Advertisement
Advertisement
Advertisement
Advertisement
Home NEWS NEWS BITCOIN These three altcoins are set to boom in March

These three altcoins are set to boom in March

-

- Advertisement -

Three altcoins are poised to boom in March

Popular crypto analyst and trader on twitter, Ivan Liljeqvist, said there are three altcoin coins that he is very confident in will have a strong spurt next month.

* Note: the article is based on the author's personal opinion, not considered an investment recommendation *

Ivan Liljeqvist bluntly stated that he personally holds a lot of PancakeSwap (CAKE) - a decentralized exchange (DEX) running on Binance Chain.

"PancakeSwap (CAKE) is one of the few projects that I am putting the most faith in right now"

“I think the upcoming PancakeSwap will have more users than Uniswap (UNI). Why is that? Because on Ethereum, fees are very high right now and the reason is because people who use ETH, they often do large transactions. See if you x10 on Uniswap, you don't care about $ 10 or $ 100, even $ 500, you're fine because you just got x10 ... "

“Now Binance Chain, what they do now is create this niche, they create a niche for the community to do slightly lower volume transactions, and there you can also have low fees. More… People know it's more focused but they don't care. Why? Because it has the same functionality but the cost is lower. ”

Over the past 24 hours, PancakeSwap's trading volume was $ 1,04 billion compared with $ 905 million at Uniswap.

If you want to learn more about PancakeSwap, BTA has a detailed article: Pancakeswap - Top 1 of BSC: "Unicorns" on Binance Smart Chain

The second coin on this analyst's list is 1inch.

Liljeqvist said: “1inch has seen a lot of growth in the top three decentralized financial applications (DeFi) Most used in the world ”.

"Why is 1 inch used? Because they synthesize DEX. So if I want to play big, I don't want to go straight to Uniswap. Why? Because it may not be enough liquidity. If I convert to 1inch, 1inch will sum up the liquidity from Uniswap, from SushiSwap (SUSHI), from all the different DEXs and I will have a much better choice… ”

"There are many reasons 1 inch is best, and I'm sure a lot of 1 inch users will stick with it."

The last coin for Liljeqvist that he thinks will explode in March is Polygon.

“It is 'layer 2' and is currently widely applied. A lot of projects that I know are expanding into Polygon. 'Layer 2' is the next frontier for this entire Ethereum space because the fees are so high… but it's good that we have Polygon, which is currently solving that problem… ”

The cryptocurrency analyst also emphasized that Polygon is one of the most practical 'layer 2' solutions currently applied today.

* Note: the article is based on the author's personal opinion, not considered an investment recommendation *


If you do not have a Binance account, register here: https://blogtienao.com/go/binance

See more:

- Advertisement -
Advertisement
Advertisement
Advertisement
Binance Reputable Exchange
- Advertisment -Binance Reputable Exchange

TOP TRANSACTION FLOOR

HOT NEWS OF THE WEEK

Name Price
Bitcoin
Bitcoin(BTC)
$ 11,756.05
Ethereum
Ethereum(ETH)
$ 408.00
ripple
XRP(XRP)
$ 0.289
Bitcoin-cash
Bitcoin Cash(BCH)
$ 292.23
eos
EOS(EOS)
$ 3.40