Investor and trader Tyler Swope has just got Disclosure Top Altcoins as the volatility is messing up the crypto market as a whole.

In a new video, Swope says his number one altcoin is the OlympusDAO (OHM) decentralized reserve.

“In a short period of time, it has become one of the most diversified, no-protocol token treasuries in cryptocurrencies … OHM buyers are encouraged to HODL and staking due to its massive annualized yield giant (APY). Currently over 7,300%!

Olympus has started a DeFi revolution as the number of forks generated in the protocol shows … Olympus is the most bifurcated protocol of the year and its code-based fork is reaching a level where only three projects are expected: Bitcoin, Ethereum and Uniswap projects . This confirms that Olympus has created something special. ”

Olympus also caught the attention of famous investor Mark Cuban. He bought and stuck OHM in July.

OHM price table | Source: CoinMarketCap

At the time of writing, OHM is up nearly 1% on the day and is trading at $ 729.32.

Next on Swope’s list is REN, an open protocol that provides cross-blockchain liquidity access for decentralized applications (DApps). REN is an Ethereum-based token that supports a protocol that enables the transfer of cryptocurrencies between different blockchains.

“This token has been dropping in price lately and I think it will go up … I have a feeling that REN will return to the top 100 and potentially regain its March rankings or move higher. Why? REN has announced that host-to-host (H2H) is coming to its minutes. ”

REN ecosystem supporter Maximilian Roszko has tweet:

“H2H means that RenVM will be able to link native coins and tokens between the supported chains, becoming a fully scalable bridge … crypto space, up to thousands of tokens. Massive interoperability is coming. ”

REN 4-Hour Price Chart | Source: Tradingview

The REN price is currently at $ 0.9, down nearly 3% from the day.

To conclude the analysis, Tyler looks at Energy Web Chain (EWT), an enterprise-class blockchain platform designed to meet the logistics needs of the energy industry. The platform’s native EWT token offers network security and validation rewards.

Tyler highlights two positive catalysts for EWT.

“Energy Web recently updated the Validator’s Code of Conduct to include a section on profiteering …

Greed for profit is defined as validators who liquidate more than 10% of their block reward balance in a certain period of 30 days. ”

With the new code, Energy Web will no longer have a predatory validator. They dumped a lot when the price went up.

You should also know that one big thing is coming to the Energy Web later this year: staking. Last week they announced a phase of increased incentives for early stakers with an APY of over 21%. ”

EWT 4-Hour Price Chart | Source: Tradingview

EWT price is down nearly 3% on the day and was trading at $ 9.3 at press time.

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Minh Anh

According to Dailyhodl

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