Guy, host of the popular crypto analytics channel Coin Bureau, shared the names of two altcoins he thinks should be followed closely when the next bull market starts. Here are the altcoins on the analyst’s radar.
The host and analyst, nicknamed Guy, had a conversation with Benjamin Cowen, one of the well-known names in the crypto world. In chat, Ethereum rival altcoins cardano (ADA) and Algorand Using rave reviews about (ALGO), two analysts said that the team behind both blockchains is ‘great’.
“In terms of long-term trend, especially institutional investors, I think Cardano has some shortcomings. Still, an investor may want to decide between Ethereum and Cardano before making their choice because both blockchains have recently had a major update and have been successful.
I think this is an important detail that shows the quality and potential of the team behind the project. Investors will carefully analyze this detail and make their choice accordingly. Even though Cardano has lagged behind so far, I think they have a good chance in the long-term trend.”
The native token of the Cardano blockchain, ADA, was trading at $0.43 at the time of writing. The 8th-ranked crypto asset by market cap has dropped 0.72% in the last 24 hours.
Guy also AlgorandHe thinks ‘s connections with the Massachusetts Institute of Technology (MIT) could open up possibilities for the project. Silvio Micali, the founder of Algorand, is a professor of computer science and cryptography at MIT.
“The Algorand team seems to be not only very talented but also really well connected, because as I understand it MIT, this upcoming digital dollar, this CBDC [merkez bankası dijital para birimi] among agencies collaborating with the Federal Reserve. And I think this opens up a lot of potential questions about Algorand because there is a lot of speculation swirling around that Algorand could be the blockchain for a US CBDC to eventually go ahead.”
ALGO, the native token of the Algorand blockchain, is trading at $0.3573 at the time of writing, down 1% in the last 24 hours.
Koinfinans.com As we previously reported, in February, there was news that researchers at the US Federal Reserve and MIT were collaborating on a central bank digital currency (CBDC) initiative called Project Hamilton.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.c