In the current market cycle, the most promising Tier 1 blockchains besides Bitcoin are Ethereum, Cardano, Avalanche and Polkadot. This was stated by cryptanalyst Benjamin Cowen.

During the InvestAnswers podcast, he chose the second-largest cryptocurrency as the most promising altcoin for investment:

“Ethereum is the best ever. I don’t think anyone is getting close now. I value decentralization as a core quality. You know, the whole game is between decentralization, scalability and security.”

He stressed that choosing a leader is easy. Cowan included Cardano, Avalanche, and Polkadot in the top 4 altcoins.

The analyst noted that it’s hard to ignore projects like Solana, as well as Terra, which has “literally bought billions of dollars worth of bitcoin.” However, Cowan added that he is not ready to invest in them at this time.

“Some projects like Terra and Solana are not that interesting. I just missed them. It’s easier to focus on people you’ve already started investing in,” he explained.

Cowan admitted that he will invest in a named pair in the next cycle.

The host of the Digital Asset News YouTube channel also gave Ethereum the undisputed leadership among promising altcoins. It added Avalanche and Solana, rivals of the leading DeFi network, to the top three.

Recall that Arthur Hayes, former CEO and co-founder of BitMEX exchange, explained why Ethereum would be a more profitable investment compared to other first-tier blockchains and predicted that the price of the cryptocurrency would rise to $10,000 by the end of the year. .