Crypto analyst and trader Tyler Swope names the crypto projects he’s betting on to make big profits this old season.
In a new strategy session, Swope sheds light on six altcoins that he believes have the potential to drive the price up.
Swope tells its 181,000 YouTube subscribers that it is bullish on Chi Gastoken (CHI), a crypto asset designed to help users save gas. The token has been pumping lately, but Swope estimates that if ETH continues to rise and Decentralized Funding (DeFi) continues to rise, CHI is likely to be pumping too.
“As I said, if Etheruem is bubbling and we’re going into an old season, this Chi Gastoken will increase too … If you think Ethereum will go up even more, $ 2,000, $ 3,000, Chi Gastoken will be chasing that. ”
Swope also highlights GasToken (GST2), which works similarly to CHI but has a smaller market cap for those who want an investment with potentially greater potential.
Next up on Swope’s list are the algorithmic interest protocol and the DeFi-Gigant Compound (COMP), which he predicts will be in the process of partnering with Visa. He cites a link between the time Compound published its Compound Chain whitepaper and Visa publication of its research on a CBDC as evidence that the two may be close to announcing a partnership.
“I have a pretty strong feeling, pretty strong idea, prediction that Compound Visas is DeFi.”
Swope is also bullish on blockchain supply chain manager Morpheus Network (MRPH). Swope says he plans to post content with deeper analysis and research on some upcoming Morpheus news in the near future, but is teasing his followers about the “big stuff” in the meantime. [is] continue with Morpheus. “
Sora (XOR), who wants to become the global decentralized central bank, is also a project on Swope’s radar. He highlights the upcoming Airdrop as a reason to pay attention to the project and that it is likely the protocol that has advanced furthest in creating a functional central bank digital currency (CBDC).
Sixth place on Swope’s list is Energy Web Token (EWT). The analyst tells his followers that it is inevitable that energy will be a big focus of the Biden administration, regardless of politics, and calls EWT one of the strongest projects in its crypto portfolio.
“EWT is probably the most solid token in my pocket because people don’t know what’s coming next year … Biden will be good for Energy Web Chain. Plain and simple. That is the reality of the situation. “
He also points out that the man behind Polkadot (DOT), Gavin Wood, is one of the founding members of EWT.
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