A widely followed cryptoanalyst 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 of Digital Asset News, the pseudonymous host of InvestAnswers says there are three cryptoassets besides Bitcoin (BTC) and Ethereum (ETH) worth watching in the current bear market.
He identifies Ethereum rivals Solana (SOL) and Fantom (FTM), plus scaling solution Polygon (MATIC) as the main coins on his radar.
“The only two things I’ve bought since all year, other than selling stuff, were Bitcoin and Solana, that’s it. I’ve traded out of my ETH position because my goal has always been to get them to even, [for] Solana and Ethereum should be the same size…I wouldn̵[ads1]7;t even consider Ethereum an altcoin because it’s so big.
From a relative market valuation perspective, I think it’s very overpriced for what it’s actually doing today – of course that could change with adoption – But based on the things I’m looking at, tokenomics and daily active users, I like MATIC. That would be my number 3.
If I had to choose [a third], that would be Fantom (FTM) because Fantom has the same number of daily active users as Cardano (ADA), but it trades at one-twentieth of the market cap, and it has pretty good speed and technology and stuff. Although it has received many hits from Andre [Cronje] leaves. So they would be mine.”
At the time of writing, SOL is trading at $29.46, while FTM is changing hands at $0.20 and MATIC is priced at $0.80.
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