Coin Bureau Names Top Altcoins To Invest in During a Recession

A popular cryptocurrency analyst ranks Cosmos (ATOM) and Algorand (ALGO) among the top five altcoins to invest in during a recession.

Coin Bureau pseudonymous host known as Guy in a new interview with Altcoin Daily To tell Cosmos, a decentralized parallel blockchain network, is high on his list due to its high staking rewards and strong development team.

“It will jump right away [ATOM]I think it’s a great project. i love cosmos I love this idea of interoperability. There is really great technology out there. I have to say that there is a great team behind it and a really good community behind Cosmos as wellAt the moment, staking ATOM yields amazing returns. “

At the time of writing, Cosmos is trading at $9.12.

He next chose Ethereum (ETH) rival Algorand, saying blockchain is in a strong position in the next cryptocurrency bull market.

“Algorand is a very interesting potential play for the next bull market. I think we could see a lot of really cool, really interesting, really successful projects develop in that ecosystem during that I think it’s also promising as one of these non-EVM (Ethereum Virtual Machine) chains.I think it’s really, really well laid out.There seems to be a lot of development and a strong community behind ALGO. is.”

At the time of writing, ALGO is trading at $0.170.

He also chose the distributed data storage network Arweave (AR).

Arweave is a project that I really like.

At the time of writing, AR is trading at $6.62.

Guy returns his focus to Cosmos and chooses from projects built on that blockchain (Osmosis (OSMO) or JUNO (JUNO)) to include in the Top 5 list.

Osmosis is an automated market maker protocol built on the Cosmos Software Development Kit (SDK) that allows participants to create liquidity and hold cryptocurrencies compatible with the Inter-Blockchain Communication (IBC) protocol. The aim is to make trading seamless. JUNO, on the other hand, is a proof-of-stake blockchain designed to serve as a cross-chain smart contract hub for the Cosmos ecosystem.

At the time of writing, OSMO is valued at $0.745 and Juno at $1.18.

Finally, Guy lists the top five for Aave (AAVE), a popular decentralized finance (DeFi) lending and borrowing platform.

I think the DeFi era will come again. I think DeFi will be the next big bull market story. AAVE is a very established project. I think it’s definitely one of these that will be one of the survivors of the.”

At the time of writing, AAVE is trading at $55.67.

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Featured Image: Shutterstock/Layne Harris