In the crypto money market, which has been trading on the red side since December, the “Fear and Greed Index” has dropped to 10. However, crypto analyst Joe Parys thinks that 3 altcoin projects, which he believes to be undervalued, can do 100x. In this article, we take a look at analyst Joe Parys’ 2022 expectations, keeping in mind that the forecasts are not precise.
3 altcoin projects that Joe Parys expects 100x
The first low-value altcoin we’ll talk about is Polkadot (DOT), a crossover of any data or asset type, not just tokens. It is a fragmented multi-chain protocol that facilitates chain transfer, thus allowing Blockchains to be interoperable with each other. Polkadot is also designed to provide a foundation for Web3. According to the analyst, Polkadot provides the necessary technology on which more projects can be built. It ranks first in the analyst’s 100x pack as the Polkadot ecosystem has drastically depreciated in the last correction. Shiba Inu (SHIB), the next altcoin in the list we compiled as
Kriptokoin.com , was anonymously created in August 2020 under the alias “Ryoshi”. An investor community quickly gained traction with personalities like Elon Musk and Vitalik Buterin, cool headlines and social media memes. Fear towards the SHIB is at its maximum, but potentially doing the opposite in the long run, according to the analyst. If the aim is to buy low and sell high, it can be said that the hype around Shiba has been “deflated” for a while. There’s also not a lot of parabolic price action. According to the analyst, these could be entry points that many people could potentially seek.
The last low-value altcoin PancakeSwap (CAKE) is an AMM-DeFi protocol that allows users to exchange tokens, provide liquidity through farming, and earn passive income in return. PancakeSwap uses an automated market maker (AMM) model to trade against a liquidity pool. These pools are populated by users who deposit their funds into the pool and receive liquidity provider tokens in return. CAKE price also deepened in the last market correction and we may see a reversal soon.
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