As the new year approaches, crypto strategist Alex Saunders says he’s bullish on DeFi, gaming and the DWeb, otherwise known as Web 3.0.
In a new interview on Altcoin Daily, Saunders explains how he would invest $1,000 today on crypto projects not named Bitcoin or Ethereum.
Saunders says he believes some of the assets in the top 20 are essentially “ghost chains” and should be avoided, such as Bitcoin Satoshi Vision (BSV), Bitcoin Cash (BCH) and Tron (TRX).
Instead, the analyst says investors should have exposure to DeFi, allocating about a third of that portfolio across the top 10 DeFi projects.
He specifically says he’s bullish on the decentralized exchanges Uniswap (UNI) and SushiSwap (SUSHI).
Saunders suggests apportioning another third of that hypothetical $1,000 portfolio to top gaming projects like Enjin (ENJ) and the virtual reality platform Decentraland (MANA).
He’s also invested in RedFOX Labs, an obscure gaming, DeFi, dApp and NFT incubator that recently received an investment from Mike Novogratz and Galaxy Digital. Saunders is also exploring an older Ethereum-based project called Game Credits (GAME).
Saunders says the last third of that hypothetical portfolio should be invested in DWeb projects.
Citing numerous examples of censorship by tech companies this year, he says the decentralized web is “going to become such a bullish narrative next year.” He specifically mentions looking at indexing protocols like The Graph (GRT).
l
Check Price ActionDon't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/AleksandrMorrisovich
