Famous Trader Announces 2 Altcoins That Will Explode After Institutional Adoption
Crypto trader Tyler Swope states that a billion-dollar capital will flow into two digital assets, and these altcoins will lead to the next altcoin boom.
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Swope told its 255,000 YouTube subscribers that Compound Finance (COMP) will rise much higher on the list of crypto assets by market cap.
Swope cited an announcement that blockchain giant Circle announced that it will use Compound Finance in its plans to provide businesses with access to DeFi credit markets and other services.
“This DeFi protocol will be the first to work with Circle’s DeFi API… So why would they make such a choice? The first one went very low on the charts, dropping to 58th place, while a bunch of silly tokens rank higher even though they were of no use.
Even C tokens like CETH, CDAI, CUSDC ranked higher than Compound’s governance token. The fact that these tokens are higher proves the heavy use of the Compound Finance protocol. I think this token should be higher than the tokens I mentioned. At least in the top 30 cryptos”
Compound is trading at $373.58 at the time of writing. It is currently ranked 50th on Coinecko.
Another altcoin Swope mentions is Unibright (UBT), which develops enterprise blockchain solutions and builds integration platforms and ecosystems for tokenized assets.
Unibright also plays a key role in the development of Baseline Protocol and Baseledger, an open-source initiative to provide a range of new blockchain-based services to commercial enterprises.
According to CoinGecko, UBT is trading at $1.27 at the time of writing. It ranks 191st in the crypto currency ranking.