In the current market cycle, the most promising Tier 1 blockchains besides Bitcoin are Ethereum, Cardano, Avalanche, and Polkadot. This was stated by cryptanalyst Benjamin Cowen.
During the InvestAnswers podcast, he singled out the second largest cryptocurrency as the most promising altcoin for investment:
He stressed that it is easy to name a leader. In his top 4 altcoins, Cowan included Cardano, Avalanche and Polkadot.
The analyst noted that it is difficult to ignore projects such as Terra, which “literally buys billions of dollars worth of bitcoin,” as well as Solana. However, Cowan added that he is not ready to invest in them now.
Cowen admitted that in the next cycle he would invest in a named pair.
His interlocutor, host of the Digital Asset News YouTube channel, also gave Ethereum the undisputed leadership among promising altcoins. He added the competitors of the leading DeFi network, Avalanche and Solana, to the top three.
Recall that the former CEO and co-founder of the BitMEX exchange, Arthur Hayes, explained why Ethereum will become a more profitable investment compared to other first-level blockchains, and predicted the price of cryptocurrency to rise to $10,000 by the end of the year.