Ben from BitBoy Crypto suggests that the current dip in the cryptocurrency market presents an opportunity to invest in altcoins. He highlights three altcoins that he believes offer good prospects: PancakeSwap, Celsius, and Amp. PancakeSwap is a yield farming platform on Binance Smart Chain with a thriving ecosystem and a strong mainnet. Celsius is a healthy ecosystem with fantastic tools enabling users from all walks of life to get started in crypto. Amp is a decentralizer of low-risk asset transfers and a key player in the DeFi space with parabolic gains, having seen a 320% increase since April.
Summer Altcoin Gems to Consider
It’s hot outside, but the markets are cold. You know what that means. It’s time to look at some alts on sale. I’m pulling my top altcoin gems out of the fridge and getting them ready for some smoky gainful goodness. Let’s get it! Welcome to BitBoy Crypto! The home of the BitSquad.
First up is a backyard barbecue favorite. PancakeSwap Barbecue pancakes. Sounds gross. Token Metrics called for some bearish action for CAKE back in the middle of May. Sure enough, it’s been consolidating ever since. The healthy thing to notice with CAKE is that its consolidation level is extremely close to its previous all-time high of $19 from back in February of this year. PancakeSwap isn’t just some wimpy crepe. It’s a hearty flapjack that’ll keep your portfolio full.
Second is the chillest token yet— Celsius. Token Metrics has this as one of the highest-ranked coins for the summer and for good reason. Celsius is a channel favorite not only because it’s the governance token of Celsius.com, but it has seen a steady increase in value since the end of 2020. CEL has now seen over 200% growth since December of 2020. And even today, it’s sitting pretty at $6.50 as of the time of this video.
Lastly, we have Amp, which is a token that me and the researchers have had our eye on for a while. It’s a solid token with laser focus on one thing, collateral smart contracts. Amp likes to say it is the decentralizer of low-risk asset transfers. To sum that up, they’re cutting out the middleman, putting you closer to your money.
So light those burners. Keep the gas on and close the lid on your grill. Keep the fires hot because this is the moment to scoop up some great coins before they’re too hot to handle. Kind of like me. Go ahead and smash that like button and hit subscribe if you haven’t already.