In a recent interview, Raullen Chai, CEO of the IoTeX platform that connects real-world devices and data to Web 3.0, discussed the new trends of the cryptocurrency market and shared 6 altcoin projects he has invested in.
Can you tell us about your favorite crypto projects?
One of the questions posed to Chai was about finding out which altcoin projects the IoTeX CEO likes. Chai has this to say about it:
I love Bitcoin and to be honest I love Ethereum. I think these are the two projects that everyone loves… Everyone loves them. But there are smaller ones that I like too.
Saying that he likes Bitcoin and Ethereum like everyone else, Chai emphasizes Uniswap and a privacy protocol when it comes to small-volume altcoin projects:
Uniswap, I really like it because this a huge improvement. It gives birth to AMM. It basically opens a new chapter for DeFi. Maybe you don’t know but before that, a decentralized exchange was just a disaster because everything relied on ledgers and the chain was slow so it almost didn’t work. But thanks to Uniswap everything is running very smooth right now.
Tornado Cash (TORN), a decentralized, surveillance-free privacy solution based on Ethereum, another altcoin on the CEO’s radar:
And another one I love is Tornado. This is a kind of privacy protocol. It allows your Ethereum or other tokens to be mixed with other Ethereum tokens and you can try to gain some kind of privacy. This is a protocol that I really like, although it has some issues.
IoTeX CEO invests in these altcoin projects
IoTeX token aside, Raullen Chain includes these altcoin projects in its long-term portfolio:
As I said, a very long-term one I own Bitcoin and Ethereum. If you look at my wallet, I haven’t moved these tokens in many years. they are still there. These are long-term investments. In the short term, I’m considering other tokens like CityDAO, Avalanche. I want to invest in a protocol like a layer 1 protocol or platform protocols. Because for these DeFi games there is usually a very small life cycle, a very short life cycle.
What will the price of Bitcoin be a year from now?
As quoted by Kriptokoin.com, the Bitcoin price has lost double-digit value since last week and is traded in the region of 41 thousand dollars. The CEO of IoTeX gives the following short answer to the Bitcoin price prediction question posed to him:
You know, if I’m not mistaken, Bitcoin halving is coming in 2024. This usually means that starting a year and a half before halving, the price will go up in my experience. I think we are at that point. I think Bitcoin will go to maybe $50,000 or $80,000 by the end of this year. If it goes even better, $100k could be possible. This is just my guess.
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