In a recent YouTube update, Coin Bureau claimed the little-known altcoin Litentry (LIT) was looking bullish, claiming the identity aggregation protocol had remarkable growth potential.
Coin Bureau explained his method for hunting altcoin gems, including factors such as solving a pressing problem and being first-to-market in a particular sector. The trader called litentry one of the most “promising projects that I’ve recently found,” noting it met all of his gem requirements.
Coin Bureau continued:
What really drew me to Litentry was the problem that they’re solving in the decentralized finance (DeFi) space. I had not seen or heard about a project that was offering similar identity-based verifications in any ecosystem.
Bureau said the project was aiming to verify the unique identity of wallet addresses, a key feature he claimed was missing in most DeFi projects.
He was also bullish on the coin’s launch on polkadot.
You have to consider that it’s a project that will be launched as a parachain on Polkadot. You only have to take a look at some of the excitement around Polkadot-based projects to get a sense of how much untapped demand there is here.
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