The Coin Bureau’s Guy Turner is revealing his top four altcoin picks, including Cardano (ADA) and Monero (XMR).
In a new interview on the CryptoBusy podcast, Turner says that Cardano’s blockchain updates and its passionate community earn it a spot on his top four list.
“I would go ADA right now. Yes, it has its problems. And it has its detractors. But I do think he’s made a lot of progress recently. I think Vasil’s update seemed to go pretty well. Obviously, there is a very dedicated Cardano community, which I like.
And I think that’s an increasingly important thing in crypto because these projects need users, they need communities to survive. So I like that about Cardano. I like the fact that there are many more updates scheduled. We have Hydra on the way. That is mainly focused on scaling. So I think there is a bright future.”
ADA has a value of $0.40 at the time of writing.
Next, Turner chooses the Arweave (AR) decentralized storage network.
“One that I am definitely looking at for the future is Arweave. I think decentralized data storage — that whole sector has a great future. Obviously, Arweave is not the only one. You have things like Filecoin storage and projects like that…
I think it also has a crossover because we often tend to think of it in purely cryptographic terms. But as the world becomes more and more digitized, there will be more and more people producing more and more data. That will have to be stored somewhere.”
Arweave is trading at $11.86 at the time of writing.
The popular trader also chooses Cosmos (ATOM) and, in particular, a project built on its blockchain called Osmosis (OSMO).
“I’m really interested in particular ecosystems. We talked about ATOM earlier. I love ATOM. I love the project. I love the fact that so many of the developers, so many of the tech heads that I talk to, are at ATOM, they’re at Cosmos and they’re always saying, Wow, the tech there is insane. So I love ATOM but I also love the ATOM ecosystem. So something like Osmosis”.
Cosmos is worth $13.98 while Osmosis is worth $1.02 at the time of writing.
Lastly, Turner chooses the privacy-focused Monero protocol.
“It sort of ties into what he was saying about this lack of trust in governments, in institutions, whatever. I think everyone should have a stack of privacy coins. Everyone should be able to transact in private if they want to.”
Monero is trading at $163.68 at the time of writing.
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