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Analyst CryptoBusy uploaded a video to YouTube yesterday wherein they discussed three altcoins that billion dollar firms and funds are backing. According to the video, Audius (AUDIO), Band Protocol (BAND), and Oasis Network (ROSE) could be potential gems heading into the next bull market.
Audius (AUDIO)
Audius is a decentralized music streaming protocol that has recently migrated to the Solana (SOL) blockchain network. One of the biggest backers of the project is Binance Labs, which is the investment arm of the mammoth crypto exchange, Binance.
At press time, the price of AUDIO is up 3.40% after a recent 24-hour gain according to CoinMarketCap. Currently, AUDIO’s price stands at $0.2865. It has also strengthened against Bitcoin (BTC) by 1.64%. However, it was unable to do the same with the leading altcoin, and is down 1.47% against Ethereum (ETH).
Band Protocol (BAND)
Band Protocol is a cross-chain oracle data platform that connects real-world API data with decentralized smart contracts. According to CryptoBusy, this altcoin is a gem with the potential of achieving 10 to 15 times gains for investors.
Sequoia Capital Fund and The Spartan Group are two of the multi-million dollar firms that have invested in this altcoin. BAND’s price rose 2.61% over the last 24 hours to take it up to $1.85 at press time.
Oasis Network (ROSE)
Oasis Network is a privacy-enabled and scalable layer 1 network which aims to introduce to the market a blockchain network with a very high throughput and competitively low fees. This altcoin has the potential to generate 10 times returns for investors and is listed on several exchange platforms, claims the analyst. Similar to AUDIO, Binance backs this altcoin.
ROSE’s price is currently up 6.65% in the last 24 hours. The crypto has also strengthened against Bitcoin (BTC) and Ethereum (ETH) by 5.01% and 1.82% respectively. As a result, the altcoin’s price stands at $0.06294.
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