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A popular crypto analyst is naming his top altcoin picks as the crypto markets head into a new year.

In a new interview with Altcoin Daily, Into the Cryptoverse founder Benjamin Cowen tells the channels 1.8 million YouTube subscribers that layer-1 blockchain projects are his primary focus of interest.

First and foremost is leading smart contract platform Ethereum (ETH).

Obviously theres Ethereum, but thats sort of the altcoin index.

You want your altcoins to outperform Ethereum or at least oscillate against it. Look at their ETH values over the macro scale.

MATIC I think is a good project, layer-2 scaling I think is important.

But also Cardano, Polkadot, Avalanche.

The multi-chained scaling solution Polygon (MATIC) has gone on an epic run in 2021, rising from $0.03 to a new all-time high of $2.88 last Saturday. MATIC has since corrected and currently trades for $2.49.

Also high on Cowens list is scalable decentralized blockchain platform Cardano, whose native token ADA ranks 6th by market cap. The altcoin has seen a roller coaster of price action, launching from $0.18 to a summer high of $2.91. Currently, ADA is valued at $1.33.

Cross-chain interoperability protocol Polkadot (DOT) ran from a January low under $10 to highs above $47 in May and $54 in November, but has since corrected heavily and DOT now trades for $26.56.

Last on Cowens list of favorites is layer-1 smart contract platform Avalanche (AVAX). The AVAX token started 2021 trading for around $3.50 but has gone on a series of epic rallies, ultimately grinding up to an all-time high of $144.96 in late November. The 11th-ranked crypto asset is exchanging hands for $101.04.

Moving on to his honorable mentions, the popular chart guru likes smart contract platform Solana (SOL), which started the year under $2 and soared to nearly $260 back in November. The altcoin is valued $170.84 at time of writing.

Solana, I think its decent, its a little more centralized than I would like.

But it doesnt mean thats necessarily a bad thing for some people, because some people just prefer that.

Cowen remains interested in oracle network Chainlink (LINK) despite native token LINKs disappointing numbers in relation to ETH.

Chainlink is an interesting one because its one that did really well in the bear market.

I hold it and its not met my expectations this market cycle.

Im looking for that one to do something good in 2022 because frankly, its down 90% against Ethereum over the last 18 months.

Chainlink started the year under $12 and reached an all-time high of $52.70 back in May, before crashing to $20.10 and ultimately $13.88 by July, before grinding its way back up in recent months.

LINK has had a rocky past month, reaching a high of $26.81 before crashing to $17.61 and then climbing back above $24 briefly. Chainlink is trading for $19.62 at time of writing.

In contrast, Ethereum has seen a breakout year, rising over 400% from $730 to its current valuation of $3,647.

Last on the list of runner-ups is Ethereum competitor Terra (LUNA) whose native token LUNA underpins a suite of decentralized stablecoins. LUNA began the year at $0.64 and has witnessed major gains. Currently, its trading for $83.41.

Cowen wraps up by saying,

The main projects that I follow are Cardano, Polkadot, Avalanche, MATIC, LUNA, Solana.

Its really hard to go wrong if you just look at the top 10 or 20. Get layer-1s, a couple of layer-2s, an oracle.

I think thats a great crypto portfolio right there.

I

Featured Image: Shutterstock/Tithi Luadthong

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Ethereum, Cardano and Three Additional Altcoins Are Top Crypto Assets for 2022, According to Analyst Benjam... - The Daily Hodl

What happened

Tuesday wasn't exactly a banner day to be an altcoin investor, as the assets leading the crypto pack were hit by sell-offs.

The prices of many altcoins fell on the day, with more than a few tumbling at double-digit rates. Among these unfortunates were Near Protocol (CRYPTO:NEAR) and The Graph (CRYPTO:GRT), both of which slid by over 10%. Emerging with relatively less damage was Helium (CRYPTO:HNT), down by "only" 7%.

Image source: Getty Images.

In the crypto world, when Bitcoin (CRYPTO:BTC) sneezes, a vast number of other tokens catch a cold. That was certainly a mover behind the Tuesday drops of Near Protocol, The Graph, and Helium, as Bitcoin set the pace with a more than 6% slide.

There was little direct news with any of those coins that would have pushed their prices down. The same goes for Bitcoin.

The crypto leader likely suffered from a combination of the general financial asset trading lull between Christmas and New Year's Day, and a recalibration of many mixed-asset portfolios that include comparatively risky holdings like cryptocurrencies.

Also, some brokerages are forcing/encouraging clients to liquidate more heavily leveraged positions at year-end. As Bitcoin is pricey these days and ever-volatile, it's a prime candidate for such portfolio cleaning. That goes double for most altcoins.

Investors in Near, The Graph, and Helium shouldn't be spooked by Tuesday's price movements, even though -- in the case of the first two coins -- a double-digit drop isn't easy to swallow. For example, Near Protocol is the native crypto of a proof-of-stake blockchain that could give Ethereum a run for its money, while Helium underlies a promising decentralized wireless network.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Why Altcoins Like Near Protocol and The Graph Plummeted Today - The Motley Fool

One under-the-radar altcoin thats designed to solve several of Ethereums biggest challenges is stacking up massive gains as ETH and Bitcoin (BTC) consolidate into the new year.

The layer-2 scaling solution Metis Token (METIS) offers lower fees and faster transaction times than Ethereum, while still retaining the security of the leading smart contract platform.

According to the project website,

Offloading data and execution to a second layer allows Metis to provide a more scalable and cost-efficient environment for building and interacting with Web3 applications.

The protocol employs optimistic rollup technology to achieve its functional goals on a layer above the layer-1 blockchain but relies on this underlying layer for both security and settlements.

METIS, its native token, can be used for staking and internal payments, but also serves an important function within the Metis Virtual Machine (MVM) during the creation of a decentralized autonomous company (DAC).

The project explains,

METIS tokens also play a role in reducing spam and ensure trust between developers and users alike. Users must stake some amount of METIS to start a collaboration with others on the platform, such as the founding of a DAC.

These tokens will be returned to the initial users if the collaboration is successful. Unsuccessful collaborations can lead to users losing their stake (akin to slashing penalties). Collaborators will also be paid and rewarded in METIS for the contributions.

The price of METIS surged 122% from December 22th to the 27th, working its way up from $73.68 to an all-time high (ATH) of $164.23.

After some choppy corrective action took the altcoin as low as $133.42 earlier this week, its back up another 18.3% today and touched a fresh ATH of $175.60. It is now up 134% in the last seven days.

By contrast, Ethereum has been trading flat all week and at $3,762 is down 18.8% from its monthly high of $4,631.

Bitcoin remains below $50,000 and is currently priced at $47,648.

Featured Image: Shutterstock/Sergey Nivens/Fotomay

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Ethereum-Based Altcoin Quietly Rallies 122% in Five Days While Bitcoin and ETH Dip - The Daily Hodl

The world of cryptocurrency has always been on everyones radar but recently has boomed in popularity, and for good reason. Investing in Bitcoin and Altcoins has become more accessible to the average person in 2021 and many are flocking to get their hands on some cryptocurrencies! Cryptocurrency offers people an alternative way to invest and make some serious money, but it does take some skill.

If youre looking to invest in cryptocurrency, but dont know where to start, this list has got you covered! Here are 6 important things you need to know before you start investing in cryptocurrency. Follow these simple tips and tricks and start trading Bitcoin and Altcoins right!

Becoming a pro-investor in cryptocurrency is not something that happens overnight! Before you jump the gun and start investing in crypto, its important to do your research and learn the basics. First, do your research into what kinds of currencies youd like to trade with. Look up the differences between Bitcoin and other alternative coins (Altcoins).

Next, do some research on the industry to figure out whether trading cryptocurrency is something you want to do. Youll be better off if you know what the risks are, what to expect, and what you can get out of it, so do your research!

If you cant decide between investing in Bitcoin or Altcoin, doing a little research beforehand is a good idea. Bitcoin is currently the most popular currency, but there are other options out there. A few profitable Altcoin options to consider are Ethereum, Tether, or Dogecoin.

Each currency has its own pros and cons, risks, and markets to consider. Well-established currencies like Bitcoin have the largest market share, are easier to get into, and are more reliable. Although Altcoins are riskier, they provide more options to choose from and higher potential rewards.

Whether youre starting out or you want to switch it up, finding a good cryptocurrency exchange is essential. Most cryptocurrency trading happens online in cryptocurrency exchanges, so its important to find one that you can trust. Exchanges offer different accessibility options to users, so be sure to find one that provides what you need. Find a site that offers the right amount of security to keep your funds and coins safe to your liking. Do your research and be on the lookout for scams and fraudulent sites, as there are still plenty around in 2021.

The world of cryptocurrency trading is a fast and volatile one. You have to be able to constantly stay in the loop to keep up. Stay connected with all the frequent updates by joining an online cryptocurrency community. Learn valuable insight, tips, and tricks, and pick up on trends easily with this connection. There are plenty of places for Bitcoin and Altcoin traders to exchange information and trade online, some safer than others. Take everything you read with a grain of salt and be on the lookout for scammers when browsing chats, forums, and communities.

Before you get into your next trade, you need to have a solid plan. Figure out what goal you want to achieve and put in the proper work to get there. Pace yourself and set limitations on your investments to become a successful investor. You need investment boundaries to make sure that you dont get in over your head and that you dont lose everything. Avoid the deep end straight away, start off with a few small investments and work your way up instead.

Its important to remember that the cryptocurrency industry is volatile and that you could lose everything if you dont play your cards right. Good risk management is as necessary as having a goal and boundaries. Find a balance between what you can afford to invest in and what you can afford to lose. Dont bite off more than you can chew, this is especially important with Altcoins! You have to risk big to win big, just make sure you dont risk it all when investing in cryptocurrency!

Now that youre all caught up with these 6 important things, youre ready to take on the Bitcoin and Altcoin market! Whatever currency you decide to go with, doing the proper research beforehand is essential. Figure out when, where, what, and why to trade before you start investing in any coin.

Choose a currency and cryptocurrency exchange that best fits your needs and wants as an investor. Join an online community to stay up to date and to learn the tricks of the trade, but be on your guard. Whether youre starting out or are a veteran cryptocurrency trader, remember to always set goals and boundaries for yourself. Dont get carried away, manage your risk, and good luck!

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Bitcoin And Altcoins Explained: 6 Important Things You Need To Know - The Seeker Newsmagazine Cornwall - The Seeker

While a majority of the crypto market and assets have been experiencing losses for the past 2 months, MATIC has been rallying on the macro scale. The uptrend that began in October has surprisingly continued despite a couple of instances of MATIC falling through it.

The 3 sets of rallies that put MATIC at $2.87, helped the altcoin rise by over 174% in the span of just 2 and a half months.

The first rally of October shot MATIC up by 103.1%, the second rally of November helped the altcoin rise by 62%, and the final and most recent rally took MATIC up by 58.3%. However, MATICs tradition of losing a part of its gains continues with the 13.57% fall witnessed over the last 2 days.

But the one thing that matters the most is its investors situation. 3 months ago about 52% of its 309k addresses were suffering from losses. Today that figure has come down to just 1.18% and the rest of its 98.82% are avoided losses for now.

Out of these the 18k addresses specifically were losing the most, due to buying around all-time high prices are relieved.

Going forward, MATIC might need to increase the proportion of its long-term holders compared to the mid-term holders it has. An asset can maintain low volatility if the investors arent incessant with their selling.

Even as the coin hit its ATH 2 days ago 55 million MATIC worth over $155.5 million was sold off in a day.

The only matter of concern hereon is the assets improving correlation with Bitcoin. Usually, this is a good sign but since the king coin is going down presently and MATIC is going up, a high correlation could be ruinous for the altcoin.

Fortunately, it is presently at -0.08 up from -0.7, so there is still some time before we see any effects of the king coin. Investors can consider a high correlation as the correct exit point, provided Bitcoin continues to move the way it is presently.

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Correlation with Bitcoin can have this impact on MATIC's strong rally going forward - AMBCrypto News