Crypto dealer and YouTuber Ben Armstrong says one medium-cap altcoin is poised to print important beneficial properties earlier than the bull market involves a detailed.
Armstrong tells his 418,000 YouTube subscribers that he’s taking a look at two interoperability protocols that he says will play key roles in the way forward for blockchain ecosystems.
“With a excessive chance that there shall be an enormous variety of blockchains working concurrently sooner or later, evidently a give attention to interoperability between totally different blockchains is essential [to] the development of blockchain know-how.
Two main contenders have risen as much as lead the cost towards that objective: Polkadot (DOT) and Cosmos (ATOM). Whereas each protocols make the most of related structure, there are a variety of essential variations between them.”
Armstrong highlights one elementary distinction between the 2 interoperability blockchains that may considerably affect the long run valuation of the initiatives.
“Right here’s the principle factor that I would like you to remove from this video. Cosmos and DOT usually are not that far aside [in price]. However they’re far aside in market cap. While you see gaps like this, that is the place the potential for lower-ranked initiatives comes into focus.”
At time of writing, Polkadot is trading at $19.35 with a market cap of $17.5 billion, in accordance with CoinMarketCap. In the meantime, Cosmos is valued at $14.77 however its market cap stands at roughly $3 billion.
The crypto influencer provides that Cosmos’ comparatively small market cap places it able to observe Polkadot’s meteoric rise in 2021 and generate outsized returns to buyers.
“Cosmos has a lot potential. It’s reaching for the celebrities. It’s been on the backend working and constructing whereas different initiatives are reaping rewards. Ultimately, Cosmos will get its flip. I see an enormous run up sooner or later for the ATOM coin. It’s basically at its all-time excessive proper now. However there’s nonetheless a lot extra room for it to go.
I consider Cosmos will see its valuation rise and the worth of ATOM $140 per coin on this bull run.”
Ought to ATOM observe Armstrong’s script, it could possibly doubtlessly ship over 10x beneficial properties earlier than the bull market closes its curtains.
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