digital asset investment company Pantera Capital‘s founder and CEO, Dan Morehead, shared his 2022 forecasts, expressing his optimism about the two crypto assets in the top ten by market capitalization.
Speaking in a CNBC interview, Morehead said that a platform designed to enable interoperability between various blockchains. Polkadot (DOT) He stated that the 10th largest cryptocurrency by market capitalization will launch its first decentralized finance (DeFi) protocol in the first three months of 2022.
“I think we all come to the conclusion that there won’t be a single blockchain in the future. Maybe you are familiar with 10 or 20 very important blockchains. And so Polkadot will help you move value from one to another.
And the first DeFi protocols will be released in the first quarter, so we’re very excited about it.
… We even see companies like Deutsche Telekom starting to build on Polkadot. And quite a number of developers are building on it. So we see a huge momentum there.”
A little over a week ago, Germany’s telecommunications giant Deutsche Telekom announced its intentions to become a Polkadot validator. A Deutsche Telekom subsidiary also purchased DOT tokens.
The next crypto asset is a blockchain that uses stablecoins to make programmable payments and enable the development of open financial infrastructure. Terra (Luna). According to the head of Pantera Capital, Terra is one of the “most promising coins” for 2022.
“Terra allows the creation of algorithmic stablecoins and they have the third most valuable stablecoin UST built on it. And it is growing at a very, very fast rate.
… we think it is one of the most promising coins for the coming year.
Lots of people are just discovering it and just starting out in business. It has a market cap of $31 billion, so it still has a lot of room to grow.”
Ranked ninth by market cap, Terra is trading at $87.63, up over 13,000% since the start of 2021.
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.