dailyhodl.com
Popular crypto trader Kevin Svenson thinks one exchange altcoin will surge up more than 50 spots in the market cap rankings over the course of the next bull run.
In a new tweet, Svenson tells his 99,200 followers that KuCoin Token (KCS) will follow in the footsteps of Binance Coin (BNB) and Cronos (CRO), evolving from the 76th-largest crypto asset by market cap into a top-25 token.
“KuCoin Token was one of the strongest assets during the entire downtrend since November 2021. It went up against BTC and held its value… so just imagine what KCS will do in a bull.”
KuCoin is an exchange-specific token built on the Ethereum (ETH) blockchain. KCS, KuCoin’s native token, is used to incentivize participation on the network by reducing trading fees and rewarding holders.
KuCoin is trading at $21.72 at time of writing and is up nearly 19% in the past seven days.
Moving forward, Svenson thinks it will be the top-performing altcoin among all crypto assets currently in the top-100 market cap rankings.
Earlier this month, the analyst called a price jump for the layer-2 protocol Loopring (LRC).
LRC’s price increase coincided with Loopring announcing the beta version of GameStop’s new non-fungible token (NFT) platform built on its blockchain was live for early sign-ups and fund deposits.