Analyst names the most promising altcoins in the current market

In the current market cycle, besides Bitcoin, the most promising layer-one blockchains are Ethereum, Cardano, Avalanche and Polkadot. This was stated by crypto analyst Benjamin Cowen.

During the InvestAnswers podcast, he singled out the second-largest cryptocurrency as the most promising altcoin for investment:

“Ethereum is, for now, unquestionably the best. I don’t think anyone has come close to it yet. I value decentralisation as the core quality. You know, the whole game is between decentralisation, scalability and security.”

He stressed that naming a leader would be easy. In his top four altcoins, Cowen included Cardano, Avalanche and Polkadot.

The analyst noted that it’s hard to ignore projects such as Terra, which “literally buys bitcoins for billions of dollars” , as well as Solana. However, Cowen added that he is not ready to invest in them right now.

“Some projects, like Terra and Solana, aren’t exactly uninteresting. I’ve simply fallen behind with them. It’s easier to focus on those I started investing in earlier,” he explained.

Cowen conceded that in the next cycle he would invest funds in the named pair.

His interlocutor, the host of the YouTube channel Digital Asset News, also gave Ethereum unequivocal leadership among promising altcoins. In the top three, he added competitors to the leading DeFi network — Avalanche and Solana.

As reported, former BitMEX CEO and co-founder Arthur Hayes explained why Ethereum will become a more attractive investment relative to other layer-one blockchains, and forecast a rise in the cryptocurrency’s price to $10,000 by year-end.