Nik Patel, an altcoin trader, is naming five crypto assets he expects to outperform Bitcoin in the next year.
Patel, the author of “An Altcoin Trader’s Handbook,” highlights their technical developments and offers “tongue-and-cheek” predictions for each, cautioning that in the volatile and risky crypto market, the likelihood that all of his predictions turn out to be true is extremely low.
Here’s an outline of his five picks.
Komodo (KMD) – working on providing end-to-end blockchain infrastructure development solutions
“…Komodo is on the breaking edge of use-cases in the space, having developed a decentralised exchange for atomic swaps (with a mobile app), an adaptable framework for blockchain development that is highly customisable (via Smart Chains) and, of course, privacy, by proxy through Piratechain (a native token to its ecosystem).”
It’s currently trading at $0.6966 — worth nearly $7,600 satoshis. Patel predicts it’ll be at roughly four times its current price by the end of the year.
NKN – a P2P network connectivity protocol and ecosystem powered by a “novel” public blockchain
“I am expecting the strength of the network to continue to grow as the service itself comes to the forefront in 2020.”
It’s currently trading at roughly $0.028, worth more than 300 satoshis. Patel expects that value to jump nearly five-fold relative to Bitcoin by 2021.
V-ID (VIDT) – a subsidiary of WIDIDI, designed to capture the market in file protection and validation
It’s currently trading at $0.086 – worth 935 satoshis. Patel expects it to jump to more than six times that figure in BTC.