Ben Armstrong listed BTC, ETH, SOL, XRP, SUI, PYTH and ONDO. The reasons that support the unshakable confidence in these crypto assets are as follows.
The blogger is sure that the first cryptocurrency cannot turn out to be a loser with a market capitalization exceeding $1.39 trillion. Bitcoin accounts for more than half of the capitalization of the entire crypto market. In addition, more and more institutional investors are investing in Bitcoin or buying it indirectly through cryptocurrency exchange-traded funds (ETFs).
As for ether, Armstrong called it “digital silver” and Bitcoin’s closest competitor, “digital gold.” The crypto enthusiast suggested that ETH will remain attractive as investors hope that spot Ether ETFs will appear in the US.
The blogger's confidence in SOL is based on the growing recognition due to the launch of several successful memcoins based on the Solana blockchain.
Armstrong's argument in favor of XRP stems from the hope that the coin's issuer, Ripple, is in its final stages of litigation with the US Securities and Exchange Commission (SEC). In addition, the possible initial public offering (IPO) of Ripple will also have a good effect on the XRP rate, the blogger is sure.
Armstrong also included the SUI coin on his list, calling its blockchain efficient. In addition, the crypto enthusiast highlighted the Pyth Network (PYTH) and Ondo Finance (ONDO) projects, focused on tokenization of real assets.
Bitboy recently called the Cardano blockchain a dying project. The blogger suggested that the reason for Cardano's poor performance could be a lack of capital from institutional investors.
Source: Bits
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