Thursday, June 1, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Uncategorized

Ethereum, Cardano and Three Additional Altcoins Are Top Crypto Assets for 2022, According to Analyst Benjamin Cowen

cryptonews100_tggfrn by cryptonews100_tggfrn
December 30, 2021
in Uncategorized
0
Ethereum, Cardano and Three Additional Altcoins Are Top Crypto Assets for 2022, According to Analyst Benjamin Cowen
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


A well-liked crypto analyst is naming his prime altcoin picks because the crypto markets head into a brand new yr.

In a brand new interview with Altcoin Day by day, Into the Cryptoverse founder Benjamin Cowen tells the channel’s 1.8 million YouTube subscribers that layer-1 blockchain initiatives are his major focus of curiosity.

First and foremost is main sensible contract platform Ethereum (ETH).

“Clearly there’s Ethereum, however that’s kind of the ‘altcoin index.’

You need your altcoins to outperform Ethereum or at the least oscillate towards it. Take a look at their ETH values over the macro scale.

MATIC I feel is an effective undertaking, layer-2 scaling I feel is vital.

But in addition Cardano, Polkadot, Avalanche.”

The multi-chained scaling resolution Polygon (MATIC) has gone on an epic run in 2021, rising from $0.03 to a brand new all-time excessive of $2.88 final Saturday. MATIC has since corrected and at the moment trades for $2.49.

Additionally excessive on Cowen’s listing is scalable decentralized blockchain platform Cardano, whose native token ADA ranks sixth by market cap. The altcoin has seen a curler coaster of value motion, launching from $0.18 to a summer season excessive of $2.91. Presently, ADA is valued at $1.33.

Cross-chain interoperability protocol Polkadot (DOT) ran from a January low below $10 to highs above $47 in Might and $54 in November, however has since corrected closely and DOT now trades for $26.56.

Final on Cowen’s listing of favorites is layer-1 sensible contract platform Avalanche (AVAX). The AVAX token began 2021 buying and selling for round $3.50 however has gone on a collection of epic rallies, in the end grinding up to an all-time excessive of $144.96 in late November. The Eleventh-ranked crypto asset is exchanging palms for $101.04.

Shifting on to his honorable mentions, the favored chart guru likes sensible contract platform Solana (SOL), which began the yr below $2 and soared to practically $260 again in November. The altcoin is valued $170.84 at time of writing.

“Solana, I feel it’s respectable, it’s just a little extra centralized than I would love.

Nevertheless it doesn’t imply that’s essentially a foul factor for some individuals, as a result of some individuals simply favor that.”

Cowen stays serious about oracle community Chainlink (LINK) regardless of native token LINK’s disappointing numbers in relation to ETH.

“Chainlink is an attention-grabbing one as a result of it’s one which did very well within the bear market.

I maintain it and it’s not met my expectations this market cycle.

I’m wanting for that one to do one thing good in 2022 as a result of frankly, it’s down 90% towards Ethereum during the last 18 months.”

Chainlink began the yr below $12 and reached an all-time excessive of $52.70 again in Might, earlier than crashing to $20.10 and in the end $13.88 by July, earlier than grinding its means again up in current months.

LINK has had a rocky previous month, reaching a excessive of $26.81 earlier than crashing to $17.61 and then climbing again above $24 briefly. Chainlink is buying and selling for $19.62 at time of writing.

In distinction, Ethereum has seen a breakout yr, rising over 400% from $730 to its present valuation of $3,647.

Final on the listing of runner-ups is Ethereum competitor Terra (LUNA) whose native token LUNA underpins a collection of decentralized stablecoins. LUNA started the yr at $0.64 and has witnessed main good points. Presently, it’s buying and selling for $83.41.

Cowen wraps up by saying,

“The primary initiatives that I observe are Cardano, Polkadot, Avalanche, MATIC, LUNA, Solana.

It’s actually laborious to go unsuitable should you simply have a look at the highest 10 or 20. Get layer-1s, a few layer-2s, an oracle.

I feel that’s an ideal crypto portfolio proper there.”



I

Related articles

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

February 28, 2023

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

February 28, 2023

Test Price Action

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered immediately to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.

Featured Picture: Shutterstock/Tithi Luadthong

spot and derivatives trading, low fees! Use VPN to Spain if in US.





Source link

Tags: AdditionalAltcoinsAnalystassetsBenjaminCardanoCowencryptoEthereumtop
Share76Tweet47
kucoin-exchange

Related Posts

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

by cryptonews100_tggfrn
February 28, 2023
0

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC ...  David Gerard Source link

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

by cryptonews100_tggfrn
February 28, 2023
0

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says  Cointelegraph Source link

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes – CoinGape

by cryptonews100_tggfrn
February 28, 2023
0

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes  CoinGape Source link

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if… – AMBCrypto News

by cryptonews100_tggfrn
February 27, 2023
0

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if…  AMBCrypto News Source link

First Mover Asia: Solana in the Green After Weekend Deep Freeze – CoinDesk

by cryptonews100_tggfrn
February 27, 2023
0

First Mover Asia: Solana in the Green After Weekend Deep Freeze  CoinDesk Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

Gagarin.news is a leading crypto news portal that provides the latest news and updates on cryptocurrencies, blockchain technology, and the cryptocurrency market

Gagarin.news is a leading crypto news portal that provides the latest news and updates on cryptocurrencies, blockchain technology, and the cryptocurrency market

June 1, 2023
Gate.io denies liquidity problems after Multichain CEO goes missing

Gate.io denies liquidity problems after Multichain CEO goes missing

June 1, 2023

Bitcoin, Ethereum And Other Tokens Extend Losses

June 1, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

Altcoins (32) Binance (59) Bitcoin (327) blockchain (56) BTC (63) Buy (39) Cardano (63) ChainLink (33) Classic (70) coin (45) CoinDesk (33) Cointelegraph (42) crypto (420) Cryptocurrencies (38) Cryptocurrency (80) Cryptos (54) DOGE (35) Dogecoin (69) ETH (47) Ethereum (144) FTX (44) gains (32) Heres (38) Inu (67) investors (48) LUNA (241) LUNC (43) market (128) MATIC (33) million (33) Network (49) News (127) NFT (32) POLYGON (37) prediction (72) price (236) SHIB (39) Shiba (68) Solana (57) Terra (283) Terras (34) token (32) top (72) VeChain (35) XRP (43)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.