Zhu Su, founder of Three Arrows Capital, shared his recommendations for altcoin projects worth considering in the current cycle. Zhu Su’s selections span three key areas: DeFi, DeFi/CeFi, and meme coins. According to Zhu, each category offers unique opportunities and potential for investors. Here are the details…
DeFi altcoin projects offer unparalleled investment potential
In the DeFi space, Zhu Su featured four altcoins. The first altcoin on his list is MKR, which stands for MakerDAO. Zhu Su highlighted MKR’s on-chain return, which provides investors with a reliable and transparent return on their investment. Next up is SNX or Synthetix, a platform known for its anticipated UI and user experience enhancements. Zhu Su believes these will attract more users and support growth in the coming months.
https://twitter.com/zhusu/status/1680832336328552453
Compound Finance’s native token, COMP, caught the attention of Zhu Su for its continuous development even during bear markets. Despite the tough times, the team behind COMP is committed to building and improving the platform. Finally, AAVE, the token associated with Aave, was recommended for its ability to successfully run multiple risk management experiments.
What’s in the DeFi-CeFi field?
Moving to the DeFi/CeFi space, Zhu Su identified two altcoins. An online casino, RLB or Rubic offers users the chance to gamble in a decentralized way while maintaining the security and privacy provided by Blockchain technology. The second altcoin, OX, represents the native token of Open Exchange, an encrypted platform for demanding and trading crypto assets. Zhu Su sees potential in OX’s unique location at the intersection of DeFi and CeFi that could attract investors seeking exposure to both industries.
Meme coins offer a unique investment opportunity
Finally, Zhu Su turned his attention to the meme coin area and highlighted the two altcoins. Often referred to as the next “Shib,” PEPE continues to make a splash in the cryptocurrency community. With a rapidly growing community and widespread recognition, PEPE has the potential to attract the attention of investors looking for the next big thing. Zhu Su also talked about BITCOIN, a memecoin that brings together iconic figures of Harry Potter, Barack Obama and Sonic the Hedgehog. Although seemingly unconventional, this combination has garnered interest among meme aficionados. It can provide an interesting investment opportunity.
Zhu Su’s advice has received a lot of attention from cryptocurrency enthusiasts and investors. As with all investment advice, it is essential that individuals do their own research and be careful before making any financial decisions. In a highly volatile and rapidly evolving market, staying informed about emerging trends and opportunities is essential. Zhu Su’s insights serve as a valuable resource for investors seeking exposure to altcoins during this cycle. As the market progresses, it will be interesting to see how these proposed altcoins perform and whether they meet Zhu Su’s expectations.
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