Popular crypto KOL Tyler Swope reveals 5 altcoins with strong fundamentals to subscribers and prepares for a bullish end later this year.
Killing Protocol (KILT)
The first altcoin Swope targeted was Kilt Protocol (KILT), its first choice as an Ethereum competitor.
KILT is a blockchain protocol that enables verifiable, revoked, confidently anonymous access data to be issued and enables trust market business models in Web 3.0. The analyst stressed that the KILT token will work on both Kusama and Polkadot chains.
In addition, KOL also pointed out the current hype and attention in the crypto market for this token. Quoting a tweet from Donnie, he says, “KILT is the reason I came to GLMR / MOVR. You are working on a liquidity mechanism for Polkadot – Polimec. Regulators will crack down on DEXs and KILT will create a fully regulated DeFi infrastructure. DeFi urgently needs digital access data like this in the chain. ”
KilmaDAO is a project that aims to create the world’s most liquid market for CO2 certificates while increasing the price of these CO2 assets. In KlimaDAO, every KLIMA token is supported by the BCT token, an on-chain carbon credit from the Toucan protocol.
“The Climate DAO aims to promote the upgrading of CO2 certificates on the CO2 market by buying as many BCTs as possible from the market and hoarding them and then locking them into the state treasury. The project claims that this could lead to a shortage of emission allowances and drive prices up. ”
Interestingly, the trader emphasized that the current APY when staking KLIMA is over 38,000%!
Next up is Ren (REN), an open protocol designed to provide interoperability and liquidity between different blockchain platforms. One of the reasons Swope is optimistic about Ren is because of the recent announcement of the host-to-host (H2H) platform upgrade.
“With H2H, RenVM will be able to connect coins and tokens between the supported chains, creating a complete bridge. Bridge MIM to Solana, USDC to Polygon and Avalanche, SOL to Arbitrum, BNB to Fantom, Curve LP Token to futures chains. RenVM will move from supporting 7 assets, mostly legacy coins like BTC and DOGE, to supporting most of the tokens in the crypto space, with numbers in the thousands. And the most important thing is that you can do this cheaply. ”
Olympus DAO (OHM)
The fourth altcoin on the trader list is Olympus DAO (OHM). He explains that his optimism about the benefits of OHM is largely due to his very own technical background.
Olympus DAO is a decentralized reserve currency protocol. Each OHM token is backed by a pool of assets in its Olympus treasury. Although the Treasury Department only started with DAI, it quickly grew to include many other coins such as FRAX, LUSD, SUSHI, ETH as well as LP tokens.
“In a short time, it has developed into one of the most diverse non-protocol token treasuries in the crypto space. Its treasury is not only made up of OHM but also includes other very valuable crypto assets and grew to 1 billion in November.
“Olympus has started a DeFi revolution, which can be seen most clearly in the number of forks created based on the protocol. OHM is the most bifurcated protocol of the year and the number of forks based on its code is on par with 3 major projects including Bitcoin, Ethereum and Uniswap. This is proof that OHM has made a difference. ”
Energy network (EWT)
Finally, there is Energy Web (EWT), a blockchain-based virtual machine system designed to support and develop applications for the energy sector.
Swope suggests that its relieving pressure is coming to an end as Energy Web recently updated its Validation Code of Conduct to include an additional section on “Rental Search”.
“With” rent-seeking “, validators are no longer a garbage dump when prices rise”
In addition, Energy Web announced last week an extension of the time for the platform’s first stakers with an APY of over 21%. They also confirmed that it will take place before the end of the year.
“Staking will soon enable individuals and companies to invest in certified renewable energy projects and bring enterprise-class solutions to market.”
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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