There has been a downward trend in the crypto currency market for the last week, but it can be stated that the general feeling is still in the direction of growth. At this point, analysts think that some altcoins may come to the fore, and the popular analyst Jay Freed he also shares altcoins with his followers, which have the potential to increase up to 6 times in the coming days.
First place in the analyst’s list Vechain (VET) are available. According to Freed, VeChain is one of the uniquely positioned crypto projects. Because VeChain was created to replace traditional supply chain models, an industry that had changed little in the decades before Blockchain.
Freed, VeChain he points out that his price is in a dynamic position and has been steadily rising above the simple 50-period moving average, which indicates a strong upward momentum. The investor notes that there are 3 main reasons why he expects a rise in Vechain, including network upgrading, an increase in real-world usage, and Vechain NFTs.
In terms of price movements, Freed points out that the VET chart is moving upwards in the form of an uptrend. In addition, the analyst believes that the 0.15 dollar is currently VET it underlines that it is a good buying zone for.
The analyst described it as the first enterprise-level fintech platform that gives organizations the authority to create their own payment solutions, digitize any currency to save time and money Cotiit refers to the presence of (COTI).
In his statements on the subject, Freed, “COTI is one of the world’s first blockchain protocols optimized for decentralized payments and designed for use by enterprises, governments, payment dApps and organizations launching stablecoin. They have an extremely fast system with more than one hundred thousand transactions per second.” he’s using his words.
On the other hand, recently Coti has been decentralized to AdaPay stablecoin to bring payments, Cardano’s stablecoin headquarters has partnered with Ardana. It is also emphasized that Cardano’s payment gateway provider Coti will be the official backer of Djed, a new DeFi-focused stablecoin.
Harmony (ONE) and TrueFi (TRU)
The third crypto currency on Freed’s radar is a blockchain platform designed to facilitate the creation and use of decentralized applications (dApps Harmony (ONE).
Sundays dec the project announced that it will take steps to increase adoption by developing cross-chain NFT protocols, tools and services with grants and awards of $ 13 million to create the platform, community, reputation, curation, finance and markets of NFT ecosystems.
The last place in the list is occupied by a protocol for creating interest-bearing pools with a high APR for liquidity providers, which is TrueFi (TRU) there is. TrueFi, TRU it includes various benefit and reward mechanisms and rewards participants for maintaining stable, high APRS.
At this point, Freed, “This is a little different from competitors because, you know, with Aave, with Nexo, you can borrow with Celsius, you can borrow but when you borrow you have to show collateral. There is no guarantee with TrueFi.” he’s using his words.
The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.