst thinks will explode…
The analyst shared the altcoin projects he considered
First, the crypto trader classified altcoins by infrastructure, on-chain total locked value (TVL), and community sentiment. On the infrastructure side, Mac argues there is virtually no competition in the market after Solana (SOL) and its misfortune with FTX’s former CEO Sam Bankman-Fried. Given the rising TVL, he claims his eyes are on the Binance Chain ecosystem. He states that more teams and projects will be launched soon. The analyst’s tweet also includes the following statements:
After the SBF and SOL decline, there is almost no competition in the market. Avalanche (AVAX) is dead, Aptos (APT) has a failed launch. NEAR still has locked tokens waiting to be unlocked.
Infrastructure projects that expect momentum
Mac points to the following by calling projects “I’ve been eyeing”:
- BNB Chain (BSC): TVL (locked total value) is increasing. Analyst expects more teams and projects to migrate here.
- Phantom (FTM): Phantom founder Andre Cronje claimed that FTM is backed by up to twice its market value. Also, the analyst pointed out the possibility of token buyback in Phantom.
- Arbitrum:The analyst pointed to the upcoming token launch on Arbitrum.
2) $DOGE
Not much to say here, aim to buy dips on big market nukes. Elon narrative is powerful and still out there. I expect it to be teased for a while longer
— Mac 🐺 (@MacnBTC) November 29, 2022
Also, Mac believes it will be fruitful to invest in the meme token Dogecoin (DOGE), given that Twitter Billionaire owner Elon Musk still has a strong influence on the coin. Trader uses the following expressions:
Binance has restarted on launchpad after months of hiatus. It’s a good idea to keep an eye on old launchpad assets and new ones.
He announced the coins that will make 100x
Previously, Mac had sworn to unleash what it believed to be the “altcoin jewels of 2023,” with the potential to increase by a factor of ten to a hundred. Ahead of the 2020 bull market, the crypto trader claimed that Polygon (MATIC), Elrond (EGLD) and SOL, which reached more than 90x their valuation, signaled bullish.
Interestingly, data from market-monitoring website CoinMarketCap shows that MATIC token investors are seeing an ROI of 27,497.33% from an all-time low of $0.003012 four years ago. The coin is currently trading at $0.8092. The analyst also conveyed the rise targets he set in 2020. It is worth noting that although STEPN is on its list, the launch of this project took place in August 2021.
- MATIC: 164x
- EGLD: 90x
- LEFT: 110x
- STEPN: 13x
