Crypto Analyst: These 5 ‘Hidden Gem’ Altcoins Have ‘Massive Growth Potential’
In a recent video, one of the co-founders and hosts of the “Altcoin Daily” YouTube channel, named five cryptoassets that he feels have “sold growth potential” going into 2022.
The five crypto projects he talked about in this video were Injective Protocol ($INJ), Celo ($CELO), YIELD App ($YLD), Rally ($RLY), and Origin Protocol ($OGN).
Injective Protocol is “a fully decentralized Layer-2 DeFi protocol” that supports “a diverse array of derivatives including CFDs, perpetual swaps and more.”
Celo’s aim is “to empower anyone with a smartphone anywhere in the world to have access to financial services, send money to phone numbers, and pay merchants — on a decentralized platform that is operated by a community of users.”
YIELD App is “a licensed FinTech company that enables anyone to invest in decentralized finance at the touch of a button.” YIELD App was “born from a vision to provide our users with a high-return deposit account coupled with safe custody of their assets.”
Rally is “an open network that enables creators to launch vibrant and independent economies with their communities powered by the ethereum blockchain.” It “offers anyone with an online community the ability to launch their own coin without the complexity of coding on the ethereum blockchain.”
According to Binance Research, Origin Protocol “provides a platform for building peer-to-peer marketplaces and e-commerce applications.” Users can “buy or sell goods and services on these marketplaces, and developers can create their own applications powered by the Origin blockchain.” The Origin token (OGN) is “used as an incentive, payment, and governance asset in the Origin ecosystem.”
Here, we highlight the comments he made about three of these projects:
While Celo isn’t a small-cap project by any means, it’s definitely a coin to watch… Not only is this a first for [Deutsche Telekom] to invest and jump into the crypto infrastructure, but they also now HODL some of Celo’s tokens. Interesting.
YIELD App ($YLD)
A relatively newer/lower cap project to put on your radar, but two things right off the bat that stand out to me. Number one, Yield App is a fully licensed fintech company that enables anyone anywhere to invest in DeFi. And number two, as of a few weeks ago, Yield App launched their Ethereum fund giving users the opportunity to earn up to 20% APY (annual percentage yield)…
What I like is they are in a way, letting the sunshine into a space, DeFi, that has thus far lived in the shadows. The goal with DeFi is to bring it to everybody. Yield App is a licensed fintech company and thanks to their intuitive web platform users around the world can start earning their returns from DeFi products without having o go through a lengthy, complex and often costly earning process.”
Origin Protocol ($OGN)
The NFT space, in general, is only getting bigger and why OGN makes our list today is because Origin Protocol has recently partnered with Google Cloud for an NFT marketplace. So yes, we have places like OpenSea right now which are popular in the crypto community – that still exists. This is just opening up the potential audience to so many more people.
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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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