Popular crypto analyst Coin Bureau told traders he\u2019s following one bullish-looking small market capitalization altcoin.\u00a0<\/p>\n
In a recent YouTube update, Coin Bureau claimed the little-known altcoin Litentry (LIT) was looking bullish, claiming the identity aggregation protocol had remarkable growth potential. <\/p>\n
Coin Bureau explained his method for hunting altcoin gems, including factors such as solving a pressing problem and being first-to-market in a particular sector. The trader called litentry one of the most \u201cpromising projects that I\u2019ve recently found,\u201d noting it met all of his gem requirements.\u00a0<\/p>\n
The protocol, built on the Substrate blockchain, is designed to execute \u201cdecentralized identifier (DID) aggregation\u201d, verification, and credit calculation.\u00a0<\/p>\n
Coin Bureau continued:<\/p>\n
What really drew me to Litentry was the problem that they\u2019re solving in the decentralized finance (DeFi) space. I had not seen or heard about a project that was offering similar identity-based verifications in any ecosystem.<\/p>\n
Bureau said the project was aiming to verify the unique identity of wallet addresses, a key feature he claimed was missing in most DeFi projects.\u00a0<\/p>\n
He was also bullish on the coin\u2019s launch on polkadot.\u00a0<\/p>\n
He said:<\/p>\n
You have to consider that it\u2019s a project that will be launched as a parachain on Polkadot. You only have to take a look at some of the excitement around Polkadot-based projects to get a sense of how much untapped demand there is here.<\/p>\n