It’s been just revealed that this is the time for accumulating Ethereum rivals. Now it’s the time to start buying Polygon and Solana, InvestAnswers notes. Check out the latest reports below.
Accumulation time
It’s been just revealed that there is a popular crypto analyst who says the best altcoins to accumulate right now include Solana (SOL), Polygon (MATIC), and five Ethereum (ETH) rivals.
In a new strategy video, the host of InvestAnswers said that there are five layer-1 altcoins, TRON (TRX), Tezos (XTZ), Harmony (ONE), Flow (FLOW), and Fantom (FTM), which are currently a solid value based on the price per daily active users (DAU) metric.
“This is probably the most important thing you need to look at. And this is the most bang for the buck layer ones out there. Some of them are old like the TRONs (TRX) of the world and Tezos (XTZ). But you have Solana there, you got Polygon there, you got Harmony (ONE), Flow (FLOW), Fantom (FTM). These are all cheap based on the price per daily active users.”
He continued and pointed out the following:
“There are many other ways in which we value them, but it’s a simple place as to where you can look to shop and what you need to think about accumulating. And again, you know what this channel likes and what we’ve liked since April 2021. And we have not deviated once.”
The crypto market is shaken
According to the latest reports, Binance will not go through with its proposed acquisition of struggling rival FTX. The news shook the crypto market the other day.
This is pretty unexpected, and it comes less than a day of reviewing the company, according to a person familiar with the matter, as per CoinDesk.
The online publication notes the following:
“Binance’s non-binding letter of intent for the takeover – announced Tuesday as FTX’s financial position appeared to be spiraling out of control – hinged on Binance performing due diligence.”
