Altcoins

List of best altcoins for long term gains

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4 months ago

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Analyst and investor Conor Kenny has shared a list of altcoins that he believes have the potential to generate maximum gains in the upcoming bull run. First on the list is the “big dog” of cryptocurrencies, Bitcoin. The analyst estimates Bitcoin will continue to generate substantial gains and he considers it the least risky option in the cryptocurrency market. He compares Bitcoin to the S&P 500, suggesting that it should be a key part of any cryptocurrency portfolio due to its lower risk and potential for stable returns. Here is a list of other altcoins:

Ethereum

He started the discussion by talking about the imminent introduction of Ethereum Spot ETF by major financial institutions such as Franklin Templeton, VanEck, Bitwise and BlackRock. This development could significantly improve Ethereum’s market performance. He remains bullish on Ethereum, which is currently testing its resistance levels, and believes in its long-term potential.

Solana

Kenny then discusses Solanaanother major player in the crypto space. He predicts that Solana could reach Ethereum’s market cap since the last bull run, suggesting an 8x potential from its current position.

Vanar

One of Kenny’s biggest holdings is Vanar, formerly known as TVK. The rebranding from a gaming token to a broader blockchain platform has contributed to its success. Listed on major exchanges like Binance and Coinbase, the coin represents a significant opportunity.

XDEFI

XDEFI, currently rebranded as CTRL, is another promising project in the analyst’s portfolio. With a market cap of just under $6 million, the coin aims to become a universal gas token for all major chains. Its strong user base and partnerships, including support from Anoko Brands and CoinGecko, further boost its prospects.

Orion

ORN, which is currently rebranding to Lumina, is set to become a Layer 2 solution. This transition aims to aggregate liquidity from centralized and decentralized exchanges, as well as traditional finance, making it a potential leader in the tokenized real-world asset market and an opportunity for investors.

Also see: Altcoin to Soar as Spot ETH ETF Launch Nears, Vertex CEO Says

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