Ethereum and three other altcoins are favored as the most profitable in the future by Cryptoverse CEO and digital asset expert Benjamin Cowen.
According to him, he plans to add Solana and Terra to his portfolio in the next cycle. Also, the cryptocurrency analyst said on the InvestAnswers podcast that the most promising altcoins on blockchain Tier 1 in this market cycle are Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT).
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Cowan points to Ethereum as the number one project of the most promising altcoin:
“I think Ethereum is by far the best. I don’t think others have come close to it right now. I appreciate the decentralization. And competition between projects is a game between decentralization, scalability and security.”
Cowan said that in addition to Ethereum, he invested in three other cryptocurrencies:
“I’ve 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 explained why he didn’t invest in Ethereum’s competitors Solana (SOL) and Terra (LUNA).
“Some projects, like LUNA and Solana, it’s not that I don’t like them. I was just late with them, so it’s easier to focus on the projects you started investing in earlier, rather than the ones you were late on,”
The analyst said he would probably consider investing in Ethereum’s popular main competitors next time.
“There are certainly a lot of projects that I’m not that interested in, so I won’t list them. But right now the cycle is Cardano, Polkadot, Ethereum and Avalanche. In the next cycle, I’ll probably invest in those projects as well”.
Popular cryptocurrency analyst and founder of Heisenberg Capital, Max Keiser, recently called Ethereum and other altcoins “scams.” In his opinion, only bitcoin deserves attention.