Thursday, September 29

What are the top five altcoins to invest in 2022?

End of the year always finds us with predictions or investment recommendations for the next year on the market. Benjamin Cowen, cryptographic analyst at Into the Cryptoverse, says five altcoins to invest in 2022 according to Daily Hodl: Ethereum, Cardano, Polkadot, Avalanche y Polygon.

In a new interview with Altcoin Daily en Youtube, Benjamin Cowen argues that layer one blockchain projects are his main focus of interest.

First of all, there is the leading smart contract platform Ethereum. “Obviously, there is Ethereum, but that’s kind of an ‘altcoin index.’

“Polygon I think it’s a good project, the layer two scale I think is important. But also Cardano, Polkadot, Avalanche ”, pointed out Cowen.

The multi-chain scaling solution Polygon (MATIC) has had an epic career in 2021, going from $ 0.03 to a new all-time high of $ 2.88 last Saturday.

Also high on Cowen’s list is the scalable decentralized blockchain platform. Cardano, whose ADA national tokens occupies the sixth place by market capitalization. The altcoin has experienced a roller coaster ride in price action, launching from $ 0.18 to a summer high of $ 2.91.

The interoperability protocol between chains Polkadot went from a January low below $ 10 to highs above $ 47 in May and $ 54 in November, but since then it has been largely corrected.

Last on Cowen’s list of favorites is the Layer 1 smart contract platform Avalanche. The AVAX tokenbegan trading in 2021 for around $ 3.50, but has made a series of epic rallies, eventually reaching a all-time high of $ 144.96 at the end of November. The crypto asset is in the spot.

Some more altcoins to highlight

Moving on to his honorable mentions, he likes the smart contracts platform Solana, which started the year with less $ 2 and skyrocketed to nearly $ 260 in November.

“Solana, I think it’s decent, it’s a bit more centralized than I would like. But it doesn’t mean it’s necessarily a bad thing for some people, because some people just prefer it, “Cowen said.

Cowen is still interested in the network of Oracle Chainlink despite the disappointing numbers of the native token LINK relative to ETH.

“Chainlink is interesting because it did very well in the bear market. I keep it and it hasn’t met my expectations in this market cycle. I’m looking for it to do something good in 2022 because frankly it’s down 90% versus Ethereum in the last 18 months, “Cowen noted.

Chainlink started the year below $ 12 and hit an all-time high of $ 52.70 in May, before falling to $ 20.10 and finally to $ 13.88 in July, before rising again in recent months.

LINK has had a shaky last month, peaking at $ 26.81 before crashing to $ 17.61 and then briefly climbing back above $ 24.

By contrast, Ethereum has experienced a year of breakdown, increasing more than 400%from $ 730 to its current valuation of $ 3,647.

Last on the list of finalists is Ethereum’s competitor, Terra, whose native token LUNA it supports a set of decentralized stablecoins. LUNA started the year at $ 0.64 and has seen significant gains.

Cowen concludes by saying: “The main projects I follow are Cardano, Polkadot, Avalanche, MATIC, LUNA, Solana. It’s very hard to go wrong if you only look at the top 10 or 20. Get first layers, a couple of layers two, an oracle. I think it’s a great crypto portfolio right there. “

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