A prominent cryptocurrency trader outlined three altcoins he believes could outperform “older generation” digital assets during the ongoing market cycle.
In a new YouTube video, Jason Pizzino tells his 309,000 subscribers that a good guideline for altcoin betting is to avoid losing money on projects from previous cycles.
“If you look at the older stuff, it doesn’t seem to have the adhesive or pumping power it used to. So if you’re looking for something that will give you greater bang for your buck, one easy rule of thumb is to stay away from the old junk. Even though they may pump a little, you have the potential to pump more.
What is that cryptocurrency? There are a lot of them. We can throw in something like Render. It’s had a pretty good uptick. There has been a lot of talk about TIA. There has been a lot of talk about SUI.”
Render (RNDR), which America’s leading cryptocurrency exchange Coinbase just added to its listing roadmap, is a distributed graphics processing unit (GPU) model that aims to support three-dimensional rendering tasks and new 3D applications.
RNDR is trading at $4.38 at the time of this writing. The 49th-largest cryptocurrency asset by market capitalization has fallen more than 4% in the past 24 hours.
Celestia (TIA) is a decentralized network that aims to make it easy for anyone to deploy their own blockchain at minimal cost. TIA is trading at $16.31 at the time of this writing. The 34th-largest cryptocurrency by market capitalization fell more than 8% over the past day.
Sui Network (SUI) is a layer 1 blockchain and competitor to Aptos (APT). The project runs on a delegated proof-of-stake (dPOS) consensus mechanism and aims to provide low latency and high throughput.
SUI is trading at $1.52 at the time of this writing. The 48th-largest cryptocurrency asset by market capitalization is up nearly 1.5% in the last 24 hours.
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