Crypto News- According to insights shared by an analyst at Discover Crypto, the prospects for Algorand (ALGO), Cosmos (ATOM), Decentraland (MANA), and Coti (COTI) seem promising if Binance resolves its issues with the U.S. Securities and Exchange Commission (SEC). These coins were part of a list of ten cryptocurrencies flagged by the SEC for allegedly trading unregistered securities in connection with Binance.
Binance and SEC Showdown: 4 Altcoins Ready to Skyrocket Upon Resolution
Delving into ALGO, the analyst pointed out potential upward movement for the altcoin. However, a cautious note was sounded, advising investors to await a possible pullback before considering entry. Fundamentally, ALGO has garnered attention through multiple partnerships with companies in India.
ATOM caught the analyst’s eye due to its robust airdrop ecosystem. Anticipating increased interest from new investors during the bull market, especially as awareness grows about airdrops, the analyst foresees ATOM possibly delivering an 8X return for investors, fueled by a series of planned airdrops for stakers in the upcoming months.
MANA, the gaming token, is speculated to offer a 10X return, according to the analyst’s latest YouTube video. Rumors surrounding a potential partnership between Decentraland and Apple have fueled interest, irrespective of their validity. The analyst noted a surge in MANA’s development activity coinciding with these rumors and cautioned about a potential strong pullback in the gaming token sector.
Lastly, COTI stands out with a bullish outlook, primarily due to its backing by prominent figures in the Cardano (ADA) ecosystem, as highlighted by the analyst. This endorsement contributes to the positive sentiment surrounding COTI in the analyst’s assessment.
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