Popular cryptocurrency analyst and Coin Bureau host “Guy” has been eyeing the investments made by venture capitalists in cryptocurrency projects. The analyst states that this indicates the high potential that altcoin projects have. Let’s take a closer look at 5 altcoin projects to watch, where the analyst sees strong potential…
Popular cryptocurrency analyst: There is the popular altcoin Solana in the first place
Veteran analyst Guy is launching his list of five cryptocurrency projects with high-performance Blockchain Solana (SOL), which is among the many projects that have received major financial backing from venture capital (VC) firms since the beginning of the year. The popular crypto analyst adds the following to his statements on the subject:
When VCs invest heavily in an already working cryptocurrency, it shows that the project in question has significant long-term potential and is not just a speculative short-term investment. Solana is in the first place.
YouTuber: Dapper Labs, the next altcoin I watch!
The YouTuber describes it as a ‘bullish’ sign, telling its nearly 1.2 million YouTube subscribers that over $500 million has been transferred to Solana in various tranches. This includes a fund of 40 million dollars in March, 60 million dollars in May, 100 million dollars in May and 314 million dollars in June.
The next altcoin on Guy’s list is Dapper Labs, which owns the popular cryptocurrency collecting platform NBA Top Shot. Dapper raised over $300 million from multiple VC firms in less than five months as excitement over the Top Shot ecosystem grew.
Popular cryptocurrency analyst: These 3 altcoins are on my radar
Proof of stake Blockchain platform Algorand (ALGO) ranks third on Guy’s list of high-potential cryptocurrencies, given the financial support received from VCs. In June, Arrington Capital raised $100 million to “finance projects based on the Algorand Blockchain.” Next on YouTuber’s list is Chia Network (XCH), which raised $60 million in May.
Multi-chain platform Kusama ranks fifth on Guy’s list. The project, together with its sister platform Polkadot, raised $30 million in June. In addition, Kusama’s parachain auctions have already been launched, allowing crypto communities to essentially bid on what projects to launch on the network. Cryptocoin. com
As we previously reported , main project Karura gave Kusame $100 million to provide a 48-week lease to build the network.