Crypto dealer and influencer Ben Armstrong has up to date followers on the following ethereum-based altcoin he thinks will flip buyers into millionaires.
In a current YouTube video titled “Finest Coin to Make You A Millionaire in 2021,” Armstrong mentioned his cash was on decentralized exchanges (DEX) to proceed exponential development all year long.
The demand for DEXs is rising exponentially with DEX buying and selling quantity reportedly rising by 70% in the midst of 2020, setting a current all-time excessive of $1.52 billion.
Armstrong highlighted the altcoin injective protocol (INJ) as an altcoin he believes will profit from the growth in DEX exercise.
Backed by Binance, Injective Protocol is a totally decentralized layer-two protocol that enables for cross-chain derivatives buying and selling. Injective Protocol goals to offer all of the options of a centralized alternate on a DEX with concentrate on velocity, safety, and liquidity.
In accordance with Armstrong, the protocol’s interoperability options will permit customers to commerce a wide range of crypto-assets throughout a number of blockchains. The favored dealer was additionally excited concerning the means for customers to stake INJ, obtain rewards, and vote on governance proposals.
Armstrong predicted the venture may skyrocket to $100 per token sooner or later, representing a value enhance of over 500 p.c.
So the place do I see the value of INJ going from right here? Effectively, Injective Protocol has completely crushed it since launch. I don’t see that stopping. I consider $100 per token is certainly within the playing cards sooner or later.
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The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.