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Anonymous analyst Aylo from the team of cryptocurrency company Nested announced six altcoins that he wants to hold in the next bull market.
The analyst states that his list is based on his own risk tolerance and portfolio size. He also warned his followers not to follow him blindly and to do their own research.
Here are the tokens that the analyst wants to hold in the next bull cycle and his reasons.
Left (LEFT)
Aylo sees Solana as a monolithic L1 alternative to Ethereum with a high-throughput chain that can currently handle 4700 transactions per second (TPS). He also stated that Solana is the only chain after ETH with multiple clients and will soon have a third validator client called Firedancer that will provide 600k TPS.
He also praised Solana's focus on mobile development with Saga, its appeal as a non-EVM chain, its dominance in the NFT space, low-cost compression capability, and the growing DeFi ecosystem.
Kaspa (KAS)
Aylo is trending bullish for Kaspa, a proof-of-work (PoW) layer 1 chain that major PoW miners like Bitmain claim to be the coin of choice. He claimed that Kaspa's hashrate is steadily increasing and could reach a market cap of $25 billion just like Litecoin did in the last bull cycle.
Also, Kaspa's co-creator of DAGLabs and co-creation of the GHOST protocol referenced in Ethereum's whitepaper. He stated that it was directed by Yonatan Sompolinsky.
Bittensor (TAO)
Aylo sees Bittensor as the only AI crypto product that makes sense to him. The analyst described Bittensor as a decentralized network of machine learning (ML) models incentivized and orchestrated to train and learn together on specific problems.
He said that Bittensor's utility token acts as both a supply-side incentive and a demand-side payment for the network's services. However, he also admitted that it is the riskiest coin on Bittensor's list.
Injective (INJ)
Aylo stated that he was impressed by Injective's technology and community, as well as the $150 million ecosystem fund. Injective offers developers binary options, order book exchange, oracle, derivatives, lending, savings, etc. He said it offers easy-to-use modules for building various types of dApps, such as
He also noted that Injective uses CosmWasm to enable developers to launch dynamic dApps with automatically executed smart contracts, and has a cross-chain infrastructure compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Solana. Additionally, he stated that Injective currently has more than 200 dApps in development on it and has a weekly burn mechanism that has reduced its supply by 6% so far.
Chainlink (LINK)
Aylo sees Chainlink as an industry standard Web3 service platform rather than just an oracle. He suggested that Chainlink's Cross-Chain Interoperability Protocol (CCIP) would most likely become the global standard for cross-blockchain messaging, and LINK's universal gas fee token for Web3 applications.
He also noted that Chainlink presents an opportunity to capture unrivaled value as it bridges the gap between DeFi and traditional finance (TradFi).
He also stated that LINK stakers will generate revenue from the network and increasing amounts of LINK will be staked by nodes. In addition, he pointed out that LINK is in a 450-day accumulation period and is currently ignored by most traders.
Arbitrum (ARB)
Aylo is optimistic about Arbitrum, an L2 scaling solution for Ethereum. He said Arbitrum provides an entry into the L2 sector and is the L2 with the most economic activity in terms of decentralized exchange (DEX) volume and total locked value (TVL).
He also noted that Arbitrum is the third chain by weekly DEX volume, sometimes surpassing the second-ranked Binance Smart Chain (BSC). He also argued that Arbitrum's DAO has $5 billion in ARB capital for growth and his team is outstanding.
6 tokens I'm holding into the bull 🧵 pic.twitter.com/p6Uw9IFJOb
— Aylo (@alpha_pls) August 9, 2023
*Not investment advice.