A preferred crypto analyst is weighing in on a pair of altcoins because the markets attempt to navigate out of a rocky month of buying and selling.
In a brand new technique session, Coin Bureau host Guy tells his 2.05 million YouTube subscribers that he nonetheless anticipates cross-chain decentralized finance (DeFi) lending protocol Kava will develop, noting that KAVA’s current drop in value was probably attributable to the collapse of Terra (LUNA).
“When it involves Kava, its KAVA coin is taking pictures for the celebrities on the upcoming launch of its personal mainnet improve, which is able to function assist for the Ethereum Virtual Machine.
Kava has seen some very unstable value motion and it’s vital to level out that its current dip was on account of Terra’s implosion. For context, all Cosmos-based cryptocurrencies appear to have taken successful, however fortunately for Kava its value remains to be in a pleasant long-term uptrend.”
At time of writing, Kava is up 4.52% and buying and selling for $2.89. KAVA was priced above $5 a month in the past, later falling to as little as $1.54 on May eleventh earlier than slowly recovering since.
Next on Guy’s radar is KCS, native token of the KuCoin crypto trade. The host notes that the brand new decentralized KuCoin Community Chain (KCC) is including extra gravitas to an already fashionable market.
“We have KuCoin’s KCS token, which as an trade token is merged on the hip with the actions of KuCoin’s cryptocurrency trade.
To be truthful, this appears to be altering because the KuCoin Community Chain positive factors adoption, the long-term value motion of the KCS token additionally seems severely spectacular.
This once more has to do with the rising reputation of the KuCoin cryptocurrency trade.”
The Coin Bureau host also takes a look at smart contract platform Fantom (FTM), telling viewers that he remains upbeat about the Ethereum (ETH) competitor despite the recent departure of developer Andre Cronje.
“As for Fantom, the FTM coin is responding positively to the prospect of the proposed changes to Fantom’s staked FTM and FUSD [Fantom USD] mechanics.
Like other layer-1s, FTM has seen the wind drop out of its sails, especially after Andre Cronje announced he would be leaving the project. Note that I still hold FTM and that’s because I believe there’s more to Fantom than one man, just my opinion.”
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https://dailyhodl.com/2022/05/23/coin-bureau-says-kava-and-one-seriously-impressive-altcoin-remain-in-long-term-uptrends-despite-correction/
