The founder and CEO of digital asset funding agency Pantera Capital, Dan Morehead, is expressing optimism about two cryptocurrencies which can be ranked within the prime ten by market cap.
Beginning off with Polkadot (DOT), a platform designed to permit interoperability amongst numerous blockchains, Morehead says in a CNBC interview that the tenth largest cryptocurrency by market cap will launch its first decentralized finance (DeFi) protocol within the first three months of 2022.
“I believe we’re all coming to the conclusion that there gained’t be only one blockchain sooner or later.
There shall be you realize possibly 10 or 20 crucial blockchains.
And so Polkadot will enable you to transfer worth from one to the opposite.
And their first DeFi protocols are going stay within the first quarter so we’re very enthusiastic about it.
… We even see enterprises like Deutsche Telekom beginning to construct on Polkadot. And fairly plenty of builders are constructing on it. So we see an enormous quantity of momentum there.”
Just a little over per week in the past, Germany’s telecommunications large Deutsche Telekom announced intentions to develop into a Polkadot validator. A Deutsche Telekom subsidiary additionally purchased DOT tokens.
Subsequent up is Terra (LUNA), a blockchain that makes use of stablecoins to make programmable funds and the event of open monetary infrastructure doable. In response to the Pantera Capital head, Terra is without doubt one of the “most promising cash” for 2022.
“[Terra] permits the algorithmic stablecoins to be constructed they usually have the third most precious stablecoin UST constructed on prime of it. And it’s rising at a really very fast price.
… We expect it’s some of the promising cash for the approaching yr.
So many individuals are simply discovering it and simply beginning to commerce it. It has a $31 billion market cap, so it nonetheless has loads of room it might probably develop.”
Ranked ninth by market cap, Terra is buying and selling at $87.63 on the time of writing, up by over 13,000% for the reason that begin of 2021.
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