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The Real Vision CEO says bitcoin and ethereum are “base investments”, with BTC being the OG of crypto.
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Terra and Solana are currently the top 10 cryptocurrencies by market cap, while Avalanche and Polygon are in the top 15.
Terra (LUNA) is currently the 9th largest cryptocurrency by market cap of $29 billion, due to a monstrous price rally over the past year.
While the decentralized financial payments blockchain has seen its core coin struggle over the past two weeks, it is up 23% since mid-December. but that’s not all; The price of LUNA has increased by 10,579% since January 2020.
According to Raul Pal, CEO of Real Vision, the coin is likely to see even higher gains in 2022 along with Avalanche (AVAX), Solana (SOL) and Polygon (MATIC).
investment strategist said in an interview published on Friday.
He added that he has personally added to his Ethereum position and is seeing “some beaten-down” tokenization in decentralized finance (DeFi) as well as layer 1 altcoins.
The investor was responding to Jessica Walker’s question about what she thought a seasoned trader would reasonably see in the crypto market in 2022. And Pal mentioned that Bitcoin (BTC) and Ethereum (ETH) are likely to remain at the top of the list for many traders, before going on to explain why.
According to him, ETH and BTC are “base investments”. He said that Bitcoin is the “OG” of crypto, while Ethereum is the strongest network in the crypto industry. He said that it has the maximum number of developers and investors.
However, apart from these two, one would look into it.”network effect” For guidance on looking for investment opportunities, The most attractive, in his opinion, are the altcoins whose networks show growth potential within the crypto space.
Thus they chose Layer 1 coins as potential outperformers in 2022, with interoperability tokens also included in their list.
,We’re seeing these layer-1, stuff like Terra, Avalanche, and maybe Solana,” They said.
Solana is currently the 7th largest cryptocurrency with a market cap of $44 billion, while Avalanche is ranked 12th with a market cap of $21 billion. Both the coins are trading lower on the day, with SOL down 3.8% and AVAX down 4.3%.
Pal also thinks that Polygon and Quant—a blockchain network that aims to connect other blockchains through its Overledger technology—will also experience further growth.
The CEO of Real Vision said this could be the “year of interoperability,” as polygons, quant, could be big opportunities.
Last week, crypto strategist Michael van de Poppe expressed a bullish outlook for Polygon, adding that other tokens such as Phantom (FTM) and Enjin Coin (ENJ) would also do well in the market.