Crypto trader and analyst Tyler Swope breaks off his fundamental analysis of three crypto projects the market may sell short.
In its most recent livestream event, Swope announced to its 220,000 subscribers that the Decentralized Finance Project (Compound, COMP) is on the verge of breaking news that it will migrate to the Polkadot (DOT) substrate ecosystem and that it is Release of its new product Gateway.
Says the compound team about the new product,
“Gateway is a substrate blockchain managed by COMP token holders on Ethereum. Gateway is fully upgradeable from the start. Governance can update the blockchain directly by voting on code upgrades with no forks or downtime. “
Swope also notes that Compound CEO and Founder Robert Leshner recently spoke to the Federal Reserve about DeFi, and specifically the Compound mission.
“The CEO and Founder of Compound… just said last week, ‘Today I had the opportunity to introduce Compound and DeFi to the Federal Reserve staff. ‘Connection is bullish. “
The next undervalued token on the influencer’s list is one they talked about earlier, the Energy Web Token (EWT).
According to Swope, EWT is drastically undervalued, partly because the team is more focused on developing its product than on the price of its token. The analyst says he’s a fan of this strategy, but also notes that the team’s mid-term roadmap suggests some bullish upgrades will be implemented that could have a positive impact on the price of the EWT asset.
“I love Energy Web. I know what will happen to it. It’s changing the energy game … lots and lots of pilot programs running. Unfortunately, the team is focused on not necessarily figuring out the token price, which I think is good … but it just gives you time to pile up in my opinion.
But why do I think it’s a choice [should be] is on the way up [that the team is] I’m starting to focus on tokenomics and things like that. I am always optimistic about EWT. “
Swope adds that its blockchain contains a number of validation nodes operated by high profile companies like Acciona and the PTT Group.
Perpetual Protocol (PERP) is third on Swope’s list. The decentralized perpetual contract product is one of many in the trader’s bucket of investments, but he notes that it has the strongest fundamentals of the bundle.
“They put out a product and it comes out fundamentally in large quantities … I deal with the basics every time … Perpetual is a decentralized perpetual contract for various assets … They want to switch to gold assets, synthetic assets, but they’re only into that Crypto asset phase at the moment. “
Swope notes that of the cryptocurrency derivatives exchanges, Perpetual has the highest volume of any decentralized derivative exchange, hitting $ 80 million in volume in 24 hours. Swope, ranked # 213 on the top assets by market cap, says Perpetual has plenty of room for growth.
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