The host of popular crypto analytics and market commentary show Coin Bureau says he is bullish on the future of several altcoins in the aftermath of Terra’s collapse.
According to a recent YouTube update, Coin Bureau host “Guy” says that he believes that the decentralized lending protocol Kava is still in a growth phase. He noted that $KAVA’s recent price drop was likely due to the market pull from Terra’s ($LUNA’s) high-profile collapse, which triggered a massive crypto sell-off.
As reported by The Daily Hodl, Guy said,
Kava has seen some very volatile price action and it’s important to point out that its recent dip was due to Terra’s implosion. For context, all Cosmos-based cryptocurrencies seem to have taken a hit, but luckily for Kava its price is still in a nice long-term uptrend.
Guy noted that Kava was a coin “shooting for the stars” with its upcoming mainnet upgrade launch, which includes support for the Ethereum Virtual Machine.
Guy was also bullish on KCS, the native token of crypto exchange KuCoin. Guy explained that KuCoin’s marketplace was growing in popularity, particularly via the influence of the decentralized KuCoin Community Chain (KCC).
We have KuCoin’s KCS token, which as an exchange token is merged at the hip with the actions of KuCoin’s cryptocurrency exchange.
Guy said KCS would continue to grow as the exchange and Community Chain gain adoption.
Coin Bureau’s host also took time to address Fantom ($FTM), saying that he was still bullish about the project despite the departure of developer Andre Cronje. He revealed that he still holds $FTM due to his belief that the project is greater than “one man.”
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.