The market is on the dip these days. This is considered a good opportunity to jump into a potential project. But traders wonder which one has the huge potential to join in.
In the latest video, Cheeky Crypto, a Youtube Channel that focuses on cryptocurrency, has highlighted the top 3 altcoins that can make millions easily, even in the bear market.
The first altcoin that can make millions easily is Cardano (ADA). Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
Cardona is going to be one of those kind of projects that you kind of want to paying attention to because their hard fork is going to be pulled out in June. This is a game changer in terms of scalability for the network. There’s some serious potential moving to the upside. Projects that are going to be building and releasing on the ecosystem and that’s going to drive further adoption.
Traders can jump in at the range between $0.685 and $0.742. ADA is trading at $0.51 at press time. There’s some short-term trading opportunities.
ADA Chart | Source: Youtube
The second one is going to be VeChain (VET). VeChain (VET) is a versatile enterprise-grade L1 smart contract platform. VeChain began in 2015 as a private consoritium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
We came down to the $0.0285 and we are looking to actually move up towards $0.04. The opportunity for Vechain actually comes a little bit later. We can jump in at $0.0177 to $0.018. That’s really where you’re going to start to see the significant gains to be made on the portfolio.
VET Chart | Source: Youtube
The third altcoin mentioned on the list is Harmony (ONE). Harmony is a blockchain platform designed to facilitate the creation and use of DApps. The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
There’s the potential of pushing up to about $0.073 but this level would invalidate the low points. If we do move up in a significant way that we actually will have a different corrective pattern. Therefore, if we keep it below $0.069, then we should be looking to come down into these low ranges for accumulation. It’s depending on how Bitcoin behaves.
ONE Chart | Source: Youtube
Zilliqa (ZIL) is the next one mentioned on the list. Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, staking, and yield farming.
Zilliqa has been on a bit of a directional move. We almost hit the all-time high with this really nice impulsive structure. This could mean really big gains in the future for Zilliqa. We have invalidation that would get achieved at $0.033. We have to stay above $0.033. If we fail to do so, it means that we have a big question mark and we have to do some recounting to figure out what structure is going to be good longer term.
What we want to achieve is to keep above $0.033. If we don’t, it’s more likely just to be a zigzag pattern with another five waves going up and that being the end of gains for visitor. The accumulation zone is at $0.032, which would invalidate our low and at $0.03618, which would keep our structure intact.
ZIL Chart | Source: Youtube
Boba Network (BOBA)
The next one is Boba Network (BOBA). Boba is an layer 2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.
There’s a little bit of a bouncy a little bit of a calling off after the market completely tanked. If you’ve got five sub waves inside the five waves, they would go down lower. The sweet spot for accumulation for most altcoin is about 95% reduction from their previous highs.
BOBA Chart | Source: Youtube
The last altcoin that can make millions easily is Chainlink (LINK). Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The use case of the token is designed to be paid for on chain analysis. So if you’re looking to bring in real world data on chain, you’re going to be using Chainlink, using their Oracles and you pay with LINK to do so. Therefore, with over 1000 integrations, Chainlink’s going to be fantastic in the long term.
LINK Chart | Source: Youtube
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