Crypto trader and influencer Elliot Wainman names a group of altcoins that he believes has the potential to generate 1,000x earnings.
DeFi is expected to rise
Wainman believes there will be more surges in DeFi as he believes his 218,000 YouTube subscribers will increase the total locked-in value (TVL) in the emerging industry from $ 28.6 billion to $ 100 billion.
The analyst believes these altcoins, including the decentralized stablecoin exchange Snowswap (SNOW), the liquidity broker Unistake, the decentralized exchange PancakeSwap (SWAP), and the yield farming protocol Bao Finance (BAO), will benefit from growth in TVL.
Watch out for these coins
Another coin on Wainman’s radar is Bridge Mutual (BMI), a protocol that offers insurance against smart contract failure, crypto exchange attacks, stablecoin crashes, and more.
OptionRoom (ROOM), an oracle and prediction markets protocol based on Polkadot (DOT), is also on Wainman’s list.
As for Ethereum, Wainman says the leading smart contract platform has more potential even after hitting an all-time high while the foundations of the second largest crypto asset continue to hold promise.