Coin Edition -
- An analyst from Discover Crypto predicted that MANA, COTI, ALGO and ATOM could surge soon.
- Before these altcoins can break out, the analyst said Binance will need to settle with the SEC.
- The SEC named 10 altcoins in its argument that Binance acted as a broker in the sale of unregistered securities.
An analyst from Discover Crypto predicted that Algorand (ALGO), Cosmos (ATOM), Decentraland (MANA) and Coti (COTI) could explode if Binance settles with the U.S. Securities and Exchange Commission (SEC). These altcoins were included in a list of ten cryptocurrencies that the SEC named as securities when accusing Binance of trading unregistered securities.
Looking at ALGO, the analyst revealed that there is room for the altcoin to make a move towards the upside. He did, however, warn that it may be best for investors to wait for a pull back before buying into the cryptocurrency. From a fundamental perspective, the analyst mentioned that the project has formed multiple partnerships with companies in India.
ATOM’s strong airdrop ecosystem attracted the analyst’s attention. He believes that ATOM will attract a lot of new investors as the bull market starts and new investors become aware of what airdrops are. Given the number of airdrops planned for stakers in the coming months, the analyst predicted that ATOM could generate an 8X return for investors.
Meanwhile, MANA is showing the potential to return 10X for investors, said the analyst in his latest YouTube video. There has been a buzz around the gaming token as rumors that Decentraland has formed a partnership with Apple have been making the rounds. Regardless of whether these rumors are true or not, speculation for the altcoin could lead to a surge soon.
The analyst did highlight that there has been a notable increase in development activity for MANA during the same time that these rumors started circulating in the market. Gaming tokens have also printed gains in the last few weeks. As a result, the analyst warned that there may be strong pullback in the gaming token sector.
The last altcoin mentioned in the video was COTI. The main reason the analyst has a bullish outlook on this cryptocurrency is because it is backed by prominent figures in the Cardano (ADA) ecosystem.
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