Analyst Says You Need These 3 Alts in The Coming Bull Run
PYTH and LINK, the RWA Narrative
It should not come as a surprise to anyone that tokenisation of real-world assets (RWA) is a hot topic right now and likely to dominate the next bull run. Miles Deutscher talked about RWA and tokenisation in a recent post and even Larry Fink is bullish on the use cases here. When the CEO of the largest asset manager is on board, you know you should pay attention.
Crypto Banter host Ran Neuner believes that the integration of real-world assets into the cryptocurrency space is a significant trend, one he plans to engage with in the current bull market. He highlights that both Pyth Network (PYTH) and Chainlink (LINK) are part of this narrative.
Neuner says he is particularly interested in how Chainlink, which he holds as part of his investment portfolio, functions as a crucial price feed provider for various real-world assets.
He views Chainlink’s breaking of resistance levels, potentially reaching around USD $30 (AUD $46.10), as an indicator of its importance in this space. Neuner’s focus is on investing in narratives like real-world asset integration, where he sees significant potential for growth.
Chainlink (LINK), 7-day graph, source: CoinMarketCap
Crypto Banter Likes The ROSE Narrative But…
Neuner likes the Rose (Oasis Protocol) narrative but chooses not to bet on it. He acknowledges that Rose, a layer one blockchain built with the Cosmos SDK focusing on institutional privacy, has seen development and progress, including the launch of its main decentralised exchange, Illumine X.
Despite investing in Rose back in 2017 and recognising its advancements, Neuner has decided not to pursue this narrative actively. According to the former CNBC analyst there is an abundance of other investment narratives in the market, such as gaming, and says this is why he is not championing or heavily investing in the Rose narrative at this time.
Source: Crypto Banter/ YouTube
Liquid Staking More to Banter’s Liking
Eigenlayer is the talk of the town right now and Neuner is enthusiastic about the narrative of liquid staking, particularly with regard to Eigenlayer. Eigenlayer is a protocol that enhances the concept of liquid staking. In traditional staking, users lock up their crypto, such as Ether (ETH), to support the operation and security of a blockchain network, earning rewards in return. However, their assets become illiquid during this period.
Liquid staking, in contrast, allows users to stake their crypto and receive a liquid token in return. This token represents their staked assets and can be used in other parts of the crypto ecosystem while still earning staking rewards. Essentially, it enables users to retain liquidity and engage in other investment opportunities without sacrificing their staking rewards.
Eigenlayer is Good But It Gets Better, Says Neuner
Neuner then says to his followers that he found a very promising project with a great risk-reward ratio.
“I started speaking about STRIDE over here in December. To be fair, [since] November/ December STRIDE is already up 400%. But I still think that if you understand what I’m about to say to you, you will understand why I’m so bullish about this.”
Neuner sees STRIDE as a unique investment opportunity due to its ability to offer optionality and exposure to an entire ecosystem rather than being reliant on the success of a single blockchain. This approach to liquid staking presents a potentially lower risk with diversified rewards, making it an attractive option for investors looking for exposure to the Cosmos network.
“The reason why STRIDE is different is because STRIDE is not a bet on just one chain, like Jito is on Solana or Lido is on ETH. STRIDE represents optionality on the success of any, many, or all Cosmos chains. Because Cosmos is a technology, STRIDE allows you to restake not only on one chain. Currently, it allows you to stake a few Cosmos chains, but soon, probably every single Cosmos chain. This means that when you invest in STRIDE, you’re betting that chains like Injective, Celestia, Zeta, or any other in the ecosystem will succeed.”