The ENCRY Foundation Named Two Cryptocurrencies With 200-400% Upside Potential
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The founder of the ENCRY Foundation, Roman Nekrasov, told which altcoins, in his opinion, could explode in the near future. He has two favorites in the market: NEAR Protocol and Cosmos (ATOM).
The NEAR Protocol is a platform for smart contracts. Open source, high throughput, focus on decentralized applications and security, there is quite profitable staking, and it is on the way to DAO.
Nekrasov says that at the beginning of the year, The NEAR Protocol raised $150 million, the other day they raised another $300 million. And these were not some shady investments from some pocket investment funds, but rather well-known venture funds - Tiger Global, Dragonfly Capital, FTX Ventures, etc.
The price of the NEAR token is growing rapidly, but Roman Nekrasov thinks that the platform is still far from reaching its full potential, because the collective governance mechanism has not yet been fully transferred into the hands of users. So, right now we see only the very initial stage of the development of this Protocol.
If NEAR manages to realize its idea, then the coin rate can grow by 3-5 times, says Nekrasov.
Cosmos is a Digital Ecosystem for interoperability. Nekrasov thinks that Cosmos is a more successful competitor to the well-known Polkadot.
There are already working products on Cosmos, for example, BSC, which shows a good growth in liquidity inflow. The more successful forks are created in Cosmos HUB, the more liquidity the ecosystem will receive and the higher the price of ATOM will be. Nekrasov thinks that there is also a 3-5 times growth potential here.
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However, there are risks of a negative scenario with a depreciation, which is possible in two cases.
The first is associated with a general decline in the crypto market, which is still very likely this year, according to Nekrasov. If Bitcoin goes down, most other cryptocurrencies will also go down, some will fall stronger, some weaker, but the general trend will be negative.
The second condition for the price to fall is the discovery of serious technical vulnerabilities, which will jeopardize the safety of liquidity that NEAR and ATOM can receive.
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