Published: 01.05.2022
Article reading time:
2 minutes.
A digital asset expert believes that it is now profitable to invest in Ethereum and three other altcoins. In the next cycle, he plans to add Solana and Terra to his portfolio.
Cryptocurrency analyst Benjamin Cowen stated on the InvestAnswers podcast that the most promising altcoins on Tier 1 blockchains in this market cycle are Ethereum, Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT). Cowan highlights Ethereum as the number one project among the most promising altcoins:
“I think Ethereum is by far the best. I don’t think others have come close to this at the present time. I appreciate decentralization. And competition between projects is a game between decentralization, scalability and security.”
Cowan said that in addition to ether, he invested in three other cryptocurrencies:
“My first investment in this cycle was for a 3, or should I say a 4, as Ethereum is the obvious choice for me.”
In addition to Ethereum, I have invested in Avalanche and Cardano in this market cycle. There are other good altcoins. It’s hard to ignore Terra (LUNA) when the project is literally buying billions of dollars worth of bitcoin,” the analyst said.
The expert explained why he did not invest in Ethereum competitors Solana (SOL) and Terra (LUNA).
“Some projects, like LUNA and Solana, it’s not that I don’t like it. It’s just that I was late with them, so it’s easier to focus on projects that you actually started investing in earlier, and not on those that you were late in, ”Cowen said.
The crypto analyst said he would probably consider investing in Ethereum’s popular main competitors next time.
“There are definitely a lot of projects that I’m not that interested in, so I won’t list them. But now the cycle is Cardano, Polkadot, Ethereum and Avalanche. In the next cycle, I will probably invest in these projects,” suggested Cowan.
Popular cryptocurrency analyst and founder of Heisenberg Capital, Max Keiser, recently called Ethereum and other altcoins “scams.” In his opinion, only bitcoin deserves attention.
Source: Bits
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