BAKE, NANO and HOLO are among the remarkable altcoin projects recently. So what is the ROI of these altcoins? Crypto expert and analyst Ekta Mourya comments …
Ekta Mourya: BAKE offers high short term return on investment
BAKE of the Binance Smart Chain ecosystem is among the top 10 ecosystem cryptocurrencies according to activity. Social volume, social engagement and average sentiment are currently on the rise for BAKE. Among the less popular rising altcoin projects, BAKE ranks among the top 100 by market capitalization. Last week, several artists dropped the Bakery Swap artwork as NFT, making this cryptocurrency more popular and increasing its demand.
Trading volume is relatively lower and liquidity remains at a lower level. Market capitalization rose to $ 1 billion after an increase of about 14%, and the price is close to $ 8.48 ATH. BAKE, rising against ETH and BTC, offers relatively high short-term return on investment even at 68% of circulating supply, alongside other altcoin projects, according to crypto expert and analyst Ekta Mourya.
Ekta Mourya: NANO goes through consolidation before price rally continues
While BAKE has been recruited as a work of art by NFT artists, NANO V22 is currently in Beta phase. NANO’s V22 requires learning many new concepts, the development of new tools and scripts, and the implementation of new testing processes. There is a lot of development data collected from DB14 and DB15 development.
The project has had a mainnet for 5 years, which sets it apart from other altcoins rising in the current bull run. The trading volume has dropped in the past 24 hours and sentiment on the chain for NANO has risen. The current price action goes through the consolidation phase before the price rally continues, according to Ekta Mourya.
Ekta Mourya: These altcoins have high return on investment potential for short term HODLers
With increasing demand across exchanges, HOT was listed on new exchanges last week. Altcoin has experienced a decline in market value in the past 24 hours. However, the price is currently going through mixed trading sessions. Altcoin has risen steadily for 2 days according to the price chart and is now consolidating.
There are investors who accumulate NANO, HOT and BAKE on altcoins such as XRP, BNB, LTC, MATIC or other top DeFi tokens. Because, according to Ekta Mourya, the short-term return on investment is higher and volatility increases. Social sensitivity, according to Ekta Mourya, is largely positive for these altcoins, and the number of investor / unique addresses is constantly increasing. These altcoins have high return on investment potential for short-term HODLers, according to Ekta Mourya.