Famous crypto currency analyst and trader Jason Pizzino stated that newer altcoins, as opposed to those he refers to as “old generation,” could rally to higher price levels in the ongoing market cycle. The analyst shared three altcoins he expects to rise with this anticipation.
“Stay Away from Old Generation Altcoins”
Crypto currency analyst and trader Jason Pizzino told his followers in his latest YouTube video that a good guide to betting on altcoins is to avoid investing in projects from previous cycles. The analyst commented:
When you look at old style products, you see they no longer have the sticky power or the power to rally they once had. Therefore, if you are looking for something that will provide you with bigger gains, there’s an easy rule: stay away from most old assets. Even though some may rally, you should prefer those with more potential to rally.
So, which altcoins are these? Believe me, there are many. Assets like Render (RNDR) can be cited as examples, which have had quite good upward movements. We’ve talked a lot about Celestia (TIA) as well as Sui Network (SUI).
Current Status of RNDR, TIA, and SUI Pointed Out by the Analyst
Render, which was recently added to the listing roadmap of Coinbase, the largest crypto currency exchange based in the USA, is a decentralized Graphics Processing Unit (GPU) model that aims to assist with three-dimensional rendering tasks and emerging three-dimensional applications. The native asset of the Render network, RNDR, was trading at $4.75, up 2.54% in the last 24 hours at the time this article was prepared. Celestia is a decentralized network that aims to allow anyone to easily and cost-effectively deploy their own Blockchain. The native asset of Celestia, TIA, was trading at $17.36, up 3.80% in the last 24 hours at the time of writing.
Sui Network, a Layer 1 Blockchain network seen as a competitor to Apatos’ (APT), operates on a delegated Proof of Stake (dPOS) consensus mechanism and aims to provide low latency and high throughput. The native asset of Sui Network, SUI, was trading at $1.47, up 0.96% in the last 24 hours at the time this article was prepared.
