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136 shares, 349 points

With Bitcoin (BTC) and other altcoins on the decline following the crypto currency flooding of last April and May, many investors have been wondering when the altcoin flooding will occur. Although a cryptocurrency trader did not answer this question, he shared 2 cryptocurrencies that he thinks will trigger the padols in altcoins. Here are the details…

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Tyler Swope: Compound will enable altcoin padols to happen

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Cryptocurrency trader Tyler Swope predicts that a billion-dollar flood of capital will flow into two altcoin projects, leading them to lead the next altcoin flooding. The host of Chico Crypto says on YouTube that Compound Finance (COMP) will rise much higher on the list of crypto assets by market cap.

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Swope, citing an announcement from Circle where the blockchain giant announced that it will use Compound Finance in its plans to provide businesses with access to decentralized finance (DeFi) credit markets and other services, said:

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This DeFi protocol will be the first to work with Circle’s DeFi API… So this, why is it my choice? First, it went very low on the charts, dropping to 58th place, while a bunch of token crap went higher with no use. Even some C tokens; CETH, CDAI, CUSDC rank higher than Compound’s governance token. This proves that the Compound protocol is heavily used, and I think the governance token should rank higher than these… At least in the top 30 cryptos.

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Analyst also drew attention to Unibright

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The second altcoin on Swope’s list is Unibright (UBT), which develops enterprise blockchain solutions and builds integration platforms and ecosystems for tokenized assets. Unibright also plays a key role in the development of Baseline Protocol and Baseledger, an open-source initiative to provide a range of new blockchain-based services to commercial enterprises.

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Swope draws attention to the controversy surrounding institutional adoption of the platform. The analyst looks hopeful in this respect. Cryptocoin. com

According to data, COMP is trading at $429.00 at the time of writing, while UBT is trading at $ 1.41.

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