Cryptanalyst named 2 altcoins remaining in the long-term uptrend

Against the background of the crypto market’s attempts to get out of a difficult month for it, a crypto analyst with the nickname Guy shared his opinion about a couple of altcoins

According to him, the Kava cross-chain lending protocol will continue to grow, and the recent fall in the KAVA rate was most likely caused by the collapse of Terra (LUNA):

“The KAVA coin is rapidly gaining momentum in connection with the upcoming launch of the Kava main network update, thanks to which support for the Ethereum virtual machine will be added.

KAVA experienced a very volatile course movement, the cause of which was the collapse of LUNA. Apparently, all cryptocurrencies based on Cosmos have been seriously affected, but the KAVA rate is still in a good long-term uptrend. “

A month ago, the KAVA rate was above $ 5, but on May 11 it fell to $ 1.54, after which it began a slow recovery.

Guy also noted the token of the crypto exchange KuCoin called KCS. In his opinion, the new decentralized KuCoin Community Chain (KCC) increases the attractiveness of the project:

“The KCS token has been completely dependent on the actions of the KuCoin cryptocurrency exchange, but the situation is changing with the introduction of KuCoin Community Chain. The long-term exchange rate movement of the KCS token looks very impressive, and not the last role is played by the growing popularity of KuCoin itself”

Since the low of May 12 at $9.49, the KCS rate has risen to almost $17.

Separately, the analyst reviewed the Fantom smart contract platform (FTM) and he still has an optimistic attitude towards the project, even despite the recent departure of developer Andre Cronje:

“The asset rate reacts positively to the prospect of the proposed changes in the mechanics of FTM and FUSD staking (Fantom USD).

Things haven’t been very good for FTM since André Cronje announced his departure from the project, but I still keep FTM because I think Fantom is more than one person.”

A month ago, the FTM rate was about $ 1.11, but on May 12 it fell to $ 0.25 and has been gradually recovering since then.