Altcoin Investing Pick: the Zapier of Blockchains
Hey everyone,
it’s Pick Day!
Every Saturday, you get deep dives on quality Altcoin projects that have numerous growth potential included in our watchlist.
Before we get started, I have something to share with you today:
#1. BENQI did the job!
Remember two weeks ago?
We shared a small bet with you: BENQI.
Well, we since then, BENQI is up 76% 📈
If you’re a premium subscriber, check out our last week bets. If you followed our latest tactical trades, you might want to cash out.
The Zapier of Blockchains
That’s what we call our next pick.
All blockchains have their limitations. For Ethereum to scale and keep up with demand, it has required rollups. Alternatively, L1s like Solana and Avalanche are designed differently to enable higher throughput but at the cost of decentralization.
However, all blockchains develop in isolated environments and have different rules and consensus mechanisms. This means they cannot natively communicate, and tokens cannot move freely between blockchains.
Bridges can solve this problem.
Bridges exist to connect blockchains, allowing the transfer of information and tokens between them.
Building the best secure cross-chain communications network
Our next pick is a cross-chain liquidity network that is trying to become the most widely-used method to move assets cross-chain, offering low cost, fast, and secure bridging.
It allows users to seamlessly transfer assets across these blockchains:
The company has a Total Value Locked of $106.25M and it has generated almost 4 millions in fee in the last 365 days.
Its current price is $0.4899 with a maximum peak of $4.92 on October 2021.
The company’s vision aims to allow developers to build truly native cross-chain apps.
Now let’s tell you which project we are talking about and share the full investment case with you: