Ben Armstrong (BitBoy Crypto), the creator of a Youtube channel focusing on cryptocurrency news and projects, details the projects he thinks will rise while conveying his predictions for altcoin projects. Before we start the article, it is worth noting that these are only analyst estimates. As Kriptokoin.com we share the details…
BitBoy Crypto chose the top 5 altcoin projects
Armstrong is the first coin he thinks will rise the most It says it is FTX Token (FTT). The fact that Sam Bankman-Fried is the co-founder of crypto exchange FTX seems to have given Armstrong confidence in the project. He said he expects a lot of upside potential in the coin as institutional investors are also considering adding it to their portfolios. His second choice was THORChain (RUNE). The main reason Armstrong thinks the project will go up is because the project plans to launch its mainnet or switch to its own chain. said Armstrong. Mainnet migration is estimated to occur in the first quarter of 2022.
His third pick was Avalanche (AVAX), a blockchain focused on low transaction costs and speed. It perceives the network as “next Solana” because its features are similar. He believes AVAX has followed the same path in which it has embraced DeFi and withdrawn its venture capital money. His fourth pick was Ethereum, the most-held altcoin. “You can’t go wrong with ETH,” the analyst says, adding that “Ethereum is consistent and has been around forever.” He states that ETH has outperformed Bitcoin throughout its history and believes it will continue to do so. He predicts that ETH will peak around $10,500 in January or possibly February.
His last choice was Polygon (MATIC). Considering that this altcoin tends to move in parallel with the price of ETH, Armstrong says it is used to avoid high fees. “Ethereum is in many ways a victim of its own success,” Armstrong said. So when Ethereum rises, the gas fee also increases. Polygon is also a layer-2 protocol to solve the series of gas charges,” he says.