Crypto dealer and YouTuber Ben Armstrong says one medium-cap altcoin is poised to print vital positive factors earlier than the bull market involves an in depth.
Armstrong tells his 418,000 YouTube subscribers that he’s two interoperability protocols that he says will play key roles in the way forward for blockchain ecosystems.
“With a excessive chance that there shall be an enormous variety of blockchains working concurrently sooner or later, plainly a concentrate on interoperability between totally different blockchains is essential [to] the development of blockchain expertise.
Two main contenders have risen as much as lead the cost towards that purpose: Polkadot (DOT) and Cosmos (ATOM). Whereas each protocols make the most of related structure, there are a selection of vital variations between them.”
Armstrong highlights one basic distinction between the 2 interoperability blockchains that may considerably affect the long run valuation of the initiatives.
“Right here’s the principle factor that I would like you to remove from this video. Cosmos and DOT usually are not that far aside [in price]. However they’re far aside in market cap. Whenever you see gaps like this, that is the place the potential for lower-ranked initiatives comes into focus.”
At time of writing, Polkadot is trading at $19.35 with a market cap of $17.5 billion, in keeping with CoinMarketCap. In the meantime, Cosmos is valued at $14.77 however its market cap stands at roughly $3 billion.
The crypto influencer provides that Cosmos’ comparatively small market cap places it able to comply with Polkadot’s meteoric rise in 2021 and generate outsized returns to traders.
“Cosmos has a lot potential. It’s reaching for the celebrities. It’s been on the backend working and constructing whereas different initiatives are reaping rewards. Ultimately, Cosmos will get its flip. I see an enormous run up sooner or later for the ATOM coin. It’s primarily at its all-time excessive proper now. However there’s nonetheless a lot extra room for it to go.
I imagine Cosmos will see its valuation rise and the worth of ATOM $140 per coin on this bull run.”
Ought to ATOM comply with Armstrong’s script, it will possibly probably ship over 10x positive factors earlier than the bull market closes its curtains.
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