Analyst and trader Tyler Swope set his sights on two altcoins he believed could explode when they hit the market.
Swope tells 173,000 YouTube subscribers that a decentralized finance (DeFi) entity and a data privacy project are flying under the radar.
The first project is Centrifuge and its token, Radical Token (RAD). Centrifuge is a DeFi project that provides access to unbanked liquidity.
Swope comments at this point:
“The reason I love this project is because it combines everything I love about crypto into one sweet package. Ethereum, DeFi, NFTs, Polkadot, stablecoins – Centrifuge uses them all.
His first project
Centrifuge’s first major project is Tinlake DApp. With this, asset creators can secure invoices, royalties, and other real-world assets and then instantly gain liquidity through DeFi and stablecoins with this collateral. Asset creators are real-world businesses with real-world assets that now need access to capital instead of going through the typical invoice or royalty or other commercial payment process. And these real world assets are specified as collateral with NFTs.
Tinlake DApp is active on the Ethereum chain. But Swope emphasizes that the management and other functions of Centrifuge will take place on Substrate, one of the few live Polkadot chains.
There are several ways to earn Centrifuge’s management token RAD. However, it is not available for US investors. Swope says that US investors can earn RAD more easily in the future, citing an interview with Centrifuge’s token design manager.
Swope is also looking at the HOPR data privacy protocol.
“I like HOPR because they partner with Avado on multiple levels and they build multiple test networks including xDai, Matic and [Binance]. This means it will work on all these layers including Ethereum. It increases privacy for all DApps built on these layers.
Together with the partners and investors it has established, it will be used a lot when the main network comes into play. It’s a recipe for success in my eyes. The only risk is that it’s a privacy token. ”
Swope directs followers to a Medium post telling potential users how and when they can get the HOPR token.