Blaze Token Founder Reveals His Top 3 Altcoins

Levi Rietveld, famous crypto entrepreneur and founder of Blaze Token (BLZE), has revealed his three major crypto projects, featuring 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 top three favorite crypto projects on Rietveld’s list include Hedera Hashgraph (HBAR), XRP (XRP), and Kaspa Network (KASPA). The list features only Rietveld’s top three favorite crypto projects and does not serve as investment advice.

Hedera Hashgraph (HBAR)

At the top of 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. After the ICO, the team granted public access to the network’s mainnet in September 2019.

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

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The token has seen a 29.3% year-to-date (YTD) spike and a 104.32% increase over the past year. Meanwhile, the experts at Changelly do not to expect HBAR will register a new ATH until February 2029, when its price could reach $0.57.

XRP (XRP)

In particular, 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 into ODL (now Ripple Payment), allowing users to use the coin as a bridging asset between two fiat currencies for faster and cheaper cross-border remittances.

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

Unlike other crypto assets, XRP could not register 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 fallen 86.5% from ATH. However, cryptocurrency market observers expect XRP to undertake a major price recovery in this bull season, with its price projected to reach $5.2 in this bull market.

These analysts are confident in their prediction because the currency now has legal clarity in the United States. Furthermore, the SEC lawsuit against Ripple, which has cast a dark cloud over the coin’s performance, is fast-paced approaching its end. At the time of writing, XRP was ranked as the seventh largest cryptocurrency, boasting a market capitalization of $28.65 billion.

Kaspa Network (KASPA)

The last project on Rietveld’s list of top three favorite crypto projects is Kaspa Network. Launched in November 2021, Kaspa Network uses the proof-of-work (PoW) consensus algorithm. It incorporates the Block Directed Acyclic Graph (blockDAG) architecture, allowing multiple blocks to coexist in parallel.

As of January Kaspa processes one block per second, second Technopedia. However, its development team is aiming for an ambitious goal of 10 or 100 blocks per second in the future.

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

As of this writing, KASPA is down 30.55% from its all-time high, with one unit of the coin priced at $0.131. Changelly Analysts to expect KASPA will reach a whopping $0.412 by September 2024. This represents a 214% increase from the 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 opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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