Four Altcoins Could Break Out As Ethereum-Based Ecosystem Goes Parabolic, According to Messari Researcher

Messari researcher Ryan Watkins is shining the spotlight on four small-cap crypto assets in the Ethereum ecosystem.

In a series of tweets, Watkins says the coins could be part of a new decentralized finance (DeFi) paradigm that breaks out alongside the second-largest blockchain.

“As Ethereum faces challenges scaling and interest in DeFi goes parabolic, there hasn’t been a better time for a parallel DeFi ecosystem to break out.”

Watkins says Terra (LUNA) generates the highest transaction fees after Bitcoin and Ethereum. The Messari researcher highlights the fact that Terra is on track to print $3.8 billion in annualized transaction volume, allowing the coin to pocket $26 million in transaction fees. Watkins says from a fundamental standpoint, Luna is a potential big winner.

“If LUNA were to be valued like it’s peers by year-end, it would imply as much as a $3.53 price – 10x > current.”

Source: Ryan Watkins/Twitter

Watkins is also looking at decentralized lending platform Kava (KAVA). According to the researcher, Kava employs an interesting monetary policy as the platform burns Kava when interest on loans is paid, which combats the inflation that comes with rewarding Kava liquidity providers and stakers. In addition, Watkins points out that Kava has lofty goals including interoperability with the Cosmos ecosystem and the introduction of more synthetic assets.

 11.08.2020

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