LadyofCrypto suggests altcoins and projects to watch
LadyofCrypto, a well-known crypto influencer on Twitter, published a list of cryptocurrencies on her radar, including new and future projects, which she believes are bullish for 2023.
This comes as cryptocurrency markets are working to recover from the collapses throughout the last few weeks.
As a passionate trader, she targeted numerous markets with her presentations, including perp DEX, gaming, Real World Assets (RWA), liquidity-staking derivatives (LSDs), and finally, the layer one and two scaling solutions.
Notably, perp DEX is an example of a decentralized exchange that enables trading perpetual futures contracts. This means that the futures contracts exchanged on the exchange do not have an expiry date. Veax, Narwhal Finance, Spin, GMX, and Gains Network were some companies LadyofCrypto cited in this category.
The trader also advices on watching various layer 1 and 2 initiatives, such as the newly introduced Arbitrum network, the soon-to-be-introduced zkSync, SeiNetwork, StarkWare, VenomFoundation, and SuiNetwork, among others.
In addition, LadyofCrypto asserts that she is actively looking for further initiatives that include real-world assets, tokens backed by physical assets, and liquidity-staking derivatives to incorporate into her portfolio.
In the meanwhile, she highlighted less popular initiatives for gaming and gambling, such as VulcanForged (PYR), Fusionist (TFO), Ultra (UOS), and WINRProtocol (WINR).
Recent altcoin action
Over the previous week, the cryptocurrency market saw a loss of over $100 billion due to the retracement of famous currencies, including bitcoin (BTC), ethereum (ETH), and binance coin (BNB).
BTC had dropped over $3,000 since last week, when it traded for more than $30,000 for the first time this year, and is presently trading at the $27,000 level.
Similarly, the price of ETH has dropped below the $2,000 mark after seeing a value reduction of over 13% over the last week. Among the significant cryptocurrencies, polygon (MATIC) and solana (SOL) sustained the most damage recording weekly losses of over 16%.
The global market cap had also decreased by over 1% as of press time, representing the bear activity currently witnessed on the markets.