Analysts at crypto hedge fund Pantera Capital are naming two altcoin projects they’re optimistic about for the bull run.
In its latest Blockchain Letter, Pantera analysts Cosmo Jiang and Erik Lowe say they are looking for crypto projects that are gaining fundamental traction.
“Tokens [with] underlying protocols that have product market fit, are guided by strong management teams, and have a path to sustainable unit economics will perform best in the coming cycle.”
The analysts first mention Stacks (STX), a project that aims to help scale Bitcoin (BTC) and bring smart contract capability to the leading cryptocurrency by market cap.
Say the analysts,
“Stacks’ mission to bring innovation to Bitcoin is thus both exciting and timely. Interestingly, in this moment in time, Stacks is also the only live-generalized smart contract layer-2 on Bitcoin today, which contrasts with the Ethereum ecosystem where there are dozens of competing layer-2s jockeying for market share.
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