Two Hidden NFT Crypto assets can surge by 20x this cycle.
Jason Pizzino, a crypto analyst, names two non-fungible token (NFT) assets that he believes have the probability to earn traders enormous gains during this bull cycle.
Pizzino outlines the criteria that he used to decide which NFT projects are still worth investing in as the NFT craze goes on.
Pizzino recommended that traders find projects that haven’t already gone parabolic. While the projects like Chiliz (CHZ), which sits under a $3 billion market cap and increased in price by 9,000% this year, can still hypothetically double in price, Pizzino looks for projects that ideally have the room to grow by about 5, 10 or even 20x this NFT hype cycle.
The trader also noted that one has to look at an asset’s diluted market cap and also its current market cap.
For instance, NFT Ecomi (OMI) now has a market cap of $1.9 billion, but if one looks at what its market cap would be if all its tokens were in circulation, it could be sitting at an $8.5 billion valuation which will place it in the top 15 projects by market cap.
Two projects that Pizzino believed have room to grow and have some small diluted market caps are those that crypto trader Josh Rager currently mentioned as well, Gameswap (GSWAP) and Shroom.Finance (SHROOM).
Shroom builds an NFT protocol for minting and swapping non-fungible tokens (NFTs), and its companion platform Gameswap specializes in letting the gamers to trade in-game assets.
Pizzino explains that both projects, even if they reach half the market cap that famous gaming token Enjin (ENJ) already has, can each grow by 15 and 20x.
Particularly, the trader notes that it is “still early days” for Gameswap (GSWAP) is sitting just above a $20 million market cap.
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