A cryptocurrency analyst has discussed altcoin projects with a price below $1. He claims these will “bring millionaires” in his next bull run. However, before starting the article, it should be noted that these are only analyst views. Every investor should make his investment in line with his own research. Here are the 5 altcoins on the list of analyst Camille Lemmens…
The first altcoin on the analyst’s list: Immutable X (IMX)
The first project on the analyst’s list was the layer-2 solution, Immutable X. cryptocoin.com As we have reported, IMX is built on Ethereum. In general, it addresses Ethereum’s shortcomings and issues. Examples of these shortcomings are “scalability, high gas fees and fast transactions.” That’s why Immutable X specializes in games and NFTs. They have a strong team and great supporters, among others. For example, some games that run on Immutable X include:
- Gods Unchained
- Guild of Guardians
- illuvium
Second altcoin on the list: Oasis Network (ROSE)
The second project on the analyst’s list is Oasis Network. A pioneer among privacy-focused Blockchains. They focus on DeFi and the data economy. It offers unique privacy features. This project allows us to take control of your data by tokenizing your data. As a layer-1 chain it has impressive scalability. This ensures fast transactions and high throughput. High-value venture capitalists are among its supporters. They’ve also partnered with Meta. Apart from that, Oasis has a $350 million developer fund. On the other hand, it still has a small ecosystem. There are only 7 DeFi and 3 NFT projects.
Breaking: @Oasislabs Partners with @Meta to Assess Fairness for its AI Models, while Protecting People’s Privacy
A first-of-its kind initiative enabling inclusiveness and fairness in AI Models
Read more at the link below 👇
— Oasis Foundation (@OasisProtocol) July 28, 2022
Mina Protocol (MINA) is also on the list
The third project on the analyst’s list is Mina. According to the project, MINA is the world’s lightest Blockchain. It is only 22 kb, unlike Ethereum which has 500 GB. This makes it very easy for you to set up a node. Unlike many other chains, anyone can do this. Therefore, the focus of Mina Protocol is privacy and security for Web3. They do this with zk-SNARK technology. It has several strong supporters. They managed to raise $92 million in funding rounds. Also, according to the analyst, Oasis Network has a comprehensive roadmap.
Thank you to all of the backers helping Mina bring privacy & security to Web3 with its leading #ZK programming.@FTX_Official @KyleLDavies @zhusu @Accomplices @ambergroup_io @BixinVentures @blockchain @circlepay @DigiAssetFund @FinalityCap @IOSGVC @LD_Capital @PanteraCapital pic.twitter.com/uIoC4eCgdZ
— Mina Protocol 🪶 (@MinaProtocol) March 17, 2022
Efinity (EFI) draws attention
According to the project, Efinity is a cross-chain super “highway” that brings NFTs to Polkadot. Efinity was developed by Enjin. Enjin networks have 20 million players worldwide. They also developed the ERC-1155 token standard. Other than that, Efinity is a Polkadot coin-token and they want to make NFTs accessible to everyone. They offer low fees and cross-chain interoperability. Paratoken standards accept all tokens from other chains. They have prominent backers and raised $38.9 million last year.
Last coin on the list: Moonbeam (GLMR)
Finally, the analyst mentions Moonbeam as his “favorite”. Like Efinity, Moonbeam also builds on the Polkadot parachain. The project started in January 2020 and moved to Polkadot 2 years later. Moonbeam is all about multi-chain and is EVM compatible. They were one of the first projects to receive Parachain. As a result, they have a robust ecosystem.
