Altcoins

Top Analyst lists Top 5 Altcoins Set to Skyrocket This Quarter

Written by: Haripriya Sureban

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Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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Aug 14, 2021

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The crypto market looks merry as BTC has broken above $45K and the top altcoins are having a stellar rally. Bitcoin kickstarting the bullish rally has paved the way for more altcoins to rise in the next quarter.

Popular crypto analyst and trader “Coin Bureau” in his latest YouTube Video lists the top 5 altcoins he believes will have the most promising rallies in the third quarter of 2021.

Ethereum (ETH)

First up on the list is Ethereum. He lists out the catalysts that will propel the price. He mentions the likelihood of an Ethereum-based exchange-traded fund (ETF), institutional demand, and the latest EIP-1559 modification, which might 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.”

Cardano(ADA)

Next on the list is eth competitor Cardano. He says, Despite the fact that Cardano’s upside potential is constrained due to its enormous market value, it has far more room to expand than Ethereum for a variety of reasons. 

Further, against all odds, ADA price has maintained its upward momentum. Despite the recent drop, it has held up well and is in a clear uptrend. This is due to the fact that Cardano’s best days are yet to come.

He also highlights Project Catalyst, a collection of community-funded projects in the Cardano ecosystem that he claims might yield 100x returns.

Solana(SOL)

Solana is the analyst’s third choice.  According to him, it is “really significant” since it can process as many transactions as legacy payment processors like Visa or Mastercard. He also claims that, like Cardano, SOL has fared well during the recent crypto market downturn. 

Also Read: Top 4 Defi Tokens Set to Skyrocket in Coming Days!

Polygon(MATIC)

Polygon, a layer-2 scaling solution, is the analysts’ fourth cryptocurrency choice for Q3 (MATIC). A 264% rally is certainly in the cards for MATIC, according to the expert. The polygon network is expected to have a rush of new consumers flocking to the altcoin.

Terra (LUNA)

Last on the list is the native token of the proof of stake of blockchain Terra. He says, While Terra hasn’t been “battle-tested,” the analyst believes a 506% price hike by the end of the year is still achievable.

“Now call me crazy but I could easily see LUNA hit $100 by the end of the year if its adoption and innovation continues.”

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Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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