Recently, crypto analyst and influencer Tyler Swope identified three “undervalued” altcoins among the top 300 cryptoassets by market cap and explained why they are undervalued.

In a recent YouTube video, the host of the “Chico Crypto” YouTube channel talked about Compound ($COMP), Energy Web Token ($EWT), and Perpetual Protocol ($PERP). Here, we look at some highlights from the comments he made in this video.

Compound ($COMP)

Compound CEO and founder… said this just last week, ‘Today I had the opportunity to present Compound and DeFi to the Federal Reserve staff.’ Compound is bullish.

Energy Web Token ($EWT)

Read Also:   Nasdaq-Listed Mining Company Buys $150M Worth of Bitcoin

I love Energy Web. I know what is going to happen with it. It is changing the energy game… many many pilot programs going on. Unfortunately, the team is focused on building not necessarily the token price, which is a good thing in my opinion… but it just gives you time to accumulate in my opinion...




But why I think it’s a pick that [should be] on the way up is [that the team is] starting to focus on tokenomics and things like that… I’m always bullish on EWT.

Perpetual Protocol ($PERP)

“They do have a product out and it’s pushing out fundamentally great volumes… I go with fundamentals every time… Perpetual is a decentralized perpetual contract for different assets…They’re looking to move into gold assets, synthetic assets, but they are only in the crypto asset stage right now.

Read Also:   VeChain (VET) Bounces Up and Aims for Nearest Resistance

Featured Image Credit: Photo via Pexels.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.


Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


Cypto Analyst Says These 3 Altcoins Are the ‘Most Undervalued’ in the Top 300

by John R. Potter
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format