Popular crypto trader and market analyst Elliot Wainman featured four little known altcoins that he says have the potential for massive growth.\u00a0<\/p>\n
In a recent YouTube update, spotted by Daily Hodl, Wainman told his subscribers he has a knack for finding \u201cgem\u201d altcoins by focusing on low cap projects that have substantial upside.\u00a0<\/p>\n
Wainman highlighted Bridge Mutual as a project for investors to keep an eye on, with the launch of the BMI token on the near horizon. The trader called Bridge Mutual a transparent and decentralized application for insurance that could take on entrenched financial institutions. <\/p>\n
However, Wainman warned followers the BMI launch could be made chaotic by high-frequency trading bots.\u00a0<\/p>\n
He said,\u00a0<\/p>\n
Bridge is going to start at a really low market cap. It might get attacked and botted and pumped right off the bat, I don\u2019t really know what\u2019s going to happen. It\u2019ll probably be absolute madness at the beginning here but it\u2019s one that I can see growing at least for the first month or so as it\u2019s growing and achieving some market structure.<\/p>\n
Wainman also featured the yet-to-be-launched project Hopr, which seeks to find a balance between user privacy and market regulations.<\/p>\n
He continued,\u00a0<\/p>\n
They allow for more anonymizing of data on the blockchain even though their particular coin is not an anonymous privacy coin. And I think that set up makes a lot of sense because it\u2019s a service that people want but a privacy coins is going to probably rub the regulators pretty wrong<\/p>\n
Wainman was high on the outlook for Dapper Labs\u2019 Flow (FLOW), calling it a developer-friendly blockchain that seeks to create a base layer for next-generation games and applications.\u00a0<\/p>\n
The crypto trader rounded out his selection with the DeFi project Klondike Finance (KLON), which has the potential to be another yield farming asset hit.\u00a0<\/p>\n
He said,\u00a0<\/p>\n
You can actually just farm and earn KLON tokens and there\u2019s not really a big risk to you. I\u2019m not telling you guys to buy KLON or that it\u2019s going to go up\u2026 DeFi is about farming at its core.<\/p>\n