Crypto trader Tyler Swope predicts a billion-dollar deluge of capital will flow into two digital assets, allowing them lead the way in the next altcoin boom.
The host of Chico Crypto tells his 255,000 YouTube subscribers that Compound Finance (COMP) is likely to move much higher on the list of crypto assets by market cap.
Swope references an announcement from Circle where the blockchain giant reveals it will utilize Compound Finance in its plans to give businesses access to decentralized finance (DeFi) lending markets, as well as other services.
“This DeFi protocol is going to be the first one which works with Circle’s DeFi API… So why is this a pick of mine besides that blog? Well, for one, it has slipped way down the charts, down to rank 58, while a bunch of token crap is ranked higher with no use.
And you even have some of its C tokens, CETH, CDAI, CUSDC ranked higher than Compound’s governance token. This proves massive use of the Compound protocol having those tokens up higher, and I think the governance token should be ranked higher than those… At least in the top 30 cryptos.”
At time of writing, COMP is trading at $375.34 and is currently the 49th largest crypto asset according to CoinGecko.
The second altcoin on Swope’s list is Unibright (UBT), which develops enterprise blockchain solutions, and builds integration platforms and ecosystems for tokenized assets.
Unibright also plays a major role in developing the Baseline Protocol and Baseledger, which is an open-source initiative to provide a suite of new blockchain-based services to business enterprises.
Swope takes note of a recent discussion between developers, who say announcements on the platform’s corporate adoption are in the pipeline.
At time of writing, UBT is trading at $1.17, trading almost completely sideways for the past 30 days according to CoinGecko.
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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/Gorodenkoff