Cryptocurrency

Crypto Trader Alex Saunders Names Top Altcoins to Hold in 2021 Portfolio

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).

 

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