Crypto trader Ben Armstrong is revealing his top seven altcoin picks that he says have the potential to print 20x gains this year.
In a recent video, the trader known in the industry as BitBoy Crypto tells his 205,000 subscribers that Basic Attention Token (BAT), which is the Ethereum-based crypto asset of the privacy-centric browser, Brave, has significant growth potential.
“When it comes to utility, no project gets more usage than BAT. This is the token of the most used product in cryptocurrency, the Brave browser. Millions of users. Users are stacking up so fast, they actually suspended their referral program… If you believe product and utility will ultimately determine price and value, then there isn’t a better pick than BAT.”
At number six is SAND, the utility token of the virtual gaming world, The Sandbox. Armstrong highlights that he included SAND on the list due to its fundamentals and not because of the protocol’s roadmap or price analysis.
“I believe The Sandbox game is going to be the biggest thing to hit crypto gaming ever. This interactive land is going to bring the crypto community to life.”
Taking the fifth spot is a protocol that aims to offer extremely fast transaction speeds to existing blockchains via sharding: Elrond (EGLD).
“It’s as big as any project out there. The amount of partnerships and connections Elrond is working on is massive… If we stick solely to the all-time high of EGLD to 20x its all-time high, we’re looking at Elrond to 50x from here, giving it a price of $427.80.”
Grabbing fourth place is cross-chain data oracle platform Band Protocol (BAND). Armstrong highlights that the sky is the limit for this project as it competes for market share in the decentralized oracle space.
“With a high of $17.67 and a current price of $7.14, the opportunity is obvious. If it were to 20x the all-time high, we’d be looking at almost a $355 price per token and about a 50x which is really nice. But I’m going to be honest with you here, BAND has an even higher ceiling than that.”
Landing at number three is a protocol that enables the transfer of data between different blockchains: Cosmos (ATOM).
“Cosmos is the bridge builder to get all of these many decentralized economies working together. The scale of what it’s doing is huge. And I feel like it’s not even come close to its potential yet, which means fireworks in 2021 for Cosmos and its coin, ATOM.”
Armstrong notes that a 20x from ATOM’s all-time high of $31.59 would take the coin to $632.
At number two is Dash which is short for digital cash. The crypto trader expects this year to be big for the Bitcoin fork.
“This digital payment solution with a private send feature is the fastest of all cryptocurrencies near the top, and any speed difference from smaller projects is negligible… It’s pretty much instant, which is why many countries such as Venezuela have turned to it more than other altcoins in the midst of chaos.”
Armstrong says the project’s huge scope and its relatively small circulating supply of 10 million make the coin a solid candidate to 20x from its all-time high of $1,532.
Taking the top spot is the supply chain management protocol VeChain (VET).
“I believe the utility of VeChain is huge. I fully expect supply chain tracking to be the most used niche in blockchain over the next year. It is going to be humongous. When it comes to supply chain tracking, there’s no project equipped to be a dominant force like VeChain.”
Armstrong believes that a 20x from its all-time high of $0.026 is a conservative target as he expects VET to be valued at $2.00 per coin.
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Art Furnace
