Closely followed crypto analysts say key Layer 1 protocols such as Ethereum (ETH), Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT) are outstanding in this market cycle. I am.
In a discussion on the InvestAnswers YouTube channel, Benjamin Cowen states that Ethereum is arguably his number one choice in a Layer 1 project.
“I think Ethereum is by far the best. At this point, I don’t think anyone else is approaching it … I really value decentralization. It’s decentralization, scalability, And just a game between security. “
In addition to the major smart contract platforms, Cowen says it has also invested in three other altcoins.
“When you enter this cycle, Ethereum is a simple answer, so I can say it’s my top three, or perhaps the top four. Beyond that, I’m Avalanche, Cardano, and Polkadot, the three main things that went into this cycle. I think it was. There are some other good things. It’s hard to ignore Terra (LUNA). Ignore these when they are buying literally billions of dollars worth of Bitcoin. It’s hard to do. “
He also explains why the popular Ethereum Challengers Solana (SOL) and Terra (LUNA) are not on his list.
“Some projects like LUNA and Solana don’t necessarily like them. It’s easier to focus on projects that were actually early because you’re just late for the game. You’re late. I did.
Those are the main ones. Sure, I don’t really care so much, so I’m not necessarily going to list them, but I think I’ll be in the Cardano, Polkadot, Ethereum, and Avalanche cycles. The next cycle, the next time I go up, I’ll probably have some other allocations, or at least those with larger allocations. “
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Featured image: Shutterstock / Dom Critelli
