Undervalued Altcoins are Named by Analyst
Analyst and trader Austin Arnold named 5 undervalued altcoins that have huge upside potential during the current market correction.
Arnold starts his list with the Injective Protocol (INJ), which is a decentralized derivatives exchange backed by major investors. According to him, the initially issued INJ tokens will be locked for one year, which will provide some security for investors. INJ soared from a low of $0.65 in November 2020 to its current value of $14.95, a 2200% gain in 5 months.
Celo, which is a global payment infrastructure for cryptocurrency assets, was included in the analyst’s list of promising assets at number two. He noted that the telecommunications giant, Deutsche Telekom, had already invested in the project, and became the owner of a number of Celo tokens.
Next on Austin Arnold’s ranking is the Yield App (YLD) project, which is bringing the DeFi sector closer to mainstream adoption. Although YLD is a new project that possesses a stunned level of capitalization so far, according to the expert, it is worth paying attention. That Yield App is a fully licensed fintech company that allows anyone and anywhere to invest in DeFi. A few weeks ago, Yield App launched an Ethereum fund that permits users the opportunity to earn up to 20% per annum.
Another underrated crypto asset is the Rally Social Token Platform (RLLY), which enables content creators or influencers to create their own tokens to perform specific functions. Coinbase Ventures is listed as an investor in RLLY.
The last asset in the expert’s list of undervalued crypto assets is the Origin Protocol asset, which is represented by the OG NFT platform token. The trader noted Origin Protocol’s partnership with Google as a positive factor for the new project.
OGN made the list due to the booming of the NFT space. The Origin Protocol recently partnered with Google Cloud to create the NFT marketplace. There are already popular sites like OpenSea, but this project opens up the potential for attracting a larger number of users.
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