A professional trader has named in a new video five altcoins that he currently accumulates and considers promising: Orion (ORN), Algorand (ALGO), Kava (KAVA), Cosmos (ATOM) and Chainlink (LINK). We present the trader’s analysis saying: What coins are these?

Orion Protocol (ORN)

Professional trader Michaël van de Poppe dedicates a new video to five altcoins he is currently watching. For example, Van de Poppe accumulates Orion Protocol (ORN), a liquidity aggregator protocol. According to the Dutchman, the low-capitalized altcoin is holding up well in the midst of the recent market downturn: Orion is not collapsing during high volatility, but is proving strength. Among other things, ORN (here to the stock exchange) is at the top of his list. analyst:

“If we look at the price action, we can see that Orion has made a very nice upward move during the last part of the year, even during the last old season, and now we can see that we are making higher highs and higher lows.”

For Poppe a good buying opportunity. But what is ORN?

The Orion protocol was developed with the aim of combining the liquidity of various crypto exchanges into a single decentralized platform. The platform is therefore intended to become the one-stop shop for the entire crypto market. ORN was founded in 2018, then launched in 2020.

Onion wants to solve the difficulties that can arise in transactions due to a lack of liquidity. This problem exists in both centralized and decentralized exchanges. Orion’s solution: to combine the order books of the exchanges in an easy-to-use and understandable interface.

The Orion protocol virtually collects the liquidity offered on multiple crypto exchanges and presents it in a single universal API. The API combines several order books and summarizes user-friendly. Thus, Orion Protocol aims to minimize the risks associated with the use of multiple exchanges and help users get the best returns from their investments.

In addition, the Orion protocol provides a decentralized application (dApps) marketplace and portfolio management application. This allows users, for example, to monitor and record their activities across the exchanges or to be notified (alarm function).

Algorand (ALGO)

As the second important coin, the analyst leads the cryptocurrency Algorand (ALGO). Van de Poppe explains: ALGO has been able to keep the 100 – and 200-day moving averages safe and has also hit higher lows in its BTC (ALGO/BTC) pair. But what is ALGO (here-buy now Capital.com)?

Algorand is a decentralized Blockchain network that supports a wide range of applications. Algorand developed Turing Award winner and CO-professor Silvio Micali. The Algorand mainnet went live in June 2019 and is reported to have processed nearly 1 million transactions per day in December 2020. According to the developers, Algorand’s transaction throughput is on par with large payment and financial networks, providing instant finality of the transaction. The network reportedly offers a performance of more than 1000 transactions per second and a latency of less than 5 seconds.

According to the official homepage, hundreds of organizations are currently building on Algorand-fintechs – startups, financial service providers, institutions and defi companies. Among them, for example, Circle, IDEX or Chainalysis. According to the white paper, Algorand’s main mission is to optimize blockchain technology so that it can be used to give people around the world access to financial systems.

In April, one of the leading companies in the field of transparency and traceability of CO2 emissions is Algorand also entered into a partnership with climate trade.

Silvio Micali, founder of Algorand:

“Algorand is currently seeing accelerated adoption and expansion of its network. During this period of hypergrowth, it is crucial for us to work at a carbon negative level. After all, sustainable growth is many times better than normal growth.“

And:

“We understand that the methods of measuring the environmental impact of a global, decentralized and widely distributed blockchain are differentiated and complex. That’s why we’ve teamed up with ClimateTrade to continue and redouble our environmentally conscious efforts.“

Kava (KAVA)

Number 3 on Van de Poppe’s accumulation list is the DeFi Financial Protocol Kava (KAVA). That, according to the analyst, is also trading above the 100 – and 200-day moving averages in the BTC pair (KAVA/BTC).

Kava is a cross-blockchain DeFi lending platform. On Kava users can borrow, by including collateral in exchange for the USDX. USDX is a stablecoin pegged to the US dollar. The Kava Protocol is based on Cosmos and uses the Zones Feature of the Ecosystem, in order to provide support for cryptocurrencies on different blockchains.

Kava (here to the exchange) wants to give users access to a wider variety of crypto assets and become the leading DeFi lending protocol through its decentralized lending capabilities and the USDX stablecoin.

The native governance token and staking asset for the Kava protocol is the Kava token (KAVA). The holders of the token are responsible for the governance of the protocol. For example, you vote on smart contract proposals and secure the network.

In principle, the Kava protocol works similarly to a bank. Users can deposit their assets, receive interest or, if desired, loans.

For traditional financial institutions, these services are only available after lengthy registration processes, rigorous credit checks and compliance with KYC (Know – Your-Customer) and AML (Anti-Money Laundering) regulations. With Kava, due to the decentralized nature of the protocol, users only need to provide their wallet address and any supported cryptocurrency to use similar services.

For example, to obtain a USDX loan, users can go to Kava.io include a supported crypto security in the Kava smart contract. Kava currently offers support for BTC, BNB, BUSD, XRP, KAVA and HARD as collateral. The amount of the generated credit depends on the amount of collateral included and on the degree of collateralization of the selected collateral.

Cosmos (ATOM)

According to Poppe, the scalable blockchain network Cosmos (ATOM) also seems bullish. According to the analyst, there may soon be a large wave of momentum in the Bitcoin pair (ATOM/BTC) here, since ATOM has been in an accumulation phase for some time.

Cosmos wants to solve some of the “most difficult problems” in the blockchain industry, according to the developers. ATOM relies on an ecosystem of connected blockchains to provide an alternative to “slow, expensive, non-scalable and polluting” proof-of-work protocols. The Cosmos network consists of numerous independent blockchains running in parallel. These are called “zones” at ATOM and are each driven by classical consensus protocols such as tendermint. Some zones act as hubs for other zones. This means that many zones can work together via a common hub. Cosmos (can be used on Capital.com can be purchased) thus has the ability to interact with other cryptocurrencies and applications. Users can create a new zone, connect any blockchain system to the Cosmos hub, and then move tokens back and forth between zones.

Chainlink (LINK)

The last Coin on Van de Poppe’s June list is the Top 20 project Chainlink. Here, the analyst also observes the Bitcoin pair (LINK / BTC). According to Poppe, LINK is apparently in a good buying zone.

Chainlink is also about the interoperability of different blockchains: LINK (can be purchased at eToro) enables universally connected smart contracts. Through a so-called oracle network, Chainlink blockchains offers the possibility to interact in a secure way with external data feeds, events and payment methods.

The project works with numerous trusted partners and is considered one of the main players in the field of off-chain data integration. Data providers can sell access to your data directly to Chainlink, monetizing the information available.

Top Brokers for buying and trading cryptocurrencies

  • Buy Real Bitcoin or Bitcoin CFDs
  • Wallet and Exchange in one
  • 14 + Cryptos
  • EU regulated
  • Over 40 cryptos on offer
  • Fees rather in the midfield

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.