Crypto trader and analyst Ivan Liljeqvist is naming three altcoin gems that he believes have the potential to skyrocket next month.
On a new episode of The Moon with Carl Martin, the trader, who is also known as Ivan on Tech, says he’s personally holding PancakeSwap (CAKE), which is a decentralized exchange (DEX) that’s running on Binance Chain.
“I think soon PancakeSwap will be having more volume than Uniswap (UNI) Why is it so? Because on ETH (Ethereum), you have very high fees right now and the reason is because people who use ETH, they normally do big transactions. Look if you’ve done a 10x in your trade on Uniswap, you don’t care if the fee is $10 or $100, even $500 you’re okay with it because you just did a 10x…
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Now Binance Chain, what they do now is that they create this niche, they carve out the niche for the community that does a bit lower