- Analysts watch Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR) in their hunt for the next 1000x altcoin.
- In the ongoing bear market as Bitcoin price trend remains undecided, analysts have identified key trends in altcoins that have bullish potential.
- The hunt for the next 1000x altcoin is on as Bitcoin, Ethereum and top altcoins struggle to sustain their profits for holders.
Analysts on crypto Twitter are looking for the next 1000x altcoin and evaluating hordes of DeFi tokens and altcoins. Based on their bullish potential, analysts have picked Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR).
Also read: Shiba Inu whales scoop up 256 billion SHIB as price witnesses trend reversal
Top three altcoins with maximum bullish potential
Based on their weekly returns and future bullish potential, Quant (QNT), Ethereum Name Service (ENS) and Maker (MKR) have emerged as the top three altcoins. Quant (QNT) is an Ethereum token used to power Quant Network’s Overledger brand of enterprise software solutions. This firm aims to connect public blockchains and private networks.
Overledger was designed to act as a gateway for any blockchain-based project to access and connect with other blockchains. QNT has yielded 77.5% returns for holders over the past thirty days and nearly 6% gains overnight.
Ethereum Name Service (ENS), a distributed, open and extensible naming system based on the Ethereum blockchain. ENS maps human-readable names like abc.eth to machine-readable identifiers.
ENS yielded 36.5% gains for holders over the past thirty days, in the ongoing bear market. Despite drawbacks in top cryptocurrencies like Bitcoin, Ethereum and Ripple, ENS has yielded double-digit profits for holders.
Maker (MKR), a smart contract platform built on the Ethereum blockchain aims to solve volatility issues for crypto. MKR is a next-generation blockchain banking system and it enables fast international payments and peer-to-peer transactions.
MKR has yielded 47.5% gains in the past thirty days. Offering nearly 50% gains in the past thirty days has pushed MKR to the top of the list of altcoins that offer massive returns to holders in a bear market.
Bitcoin’s price trend has remained undecided as the asset sustains above the $19,000 level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.