Mechanism Capital Co-Founder Reveals Potential Altcoin Gem.

Andrew Kang, a well-known crypto entrepreneur and investor, recently revealed on Twitter his pick for the next cryptocurrency that may experience a surge in price. Kang is a co-founder of Mechanism Capital, a company that invests in cryptocurrencies through prop trading, mining, ventures, and secondary markets.

Kang has gained recognition in the crypto community for his profitable trades. He recently shared his latest crypto find on Twitter: Radiant Capital (RDNT). The altcoin currently has a market cap of only $77.3 million and is ranked #287 among all cryptocurrencies.

According to Kang, Radiant Capital has the potential to become the “new king of the money markets,” surpassing Aave and Compound, which currently have TVLs of $5 trillion and $2 trillion, respectively. Kang believes that Radiant Capital can succeed because it is innovating while the others are not.

However, Radiant Capital has a long way to go, with a current TVL of only $260 million via Arbitrum and the Binance Smart Chain (BSC). The platform is the first functional cross-chain market maker, borrowing on the X-chain and lending on the Y-chain.

Radiant Capital’s upcoming launch on Ethereum and zkSync could also boost its price. Additionally, Radiant has an advantage over its competitors in terms of potential yield, as it can offer more lucrative rates than Aave and Compound.

Kang speculates that Radiant could capture a piece of Compound and Aave’s $4 trillion pie through sustained, incentivized yield once Ethereum and Liquid Staking Derivatives (LSDs) become available on the mainnet dApp.

Another argument in favor of Radiant is that it has already surpassed Aave, Compound, and even Solana in 90 day revenue. Looking at the 90 day trend, Radiant is the fastest growing protocol in this field.

Kang believes that a vampire attack on the outdated liquidity of existing money markets, similar to Sushiswap’s attack on Uniswap, could trigger an explosive rise in the price of the RDNT token. He has followed up his words with action, as his on-chain address has begun acquiring RDNT tokens. Initially, he bought 3.922 million RDNT for $1.11M.

However, Kang’s recommendation has not been met with unanimous enthusiasm throughout the crypto community. Some voices think that Kang’s theses are too far-fetched and not strong enough. On the other hand, it should be noted that the “Binance effect” of a listing already happened at the end of March this year.

Currently, the trading price of Radiant Capital (RDNT) is $0.2926.