Popular crypto trader and analyst Elliot Wainman says a group of relatively dark altcoins has the potential to moonlight this January.
In a new YouTube video, Wainmain, also known as EllioTrades, picks 14 crypto assets that could bring traders significant profits over the next few weeks.
First, Wainman predicts that the THORChain (RUNE) decentralized liquidity network, which is trading at $ 1.76 with a market cap of $ 278.28 million at the time of writing, according to CoinMarketCap, has big things in store.
The altcoin analyst predicts that THORChain will reach a market cap of $ 1 billion and possibly even higher.
“I’ve always been a fan of THORChain, I’ve always been a fan of RUNE because it allows you to extract the income by locking Bitcoin, and everything that has to do with DeFi and Bitcoin is absolutely banan, Bitcoin is growing too . In my opinion, a project like RUNE was and is very successful due to the merging of Bitcoin and DeFi. ”
Another crypto that Wainman says is set to grow with Bitcoin, and Defi is REN, a protocol that enables the transfer of crypto assets between blockchains. The trader says he is “betting big” on REN, which at the time of writing is trading at $ 0.42 with a market cap of $ 369 million.
Wainman is also bullish on AllianceBlock (ALBT), a “decentralized, blockchain-agnostic layer 2 that combines traditional and decentralized finance,” with a market cap of just $ 46 million. The trader highlights AllianceBlock’s new partnership with the Ocean Protocol data storage project as a bullish sign of the future.
Next, the crypto trader mentions two related projects that are helping miners get the most value out of confirming transactions. According to Wainman, KeeperDAO (ROOK) and Archer DAO (ARCH), up 128% that day, may appreciate in value during this bull cycle.
Wainman then moves to the decentralized insurance sector, which the analyst describes as one of the most important parts of the decentralized space. Wainman would like to highlight Bridge Mutual (BMI) from Polkadot as an exciting project in the industry.
“Bridge has been around for two years and has a very interesting complex web of mechanisms they use to ensure that insurance is properly delivered, that the right policies are approved, and that people who are injured are actually getting the coverage they get to have. are entitled to. “
Next on Wainman’s list is the decentralized derivative platform Injective Protocol (INJ). With a market cap of $ 88 million, the trader points out that the project, which just announced the first decentralized Tesla futures market, is now available on its Solstice testnet, has plenty of room for growth, considering that the traditional derivatives market is worth tens of trillions of dollars.
The next three picks from Wainman are also decentralized derivatives products. The trader highlights Oiler Network, whose token launch Hegic has not yet completed, and a project that builds on Hegic, Whiteheart (WHITE).
Wainman then highlights REVV, a project in the NFT space, a sector where Wainman is particularly optimistic.
Next up on his list is PARSIQ (PRQ), which Wainman describes as an underrated project that is characterized by high-profile partnerships and great technology.
“They have teamed up with some of the largest and most influential coins and projects and chains in the entire ecosystem, and I believe they are just beginning when their technology is recognized as one of the most superior infrastructure projects in the entire space.”
The last two assets Wainman mentions are Akash (AKT), a decentralized cloud storage project, and RAMP, which at the time of writing have market caps of $ 27 and $ 28 million, respectively.
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Featured image: Shutterstock / Marc A.