Altcoin update – Week 19 This week's altcoin update is going t | House Of Chimera

Altcoin update – Week 19
This week's altcoin update is going to be a relatively short one, considering we covered most of our thoughts last week. This week’s altcoin update contains insights on the following projects: $LTO, $RSR.

Reserve Protocol (RSR) – 8/10 (No change)
As highlighted last week, Reserve Right is currently in sort of a transition period. However, the team announced that ‘Yummy’ a food delivery app in Venezuela is currently accepting payments with Reserve (RSV). Yummy is the #1 delivery app in Venezuela and has a significant influence on the usage of $RSV. The delivery app is relatively popular in Venezuela and is comparable with western delivery apps such as Takeaway.com and UBER eats.

In general, such partnerships in the cryptocurrency industry will go fairly unnoticed (Investors don't understand the importance). However, for Reserve Protocol it is fairly significant. The reason is that the users of the Reserve Protocol are not solely crypto enthusiasts but average human beings. The users want the ease to pay with a currency, that is not impacted by hyperinflation, efficiently, and inexpensively. Reserve is a currency that is inflation-resistant, borderless, and efficient, therefore adding real-world usage to the cryptocurrency increases its utility and overall reputation.

LTO Network ($LTO) – 8/10 (No change)
House of Chimera is incredibly bullish on LTO Network. The project is severely undervalued and it reminds us of $MATIC. Back in 2020, we acquired a position within the Polygon Network considering the project is disruptive and able to solve congestion issues efficiently. It took a while into the cryptocurrency market to understand the value of MATIC, but eventually, MATIC rose in value by over 7000%.

LTO Network could rise in value by tenfold if the team can keep up with their current speed of development. The network is being used by governments, United Nations, and industry leaders. To add to that, Cees van Dam mentioned earlier this week on Twitter that LTO Network is currently in the works with two countries that potentially want to work with LTO on the GoLandRegistry project in collaboration with the United Nations.
The Sphereon collaboration is significant for LTO Network, considering it allows LTO Network to penetrate another thriving industry. Therefore, creating value for the ecosystem and adding value to the native token $LTO.

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