Crypto Analyst: These 3 Altcoins Seem ‘Ready To Moon’ As Uniswap V3 Launch Nears

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Recently, crypto analyst and influencer Tyler Swope took a closer look at three altcoins that he believes could explode in the run-up to the launch of Uniswap V3 on the Ethereum mainnet, which is expected to take place on May 5.

In a YouTube video released last Wednesday (April 21), the host of the “Chico Crypto” YouTube channel, shared his thoughts on the following three crypto projects: xToken ($XTK); Visor Finance ($VISR); and Gelato Network.

xToken ($XTK)

xToken “offers simple set-and-forget tokens that provide simplified exposure to the returns from participating in staking protocols.” These tokens are “ERC20 wrapper tokens for staking, governance and liquidity strategies.”

xTokens are non-custodial:

You maintain full custody of your assets. xToken contracts have admin functions to allow for the management of each fund. However, these admin functions are limited and do not exercise control of funds.

Here are the four main benefits of xTokens:

Only pay gas fees when you buy and sell. No week-to-week management of complex positions. No laundry list of micro-transactions to send your CPA. Limited technical expertise required to invest.

Swope had this to say about xToken:

“They tweeted March 31st, ‘We’re excited to announce xU3LP! A convenient, fungible solution to Uniswap v3 liquidity provision. Stay tuned for more updates as we prepare for a launch shortly after Uniswap v3 deployment in May,’ of which Uniswap founder Hayden Adams retweeted.”

Visor Finance ($VISR)

This project offers smart vaults NFTs, with which the user can “liquidity mine on multiple protocols at the same time.”

A ‘Visor’ or a Visor Vault is “an NFT personal vault where you can deposit your assets in order to interact safely with smart contracts and external DeFi protocols.”

This is what the Visor team has to say about Uniswap V3:

Active liquidity provisioning is a very deliberate feature of Uniswap v3. This necessarily allows for active pricing to occur. The ability to choose and continually update price ranges of the Liquidity Position is further extended with our ‘Capital Momentum Gradient (CMG)’ feature.

The CMG allows our phase 2 liquidity mining program, using a Supervisor, to set a buy function of VISR coupled with the incremental upward translation of liquidity range during simultaneous price discovery…

We anticipate our model with active pricing (CMG) will be used by many new liquidity mining programs that want to take advantage of Uniswap v3. We are happy to facilitate this for other projects.

Gelato Network

Gelato “enables everyone to leverage the power of a decentralized network of bots to fully automate the movement of their money between different protocols on Ethereum.” The vision of the team is “to become the backbone of automated smart contract execution on every smart contract platform out there, focused on reliability, decentralization, and developer friendliness.”

Swope says:

Gelato’s v2 was built to complement next-generation protocols like Uniswap v3, which leads to a lot of features open-ended for third parties to build out... Gelato can automate a variety of functions of Uniswap v3, including reinvesting fees back into the pool, converting LP NFTs into wrapped ERC-20s, and automating LP price ranges.

Swope believes that Gelato will launch its own token before the end of Q2 2021.

Featured Image Credit: Photo via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Ирина

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Новость может быть такой с какого верного угла ее показать. Самое главное, что о новости думаете Вы?! Насколько она волнует и интересна Вам.
Мое мнение может отличаться от Вашего. Если Вы не согласны с новостью или статьей напишите мне.
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