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A widely followed cryptocurrency analyst has revealed the top three most promising altcoins to accumulate before the next bull cycle.
In a new video discussion with fellow analysts Benjamin Cowen and Rob of Digital Assets News, the pseudonymous host of InvestAnswers explores other worthwhile investments besides Bitcoin (BTC) and Ethereum (ETH) in the current bear market. It states that it has three crypto assets.
He identifies Ethereum rivals Solana (SOL) and Phantom (FTM), as well as scaling solution Polygon (MATIC), as the leading coins on the radar.
Over the past year, I have only bought Bitcoin and Solana other than selling stuff. [for] Solana and Ethereum are the same size…Ethereum is so big that we wouldn’t consider it an altcoin.
In terms of relative valuation of market capitalization, I think it’s far too expensive for its current real capabilities. Of course, that can change with adoption. That will be my number 3.
if i had to choose [a third]Phantom has the same number of daily active users as Cardano (ADA) but trades at 26 of its market cap and has pretty good speed and technology etc which makes it Phantom (FTM). I suffered a lot of hits with Andre, [Cronje] leave. So they will be mine.
At the time of writing, SOL is trading at $29.46, FTM at $0.20 and MATIC at $0.80.
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