Crypto influencer and trader Elliot Wainman reveals his method to find the next hot altcoin gems that can potentially print 100x profits.
In a new video, Wainman tells its 261,000 subscribers that all eyes are on Binance Smart Chain (BSC) right now as crypto traders flee the congested Ethereum blockchain, which is faced with high gas fees making it difficult for smaller traders to access the network to use.
“The story of the day, week, month is of course Binance Coin (BNB) and this is of course the underlying protocol that drives the Binance Smart Chain movement …
Right now, crypto is going viral. The user base is growing like never before, and when that happens, only so many people will need what Binance offers. This is essentially an inexpensive ETH (virtual machine, EVM) compatible environment that allows the amazing developments on Ethereum to be ported to Binance and essentially cheaper and more user friendly. “
During the shift, Wainman says crypto investors should look at the projects and markets that have performed well on the Ethereum blockchain and find their BSC equivalents.
The strategy will allow traders to stay one step ahead of the market and find projects that are about to break out but have not yet gone parabolic.
“If you use this framework to understand what is killing it at Ethereum and what is getting some glances at Binance Smart Chain, this is your key to unlocking the future of profits. And so you can identify gems before they are gems – before they go on their rocket rides. “
Wainman cites the rapid success of BSC-based projects such as the Oracle and Data Retriever Berry Data (BRY) as well as the decentralized credit protocol and the multiplier for bond issuers (MXX) as examples of the “BSC effect”.
Regarding the sectors of the crypto-economy that Wainman is focused on, he notes that decentralized finance (DeFi) and insurance projects based on BSC are likely to perform well when users switch to the cheaper chain.
“Insurance is inevitable here. Just like DeFi needs data, DeFi also needs insurance as there is a lot of scams, bugs and exploits. The threat to this incredible amount of money flowing from smart contract to smart contract is growing and if you really want to unlock billions or trillions of dollars in Total Value Locked (TVL) for DeFi that you need insurance for.
Especially those big funds, these high net worth individuals, and those public companies – they actually have to be insured, and you can’t get that stuff at Allstate. “
Wainman tells his subscribers that any insurance project that shows up for BSC is likely to have a lot of momentum once it’s on the ground because as far as he can tell, there is no head of insurance on this blockchain.
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