Crypto Trader Tyler Swope Says Small-Cap Altcoins Will Beat The Market

Crypto trader Tyler Swope believes that there are a few small-cap altcoins that will beat the market and will go against the flow while the broader crypto market corrects so let’s take a closer look at the altcoin news and analysis today.

Crypto trader Tyler Swope named three small-cap altcoins that will likely go against the flow of the crypto market and he said to his Youtube subscribers that he is looking at decentralized finance platform Bao Finance, saying that the altcoin is worthy of investor consideration as it is still making progress while settling down of the hype phase:

 “The xDai pools are deployed, a few minor bugs, but as we can see from the Baoman’s mouth: ‘Block rewards were pushed back one more day but the farms are working and stable. User deposits can start now.’ Yes, the crops are ready to be farmed on xDai. They are moving exactly as planned.”

Swope added that BAO is used as collateral for spot trading on crypto derivatives exchange FTX while the second altcoin on his list is Deus Finance that is a well-known tokenization platform that allows users to trade real-world assets like commodities, equities on Ethereum:

 “Deus is officially launching its decentralized trading platform in the next 48 hours. You will be able to trade hundreds of stocks, forex and selected cryptos on xDai without time restriction.”

Swope thinks that the current value locked on the platform that is set at $39 million will grow as the project launches a scalable synthetic s platform. The last coin on the list is NFY- Non-Fungible Yearn and according to Swope, the platform will expand the possibilities and opportunities in the NFT sector by “taking NFTs and applying it to DeFi.” He concluded:

 “They are the first DeFi protocol to utilize NFTs to make yield farming more secure and flexible by protecting the wallet and allowing the first transferable stake. What this does is create an ecosystem where instead of wallet addresses that represent the right to stake, an NFT will represent the right to the staked funds and the yield they generate. You will be able to trade your staked tokens and future yield via an NFT.”