According to the famous analyst, this project, which produces a solution in a competitive and important field, is expected to increase by 10,000%.
Image Source 👉 https://Coingecko.com
Randall Trzaska , one of the popular cryptocurrency analysts , announced a cheap altcoin that could increase its price 100 times. Praising the developer team and arguing that the price is extremely low, Randall is constantly chasing such opportunities and sharing them with his followers. So which altcoin is this hidden gem and what does it do?
Siren (SI), which was bought at $ 0.70 on August 20, is currently trading at $ 0.48, down 13%. Siren ( SI ), which creates collateralized option contracts for ERC-20 tokens with its decentralized structure, meets an important need.
Order matching is not required in the #Siren (SI) protocol, which does not require third-party consensus mechanisms for on-chain options transactions. Seren for professional investors who want to hold tokenized options contracts and actively trade them, Siren ( SI ) also fills a significant gap in the market.
👇Randall says:
“So why are options contracts important? Institutional interest in cryptocurrencies is growing and professional investors are turning to crypto options contracts. Cryptocurrency investors who want to trade by establishing better strategies will be able to access these options contracts thanks to Siren (SI).
#SI produced by Siren (SI) on the Ethereum network is an ERC-20 token. Issued for governance purposes, this token allows investors to have a say in the project.
đź“ŚSiren (SI) Price Forecast
Siren ( SI ), whose price has fallen by more than 85% from the $4.3 ATH point, is finding buyers at around $0.48. Randall also mentions some of the risks of the project. The project has shortcomings in terms of cyber security. Although the idea is nice, Siren ( SI ) was hacked for about $4 million yesterday. We can attribute the sharp drop in the price today to this.
Randall had this to say on the matter:
I think that the falling price with this attack will open the door to a serious rise. It can rise similarly to #SushiSwap and #PancakeBunny. I think the current level of the price is too long”.
Randall thinks it has the potential to go up to 100 times the current price. Of course, this hacking attack is a distrust for Siren (SI).
We can also come to the idea that the projects audited by #Quanstamps on a case- by-case basis involve risks.