- Popular crypto trader and analyst Elliot Wainman says a relatively unspecified group of altcoins have the potential to hit the moon this January. In a new YouTube video, Wainmain, also known as EllioTrades, reveals 14 crypto assets that could give investors huge gains in the next few weeks.
Popular crypto trader and analyst Elliot Wainman says a relatively unspecified group of altcoins have the potential to hit the moon this January. In a new YouTube video, Wainmain, also known as EllioTrades, reveals 14 crypto assets that could give investors huge gains in the next few weeks.
Altcoins coming to the moon
First, Wainman predicts big things await the decentralized liquidity network THORChain (RUNE), currently traded at $ 1.76 and has a market value of about $ 278.28 million, according to CoinMarketCap.
Altcoin analyst predicts that THORChain will reach a market cap of $ 1 billion and potentially higher levels.
“I’ve always been a fan of THORChain, always a RUNE fan. Because it allows to gain efficiency by locking Bitcoin. So in my mind, a project like RUNE is set to work really well behind the growth of Bitcoin and DeFi together. ”
Another cryptocurrency, Wainman says, is REN, a protocol that is ready to grow with Bitcoin and allows the transfer of crypto assets between Defi’s blockchains. At the time of writing, the trader says he has “invested heavily” in REN, which is traded around $ 0.42 with a market value of $ 369 million.
Wainman also expects a rise in AllianceBlock (ALBT), a decentralized, blockchain-independent layer 2 that “combines traditional and decentralized finance” with a market capitalization of just $ 46 million. Trader highlights AllianceBlock’s new partnership with data storage project Ocean Protocol as a bullish sign of things to come.
Next, the crypto trader talks about two related projects that help miners get the highest possible value by validating transactions. Wainman says KeeperDAO (ROOK) and Archer DAO (ARCH), which increased by 128% during the day, could multiply in value during this bull cycle.
Wainman then moves to the decentralized insurance industry, which the analyst labeled as one of the most important parts of the decentralized space. Wainman chose to highlight the Polkadot-based Bridge Mutual (BMI) as an exciting project in the industry.
The next step on Wainman’s list is the decentralized derivatives platform, Injective Protocol (INJ). With a market capitalization of $ 88 million, the trader points out that the project, which announced that the first decentralized Tesla futures market is now available in the new test net, has a lot of room to grow considering the traditional derivatives market is worth tens of trillion.
Wainman’s next three choices are also products related to decentralized derivatives. Trader highlights the Oiler Network, which has not yet launched the token, Hegic, and a project built on Whiteheart (WHITE).
Wainman then highlights REVV, a project in the NFT area, a sector where Wainman is particularly on the rise.
The next altcoin on its list is PARSIQ (PRQ), which Wainman has labeled an unvalued project that boasts high profile partnerships and excellent technology.
The last two assets Wainman mentioned are Akash (AKT), a decentralized cloud storage project, and RAMP, with a market value of $ 27 and 28 million, respectively, as of writing.