The host of the popular crypto outlet Coin Bureau is tracking five altcoins he thinks have the most potential for the third quarter of 2021.
Addressing his 1.23 million subscribers in a new video, the pseudonymous analyst known as Guy starts his list with Ethereum (ETH).
The analyst lists multiple catalysts that could launch Ethereum to higher levels, including the possibility of an Ethereum-based exchange-traded fund (ETF), institutional demand, and the recent EIP-1559 update which could turn ETH into a deflationary asset.
“I think you can easily make the case for a $6,000 to $7,000 ETH by year’s end.”
Coin number two on Guy’s list is Cardano (ADA).
“Even though Cardano’s upside potential is also limited due to its large market cap, it has much more room to grow than Ethereum, and this is for many reasons. For starters, ADA has maintained its bullish momentum against all odds. It has held up strong despite the recent downturn and is still in a very visible uptrend. This is because Cardano’s best days are ahead of it.”
Guy also mentions Project Catalyst, a series of community-funded projects in the Cardano ecosystem which he says could present opportunities for 100x returns.
“This potential for profit could bring in record amounts of retail investors and users, and I could see that taking ADA up to the $4 to $5 range.”
The analyst’s third pick is Solana (SOL). Guy says Solana is “seriously significant” because of its ability to process as many transactions as legacy payment processors like Visa or Mastercard. He also says that like Cardano, SOL has held up considerably well during the downturn in crypto markets.
Guy’s fourth altcoin pick for Q3 is layer-2 scaling solution Polygon (MATIC). Based on the expectation of a wave of new users coming to MATIC, the analyst says a 264% rally is easily in the cards for the altcoin.
“The mass adoption of Polygon could easily push its price to new all-time highs by the end of 2021. $5 is a realistic estimate in my opinion.”
The last altcoin on Guy’s list is LUNA, the reserve currency on proof-of-stake blockchain Terra. The analyst says that while Terra hasn’t been “battle-tested” as of yet, a 506% price increase by the end of the year is still possible.
“Now call me crazy but I could easily see LUNA hit $100 by the end of the year if its adoption and innovation continues.”
l
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/RM Studio