dailyhodl.com
A widely followed crypto analyst has revealed his top three most promising altcoins to accumulate before the next bull cycle.
In a new video discussion with fellow analysts Benjamin Cowen and Rob from Digital Asset News, the pseudonymous host of InvestAnswers says there are three crypto assets besides Bitcoin (BTC) and Ethereum (ETH) worth looking at during the current bear market.
He identifies Ethereum rivals Solana (SOL) and Fantom (FTM), plus scaling solution Polygon (MATIC) as the mains coins on his radar.
“The only two things that I’ve purchased since this whole year, other than sell stuff, was Bitcoin and Solana, that’s it. I’ve been swapping out of my ETH position because my goal has always been to make them equate, [for] Solana and Ethereum to be be same size…I wouldn’t even consider Ethereum to be an altcoin because it’s just so big.
On a relative market cap valuation perspective I think it’s very overpriced for what it actually does today – that could change of course with adoption – But based on the stuff I look at, tokenomics and daily active users, I like MATIC. That would be my number 3.
If I had to pick [a third], it would be Fantom (FTM) because Fantom has the same number of daily active users as Cardano (ADA), but it’s trading at a twenty sixth of the market cap, and it has some pretty good speed and technology and stuff. Although it has suffered a lot of hits by Andre [Cronje] leaving. So those would be mine.”
At time of writing, SOL is trading at $29.46, while FTM is changing hands for $0.20 and MATIC is priced at $0.80.