Crypto influencer and trader Elliot Wainman names seven small-cap altcoins that he believes will break out in the booming DeFi (decentralized finance) sector.
Wainman tells its 187,000 YouTube subscribers that it sees a lot of upside in the decentralized API service protocol and in Chainlink (LINK) competitor API3.
“Given that API3 were the leading Chainlink knot runners and really know the issues with Chainlink. tape [Protocol] is interesting, but it’s not necessarily a V2 on Chainlink in any meaningful way and for that reason of all of these … my big, big pockets are in API3 [and] Chain link. “
Another coin on Wainman’s radar is DeFi on-chain liquidity insurer KeeperDAO (ROOK).
“Then we have another DeFi segment that I have a great passion for, namely KeeperDAO’s ROOK. This has to do with the so-called Miner Extractable Value or MEV. ROOK is a really interesting first mover …
The reason ROOK is showing up is because it’s a phenomenal project and I think it’s going to be a really, really big boom because it’s near the end of its issuance phase. The new dismantling of ROOK is discontinued. You won’t be able to get new ROOK for free all the time and essentially get them to market. ”
The next coin on Wainman’s list is a protocol designed to boost Ethereum miners’ earnings: Archer DAO (ARCH)
“It does similar things to ROOK, not a direct competitor, but similar things to help miners get more value and deal with the mempool, the transaction writing process in Ethereum. Both will do incredibly well. ”
In fourth place is the data protection-oriented Smart Contract Protocol Phala Network (PHA).
“I can only say that I was optimistic [Phala Network] for a while. I think it will go higher. I don’t want to make a price prediction for Phala, but higher. “
In fifth place is RAMP, a cross-chain liquidity and stake farming protocol.
“I am very optimistic about RAMP. I think RAMP is going to do some really great things and bring liquidity to Ethereum from other layers through their rUSD imprint. I think there’s a huge through line for that, especially with a $ 27 million market cap. It’s not too high in this bull run. That’s pretty low … so it makes a 5x [or] 10x from here wouldn’t surprise me. “
Wainman says he’s also keeping an eye on Stafi (FIS), which is heralding itself as “the first DeFi protocol to unlock the liquidity of staked assets”.
“Another project that I actually think a decent amount of that I think is pretty similar is Stafi. They also release liquidity from other chains. They have an idea similar to RAMP.
Stafi stands for staking finance. They allow you to unlock the liquidity of the set assets. It’s similar to RAMP where you put on a chain and unlock that liquidity, but they act a bit differently with tokens wrapped in instead of the RAMP model. ”
The last coin on the list of crypto influencers is prediction markets and Augur (REP) competitor Prosper (PROS).
“You actually do more than Augur. Augur has a market cap of $ 120 million. Prosper makes tens of thousands of dollars on his DAO treasury as a tiny little microcap. Their market cap is only a few hundred thousand and they made $ 65,000 in the first week … Prosper is interesting. I don’t want to overdo it. ”
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