Earlier this week, crypto analyst and influencer Ben Armstrong looked at five “cheap” (under a penny) altcoins that offer potential for “huge gains.”
Armstrong discussed his five picks in a video released on his very popular YouTube channel “BitBoy Crypto“.
Armstrong started with blockchain-based point-of-sale protocol Pundi X (NPXS). Despite its current small price, Armstrong said that recent developments could lead to another all-time high.
NPXS has recently announced staking and a token burn to reduce their supply. For a coin with 236 billion tokens, that should help carry this project through a massive altcoin season.
The popular trader also highlighted Holochain (HOT), “a scalable, agent-centric distributed computing platform”, saying the technology could take the token price higher. Armstrong said Holochain was pushing the boundaries of blockchain technology and decentralization.
Armstrong also told followers to keep an eye on the peer-to-peer file-sharing network BitTorrent (BTT). He noted the coin’s growing popularity on social media platform TikTok and said the uptick in interest could lead to a price breakout:
[BitTorrent] launched with fireworks, only to later out sizzle into obscurity. But a recent price surge has brought new life to BitTorrent. But is there more to this than at first glance? Well, the rumor is that TikTok is now pumping BitTorrent similarly to what we saw with Dogecoin recently.
Armstrong rounded out his top five with Harmony (ONE), “a sharding protocol with a trustless Ethereum bridge and VeChain (VET), which is a blockchain-powered platform focused on supply chain management.
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.
Source: Read Full Article