CryptoBusy shared a new YouTube video a few hours ago identifying three altcoins to keep an eye on ahead of the next bull market. Filecoin (FIL), Flow (FLOW), and Moonbeam (GLMR) are the cryptocurrencies that were pointed out in this video. These cryptos were chosen because almost all of them are down by more than 90% since their all-time highs (ATH), but despite this, there are still things going for these tokens behind the scenes.
FIL / Tether US 1D (Source: TradingView)
FIL is currently down by 99% since its ATH and is now trading at $5.73, according to CoinMarketCap.. Storage on this blockchain has been an issue, but the project has been working on solutions to this problem like the Filecoin Virtual Machine.
In addition to this, the Filecoin ecosystem has been rapidly expanding since March with hundreds of unique smart contracts. The CryptoBusy team stated that when crypto projects work hazard on developments during a crypto winter, it could spell great things for the token during the next bull market.
FLOW / Tether US 1D (Source: TradingView)
FLOW is down by 98% since it reached its ATH and now trades at $0.9993. What caught the CryptoBusy team’s attention is the fact that FLOW is currently occupying the 8th position on the Coinbase Ventures Portfolio.
This is worth taking note of as these venture capital firms usually do extensive research on projects before betting their money on them. This could mean that Coinbase believes there is some great potential when it comes to FLOW.
GLMR / Tether US 1D (Source: TradingView)
GLMR is also down 99% since its AHT, and is now worth about $0.381. At the moment, Moonbeam is trying to build itself up to be a competitor to Ethereum by extending the base Ethereum feature set with additional features like on-chain governance, staking, and cross-chain integrations. This is yet another project building itself up in preparation for the next bull run.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post FIL, FLOW, And GLMR Are All Preparing For The Next Bull Market appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
