Venture Coinist founder and cryptanalyst Luke Martin names a handful of crypto assets that he believes will outperform Bitcoin this year.
In a new issue of Profit Maximalist, Martin says he’s optimistic about the emerging and risky decentralized finance (DeFi) market. Citing a quote from Su Zhu, the founder of Three Arrows Capital, the cryptanalyst explains why he believes that capital will continue to flow into DeFi.
“Here’s what he tweeted: ‘It’s almost like institutional-grade blue-chip DeFi tokens represent real ownership and involvement in emerging peer-to-peer financial networks that will one day be the foundation of the global financial system and that they … are starting to wake up and get it too. ‘
As before, the masses are starting to understand, not just the early investors, but a whole re-evaluation is taking place where even the slower crypto investors are starting to realize some of the old projects they have been and may be backing trying to challenge bitcoin or some of the old platforms that supported them have big visions but never built anything. The money will go somewhere. Either it goes back to Bitcoin or if it is still chasing altcoins it goes to altcoins with billions of dollars locked up and actually building things.
The Normies think so too, not just the keen investors. That is where the extra money comes in and continues to flow into these things. ”
Martin says he’s putting money on a list of DeFi coins as he expects them to be the top performing crypto assets by 2021:
- Yield.Finanz (YFI)
- DeFi synthetic assets trading platform Synthetix (SNX)
- Peer-to-peer routing protocol Aave
- decentralized exchange Uniswap (UNI)
- Automated Market Maker SushiSwap (SUSHI)
- Ethereum-based Stablecoin Governance Token Maker (MKR)
- Credit and Credit Protocol Compound (COMP)
- cross-chain liquidity network THORChain (RUNE)
- decentralized exchange balancer (BAL)
- Stablecoin Decentralized Exchange Curve Finance (CRV)
- Nexus Mutual Transferable Token Wrapped NXM (WNXM)
- Interblockhain liquidity provider for decentralized applications REN
- decentralized oracle network Chainlink (LINK)
- Chain Link Competitor (BAND) tape protocol
Martin says those who invest in DeFi are putting themselves in a position to participate in the future of the financial system.
“What is being built here in the decentralized world in this DeFi world will be much larger than its centralized counterparts.
Think of it like bitcoin versus gold. What do you think will have a higher market capitalization 100 years from now? I think Bitcoin will continue to affect gold’s market cap just like DeFi [projects] will continue to eat in their centralized counterparts. ”
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Featured image: Shutterstock / Mia Stendal