Analyst names 4 most promising cryptocurrency tokens

Digital asset expert Benjamin Cowen said in an InvestAnswers podcast that the most promising altcoins on the first-tier blockchains in this market cycle are Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT).

He explained why Terra (LUNA) or Solana (SOL), which are popular today, were not included in this list: «It's hard to ignore Terra (LUNA) when the project is literally buying billions of dollars worth of bitcoins. It’s not that I don’t like some projects like LUNA and Solana. It’s just that I was late with them, so it’s easier to focus on projects where you’re not late.»

Among all the altcoins, Cowen’s first choice is obviously Ethereum: «I think Ethereum is definitely the best. I don’t think other altcoins can compete with it right now. At the same time, I appreciate decentralization and competition.»