Crypto trader Jay Freed has named four altcoins he believes can turn a 1,000 crypto investment into 10,000 in the next 30 days.
Reef Finance (REEF)
Reef Finance is a multi-chain smart liquidity aggregator and profit tool that allows integration of any DeFi protocol. Freed mentions that the project is already backed by Polkadot, but it will also take advantage of the liquidity of many other chains.
“This is a very interesting project. You can see a lot of projects under construction on Polkadot will start to explode. So stay tuned for Reef. This is an altcoin that can take advantage of liquidity in different exchanges whether it is centralized or decentralized.“
Crypto trader also analyzed the price chart for the 90 days and said that the price will rise soon.
“The price is currently trading just under 4 cents. If we look at this, what is interesting. Looking at the 90-day chart, it is clear that the price is low, so you can expect a little more than 5x to higher. But we see this downward channel right here, and that’s not good. What we see, however, is that it is breaking lower highs and now there’s an upside channel forming and I think that’s really positive news. “
Freed’s next choice is Cosmos (ATOM). He pointed out that while this is an interesting project and it is at the same stage as Cardano, Polkadot, and Ethereum 2.0, it is not getting as much attention and respect as it deserves.
From analyzing the 90-day price chart, traders think this is a great time to start investing in this project.
“This is a big project but I don’t think it has received the respect I expected. You can see the 90-day chart has risen. There has been a sizable pullback since Feb. 16, which is quite nice and is now starting to break out of that level, so I think this is a great time to invest. ”
The ADA of the Cardano network
Next on Freed’s list is the ADA of the Cardano network, one of the most interesting cryptocurrencies in the world recently.
And finally Freed named PancakeSwap, a large decentralized exchange. According to the trader, the reason he chose PancakeSwap is that it has a cheaper gas fee than Ethereum and it is used on the Binance Smart Chain network.
“The reason I chose decentralized exchanges is because it’s so big and they’ll get bigger and bigger. I chose PancakeSwap today because you all saw that I was “robbed” of a previous Reed transaction when I swapped with Ethereum and had to pay a gas fee. I know there are other altcoins but we can use Pancake Swap easily because of it to take advantage of Binance Smart Chain ”.