Popular crypto trader and market analyst Elliot Wainman featured four little known altcoins that he says have the potential for massive growth.
In a recent YouTube update, spotted by Daily Hodl, Wainman told his subscribers he has a knack for finding “gem” altcoins by focusing on low cap projects that have substantial upside.
Wainman highlighted Bridge Mutual as a project for investors to keep an eye on, with the launch of the BMI token on the near horizon. The trader called Bridge Mutual a transparent and decentralized application for insurance that could take on entrenched financial institutions.
However, Wainman warned followers the BMI launch could be made chaotic by high-frequency trading bots.
He said,
Bridge is going to start at a really low market cap. It might get attacked and botted and pumped right off the bat, I don’t really know what’s going to happen. It’ll probably be absolute madness at the beginning here but it’s one that I can see growing at least for the first month or so as it’s growing and achieving some market structure.
Wainman also featured the yet-to-be-launched project Hopr, which seeks to find a balance between user privacy and market regulations.
He continued,
They allow for more anonymizing of data on the blockchain even though their particular coin is not an anonymous privacy coin. And I think that set up makes a lot of sense because it’s a service that people want but a privacy coins is going to probably rub the regulators pretty wrong
Wainman was high on the outlook for Dapper Labs’ Flow (FLOW), calling it a developer-friendly blockchain that seeks to create a base layer for next-generation games and applications.
The crypto trader rounded out his selection with the DeFi project Klondike Finance (KLON), which has the potential to be another yield farming asset hit.
He said,
You can actually just farm and earn KLON tokens and there’s not really a big risk to you. I’m not telling you guys to buy KLON or that it’s going to go up… DeFi is about farming at its core.
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