Crypto Analyst Benjamin Cowen Lists His Top Altcoins For This Market Cycle

According to Benjamin Cowen a popular crypto analyst, the leading layer-1 protocols including Ethereum (ETH), Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT) are the one’s to keep an eye on during this market cycle. 

Cowen spoke with InvestAnswers, and revealed that Ethereum is his first choice among layer-1 projects. 

“I think Ethereum is by far the best one. I don’t even think the other ones come close to it at the current time… I really value decentralization. It’s just a game between decentralization, scalability and security.”

Apart from ETH, the analyst said that he has invested in three other altcoins: AVAX, ADA and DOT. 

“Going into this cycle, my top three, or maybe I should say, top four because Ethereum is the easy answer. Beyond that, I would say Avalanche, Cardano and Polkadot were the main three that I had going into this cycle. There are some other ones that are good. It’s hard to ignore Terra (LUNA).  It’s hard to ignore these things when they are literally buying billions of dollars worth of Bitcoin.”

He also explains how timing is important, and how he missed buying in on Solana (SOL) and Terra (LUNA) at the right time.

“Some of the projects like LUNA and Solana, it’s not that I necessarily don’t like them, it’s just that I was late to the game on them so it’s easier to focus on the projects that you actually were early on rather than the ones you were late on. 

Those are the main ones. There is definitely a lot that I don’t really care for as much, so I’m not going to necessarily list those, but I would say going into the cycle, Cardano, Polkadot, Ethereum and Avalanche. Next cycle, the next time we go up, I’ll probably have allocations in a couple of the others or at least larger allocations in them.”