Famous Analysts Chose: AVAX and These 7 Coins Should Be In The Basket!


We know for many of you that your dry powder is low. You probably bought the bottoms of your favorite projects 2 or 3 bottoms ago. Analysts are currently explaining 8 cryptocurrencies, including AVAX, where to put $1,500 of their own money and why.

Famous analysts’ choice of coins: MATIC, AVAX, ATOM and others

Coin 1: Polygon (MATIC)

While we were currently considering where $1,500 would be a good place to invest, the first coin that came to mind was MATIC. So, most of us did exactly this thing, put $1,500 into it. Reasons for this:

  • The best Ethereum Layer 2 solution with its own Blockchain.
  • A leader in ZK (Zero-Knowledge) technology.
  • It’s growing its presence in NFTs.
  • It has formed huge Web 2 partnerships like Instagram.

Everything seems rosy for Polygon. And it still has a cheap unit price of under $1. That’s why you can feel like you’re being loaded by buying 1,500 of something of quality.

Coin 2: Avalanche (AVAX)

Avalanche (AVAX) has been quiet in recent weeks. But they have a few big things going for them. There is a lot of interest from NFTs and GameFi in creating their own subnets to operate their own Blockchain. New Core Wallets are a contender for the best Web3 Metamask alternative wallet.

They are home to Arbitrum to GMX, one of the top 2 decentralized derivatives platforms. And Avalanche (AVAX) is now going even deeper into liquid staking. Also AVAX is making a lot of moves but their Blockchain is still falling like the rest of the market. Here is a good buy.

Coin 3: GMX/GLP

Our 3rd cryptocurrency of the day gives you the potential of 2 to 1 or even 3 to 1. One of the few protocols to reverse the price trend of this market is GMX. GMX is one of the largest decentralized perpetual futures markets in crypto. It is also the largest protocol in the ETH Layer 2 Arbitrum.

So here you are buying a leading, emerging DeFi protocol. People want decentralized options for futures trading so they don’t get stuck on Binance or old FTX. It is important to have DeFi options for options, futures, derivatives and other trading contracts. In addition, it will increase further in 2023.

GMX has 2 tokens: GMX and GLP. Both might be worth buying for $1,500 or splitting your $1,500 in half. Both charge from the GMX platform and pay you. GMX gets 30% and governance token. GLP takes 70% of liquidity money and fees for traders in the market.

If you believe in decentralized trading, these cryptocurrencies will increase in value. And even better, Arbitrum doesn’t have its own money yet, although there are rumors for 2023. So, buying GMX and/or GLP acts as a proxy for buying Arbitrum. If GMX grows, so will Arbitrum. Also, as a bonus, you may qualify for a potential Arbitrum token airdrop if you use GMX to trade and hold or bet there. So that’s a nice bonus.

Coin 4: Cosmos (ATOM)

For a $1,500 investment, our 4th cryptocurrency is another favorite, Cosmos. We love interoperability as a theme. Even more than Avalanche’s subnets, the Cosmos ecosystem is the largest and most successful ecosystem on the market for those looking to build their own Blockchain.

Ecosystem projects have a market capitalization of more than $8 billion. We also expect this to increase in 2023. As the ecosystem grows, so will the value of ATOM. Not to mention that you can stake ATOM with many Cosmos validators for a net return of 18-20%. Great return on investment in the best project.

Coin 5: Near Protocol (NEAR)

Next up is Near Protocol. Near is now doing what Ethereum wants to do in the future. Have a fast layer 1 Blockchain that uses sharding to help scale now and then. Sharding allows nodes to store some of the information from a block and not need to store every bit of data from every block. This means the database is smaller, faster and more scalable.

This is Ethereum’s ultimate goal, and Near is already doing it. They have their own Tier 1s and Auroras with their own EVMs. They add over 20,000 new accounts per day and over 320,000 transactions per day. This is an active ecosystem that we expect to grow from here.

Coin 6: Chainlink (LINK)

Spotted a theme yet? Many of these projects are leaders in their respective cryptoeconomics sectors: ATOM interoperability, MATIC-ETH Layer 2, and GMX-DeFi trading in futures. And here we have another leader: Chainlink.

We haven’t talked about Chainlink for a while, but as Web3 grows, so will Chainlink. Chainlink is the leading oracle in the crypto world. This means they provide a valuable link between Blockchain and real-world data for Web3 applications. These are things like stock prices or weather that apps need.

Web3 does not run in a vacuum separate from Web2 or other ‘real life’ events. And oracles like Chainlink bring them together. Thus, it functions as an important infrastructure.

And now one more good reason to invest $1500 in Chainlink, you can finally stake the LINK token. And when you do, you can earn 4.75%. Another nice spin on top quality. At its current price, your $1,500 will get you another $71.25. So just by buying, holding and staking you will have an extra 15.03 LINK at the end of the year. This is currently one of the lowest risk/reward ratios in crypto.

Coin 7: Secret Network (SCRT)

Our 7th cryptocurrency hits another key theme: privacy. So if there’s one good thing from all the central project booms this year, it’s that privacy has made a huge comeback in popularity. Everyone should have at least 1 selling point to take private actions where you can only explain what you want to whoever you want. And our top pick for privacy is one of our gems: Secret Network.

At Secret, you have the bonus that both its Blockchain and its ecosystem are private. Those interested in privacy technology use TEEs or Trusted Execution Environments to keep sender, receiver, and transaction data private and confidential. One of the best places to invest in crypto if you believe in the value of privacy.

Coin 8: Algorand (ALGO)

Our last cryptocurrency today is Algorand. One of the trends that scares us the most but is inevitable is that more countries are introducing CBDCs. And ultimately, although I think it’s bullish for all cryptos but especially Bitcoin, we can’t stop it. After trying the scrap version of the digital currency, they will want the real one.

And Algorand’s primary mission is to bring TradFi to crypto. This is a mission we love and agree with, even if we don’t like CBDCs. But for now, CBDCs are coming and Algorand is by far the largest issuing blockchain that countries can choose to issue their centralized digital currency. We see this trend as unstoppable. So we can try to monetize it and Algorand is the way to do it.

The estimates and comments in the article are the opinions of the analysts and are definitely not investment advice. cryptocoin.comWe strongly recommend that you do your own research before investing.


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