Top 4 Altcoins Primed To Pump (BIG Price Action Long Overdue)

Posted 44 seconds ago | by Catoshi Nakamoto

Alt season is back and many crypto projects are starting their climb back up to new all time highs, but it’s not always the best idea to chase green candles after something has already gone parabolic. There are plenty of opportunities in these markets, and getting a good entry point can make a huge difference for your bottom line, so sometimes it can be a great strategy to look for coins with decent fundamentals that have been silent while everything else is popping off.

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Let’s get it.

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In this video we’re going to be identifying a few projects that HAVEN’T pumped with the rest of the alt coins and could be due for a pump in the very near future.

Before we get into it make sure to enter the 5ETH to 5 Million giveaway. We are growing the Bitsquad to 5 million across the interwebs and you can get in on the action. We are giving away 5 Ethereum, and thousands in other cryptos. Click the gleam.io link in the description to enter for your chance to win.

Number four on this list is Digibyte, one of the longest-running blockchains in the industry and one of the most popular coins for independent miners. DigiByte uses 5 cryptographic algorithms and real time difficulty adjustment to keep mining hash power as decentralized as possible. One of these mining algorithms is called Odocrypt, and it changes every 10 days. These efforts make Digibyte one of the most ASIC-resistant blockchains out there.

If you don’t have a background in mining, you may be wondering what it means to be ASIC-resistant. ASIC machines are industrial scale mining rigs that currently dominate the market, especially for Bitcoin. When you have a network that is powered by expensive ASIC machines, it can be impossible for smaller miners and hobbyists to participate, and centralizes control in the hands of large mining corporations. Preventing this type of centralization in mining has been a top priority for the Digibyte community, which has made this coin a favorite choice of many independent miners.

This project may not get as much attention as it did in 2017, but developers continue to build and innovate in key areas that solve crucial problems for crypto. In addition to having extremely fast and cheap transactions, Digibyte has also been the first to execute on important breakthroughs that have been adopted by other developers across in the industry, such as mining with multiple algorithms, scaling solutions like SegWit and many others.

One of the most interesting new features that DigiByte developers are working on is something called DigiSweep, which will allow users to get their assets back if they send a transaction to an incompatible address on a different blockchain, which is a common mistake that results in people losing a lot of money. Now if you accidentally send your Digibyte to a Bitcoin address or another blockchain, you will be able to retrieve those funds.

There have also been rumors that Microsoft could be using Digibyte’s technology, and it looks like there could be some truth to this. Earlier this year, Daniel Villamizar, a Senior Cloud Solution Architect for Microsoft Azure in Columbia, Tweeted that Microsoft was using DigiByte’s technology with a payment service called Humbl Pay. Few other details about this deal have been released, but Daniel is a top engineer at Microsoft so he probably knows something that the rest of us don’t.

Earlier this year, DigiByte broke through its previous all-time high to reach 15 cents, and is now sitting back at around 6 cents after getting knocked down during the fake bear market, so now that things are looking bullish it could be set for a pump. You’ll notice on it’s daily chart it HASN’T had a big price movement like other coins in the market, that’s the case with all of the coins in this video, but with the price of DGB hovering around 6 cents, it’s not hard to grab a big bag.

Number three is NEO, a smart contract platform based in China. During the 2017 bull run, NEO was branded as the Ethereum of China and it was one of the top coins in the market, but that narrative became less appealing as the Chinese government started to put more regulatory pressure on the crypto markets. The regulatory environment in China might not be good for new blockchain startups, but it will probably be good for NEO. In fact, NEO founder Da Hongfei actually encouraged the Chinese government to heavily regulate the crypto industry back in 2017, and many industry insiders are expecting NEO to benefit greatly from this early cooperation.

It might sound odd that NEO would actually benefit from being regulated, but this is one major force in markets that many people don’;t understand: “regulatory capture.”

“Regulatory capture” is a term that economists use to describe situations where regulatory agencies actually end up creating and protecting monopolies by making it too difficult for businesses to comply with their rules. Sometimes this can be intentional like if regulators are bribed or have the same financial interests as the organizations they are supposed to be regulating, but sometimes this can also just be a natural byproduct of having more legal barriers to entry in heavily regulated sectors. More established businesses have no problems paying the fines and lawyers as a cost of doing business, but this acts as a barrier to entry for new upstarts that want to compete with these entrenched players. This is the hallmark of what some call “Crony Capitalism”

After playing nice with the government during the ICO digital gold rush of 2017, there are a few blockchains that are positioned to navigate the complicated regulatory landscape for crypto projects in China, and NEO is definitely at the top of that list.

Plenty of development has been happening on NEO over the past few years as well. NEO’s V3 mainnet just launched this month, and promises to deliver important new features to the platform, including decentralized storage and oracles, along with multiple scaling upgrades.

Neo has still not yet reached its all time high price of 200 dollars during this year’s bull run, The price of NEO is still way off of it’s all-time high and it’s market cap is just under 4 billion. It’s not hard to see NEO breaking $200 this cycle and climbing into the top 20.

Number two is the CRO token. CRO is the token that powers Crypto.com, one of the fastest growing exchanges that offers a wide variety of different services, including the Crypto.com Visa card. Their relationship with Visa goes much deeper than just the payment card though, earlier this year a partnership was announced between the two companies which will allow Visa to accept crypto payments in the form of USDC stablecoins from crypto.com. They also sealed another mainstream deal earlier this year with Time Magazine, which will now allow it’s readers to pay for subscriptions with crypto through crypto.com

One of this project’s primary goals is to mainstream blockchain payment infrastructure, but as we know, one major limitation in this space is that people are hesitant to pay for things with crypto assets that appreciate in value. Crypto.com is hoping to solve this problem with its new “Spending Power” program, a feature in its Visa cards that allows customers to use their exchange wallet as collateral to take out small loans to pay for their purchases. This allows them to use their crypto to pay for things without losing exposure to that asset during a bull run. Back in 2019 and 2020 it wasn’t uncommon to see the CRO token in the top 30 and pushing into the top 20 on coinmarketcap. But these days it’s stumbled back down into the 40’s and 50’s. That’s going to change.

CRO had reached a new all time high and was climbing higher when we had the crash back in May, and is now finally starting to recover. It may not be moving as fast as some other assets on the market right now because hype and speculation is focused on other sectors, but the fundamentals and partnerships are extremely strong here, and it’s only a matter of time before the price catches up. 1 CRO will set you back a measly fifteen cents. That’s still over 40% off of it’s all time high. And with a marketcap under 4 billion, it’s got a lot of room left to move up. I can see CRO going 3x this cycle to hit forty five cents or more.

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Last on our list is Litecoin, one of the longest-lasting crypto assets in the industry. For a long time Litecoin was one of the most popular crypto assets to use for transactions because it was much faster and cheaper than Bitcoin or Ethereum. Some major exchanges even had Litecoin trading pairs listed, but it was eventually crowded out by the many competitors that have flooded the market in the crypto payment space. For a lot of it’s life Litecoin was a mainstay in the top ten on Coinmarketcap. It felt like it would never move…but sadly it has. It’s not fashionable anymore. Maybe it just needs to wear better shirts…like me. I mean at LTC now. Out of the top 20 and behind Bitcoin Crap? That’s offensive! Litecoin you CANNOT let ICP catch you. That would be the end of days…

However, even though the degens may have forgotten about Litecoin, the institutions haven’t. Litecoin is always one of the first assets listed through institutional firms like Grayscale, and merchant-based services like PayPal. This visibility is huge, and helps Litecoin maintain a firm spot in the top 20. For most people making their first crypto purchases, Litecoin is still one of the first options that they consider because of how it is featured at the top of so many applications.

When the whales temporarily put the brakes on the bull market a few months back, Litecoin was just reaching its previous all time high and ready to fly into price discovery, but lost over half its value after that rally was cut short. Litecoin has been slow to recover as things have picked back up across the markets, but historically this has always been one of the strongest performers during alt season, so this coin still has plenty of potential for a breakout. Keep in mind that all these countries that are picking up Bitcoin as their currency are going to run into trouble when people figure out that Bitcoin…isn’t really a currency…it’s a store of value. There are other cryptos that are set up as actual currencies that will work much better. Litecoin has over 8 times the transaction speed of Bitcoin and could be a good solution for countries as a faster crypto for less time sensitive transactions like rent payments, car payments or remittances. Litecoins marketcap of 12 billion makes it a prime candidate to make a move for the top ten. If it were to break into the top ten and push out sputtering projects like Polkadot it would see a price increase to $450 or more before the bull market is over.

But that’s all I got. Be Blessed. Bitboy Out.

Source: https://thebittimes.com/top-4-altcoins-primed-to-pump-big-price-action-long-overdue-tbt1717.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

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