Crypto analyst and trader Tyler Swope is naming the crypto projects he is betting on to make major gains during this altseason.
In a new strategy session, Swope spotlights six altcoins that he believes have the potential to balloon in price.
Swope tells his 181,000 YouTube subscribers that he’s bullish on Chi Gastoken (CHI), a crypto asset designed to help users save on gas. The token is pumping of late, but Swope estimates that if ETH continues to rise and decentralized finance (DeFi) continues to ramp up, CHI will likely pump as well.
“As I said if Etheruem bubbles and we go into an altseason, then this Chi Gastoken is going to increase as well… If you think Ethereum is going to move up even further, $2,000, $3,000, then Chi Gastoken is going to track that.”
Swope also highlights GasToken (GST2), which works similarly to CHI, but has a smaller market cap for those who desire an investment with a potentially larger upside.
Next on Swope’s list is algorithmic interest protocol and DeFi behemoth Compound (COMP), which he predicts has a partnership with Visa in the works. He cites a connection between the timing of Compound’s Compound Chain whitepaper release and Visa’s publication of its research into a CBDC as evidence that the two may be on the verge of announcing a partnership.
“I have a pretty strong feeling, pretty strong idea, prediction that Compound is Visa’s DeFi.”
Swope is also bullish on blockchain supply chain manager Morpheus Network (MRPH). Swope says that he plans to release content with some deeper analysis and research regarding some upcoming Morpheus news in the near future, but teases followers in the meantime that “big stuff [is] going on with Morpheus.”
Sora (XOR), which aims to become the global decentralized central bank, is a project on Swope’s radar as well. He highlights its upcoming airdrop as a reason to pay attention to the project and that it is likely the protocol that is furthest along in creating a functional central bank digital currency (CBDC).
Sixth on Swope’s list is Energy Web Token (EWT). The analyst tells his followers that no matter what one’s politics are, it is inevitable that energy is going to be a big focus of the Biden administration, calling EWT one of the strongest projects in his crypto portfolio.
“EWT probably the most solid token in my bag because people don’t know what’s going to come this next year… Biden is going to be good for Energy Web Chain. Plain and simple. That’s the reality of the situation.”
He also points out that the man behind Polkadot (DOT), Gavin Wood, is one of the founding members of EWT.
lDon't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
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/Immersion Imagery