Blaze Token Founder Reveals His Top 3 Altcoins

Levi Rietveld, popular crypto entrepreneur and founder of Blaze Token (BLZE), revealed his top three crypto projects, including HBAR, XRP, and KASPA.

The Blaze Token founder joined other members of the crypto community to highlight his top three favorite crypto projects, which he believes have strong growth prospects.

Specifically, the three most preferred crypto projects on Rietveld’s list include Hedera Hashgraph (HBAR), XRP (XRP), and Kaspa Network (KASPA). The list only features Rietveld’s top three favorite crypto projects and does not serve as investment advice.

Hedera Hashgraph (HBAR)

Topping the list is Hedera Hashgraph (HBAR). This crypto project offers a decentralized public network where developers can create powerful, fast, and secure decentralized applications (dApps).

The project’s founders raised funds for its development by conducting an initial coin offering (ICO) for its native token HBAR in August 2018. Following the ICO, the team granted the public access to the mainnet of the network in September 2019.

HBAR is currently ranked as the 26th largest cryptocurrency, with a market capitalization of $3.96 billion. The token reached an all-time high of $0.57 in September 2021. Since then, the price of HBAR has plunged 80.64%, as one unit of the token changes hands at $0.11.

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The token is up 29.3% year-to-date (YTD) and up 104.32% over the past year. Meanwhile, Changelly experts don’t think to wait for HBAR will record a new ATH until February 2029, when its price could reach $0.57.

XRP (XRP)

Notably, Rietveld highlighted XRP as his second favorite crypto project. XRP is the native token of the popular open source decentralized blockchain XRP Ledger (XRPL). Since its launch in 2013, XRP has been affiliated with Ripple and integrated into the company’s payment solution.

Notably, XRP is fully integrated with ODL (now Ripple Payment), allowing users to use the coin as a bridging asset between two fiats for faster and cheaper cross-border remittances.

The coin is currently embroiled in a legal battle between the SEC and Ripple. This lawsuit had a significant impact on XRP’s performance during the 2020/2021 bull season.

Unlike other crypto assets, XRP was unable to record a new ATH in 2021 due to the lawsuit. XRP’s previous all-time high of $3.84 was recorded in January 2018.

At the current exchange rate of $0.5176, XRP has plunged 86.5% from the ATH. Nonetheless, crypto market watchers expect XRP to embark on a major price rally this bull season, with its price projected to reach $5.2 in this bull market.

These analysts are confident in their predictions because the coin is now legally clear in the United States. Additionally, the SEC vs. Ripple lawsuit, which cast a dark cloud over the coin’s performance, is fast-moving. nearing its end. At press time, XRP was ranked as the seventh largest cryptocurrency, with a market capitalization of $28.65 billion.

Kaspa Network (KASPA)

The last project on Rietveld’s list of the three most favorite crypto projects is Kaspa Network. Launched in November 2021, Kaspa Network uses the Proof of Work (PoW) consensus algorithm. It integrates the Block Directed Acyclic Graph (blockDAG) architecture, allowing the coexistence of several blocks in parallel.

Since January, Kaspa has been processing one block per second, according to Technopedia. However, its development team is considering an ambitious goal of 10 or 100 blocks per second in the future.

KASPA is the native token of the Kaspa network and currently ranks 38th among cryptocurrencies by market capitalization. The coin recorded its previous ATH of $0.189 this year, specifically on February 20.

At press time, KASPA is down 30.55% from its ATH, with one unit of the coin priced at $0.131. Changelly Analysts to wait for KASPA will reach a whopping $0.412 by September 2024. This represents a 214% increase from its current price.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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