After an interesting year for digital assets, crypto trader Alex Saunders has recommended 10 DeFi projects to investors for the coming year. He advised that investors should commit a third of their portfolio to the top projects.
Speaking in an interview on Altcoin Daily, Saunders said that he is bullish on Uniswap (UNI) and SushiSwap (SUSHI). At press time, UNI is down 2.62% to $3.37.
The digital assets trader said he would invest $1,000 into other crypto assets except for Bitcoin (BTC) and Ethereum (ETH). He added that some of the tokens in the top 20 cryptocurrencies are “ghost chains.” He advised further that investors should avoid assets like Bitcoin Satoshi Vision (BSV), Bitcoin Cash (BCH), and Tron (TRX).
Currently, BSV has lost 1.78% and is trading at $286.83, while BCH is also down 2.25% to $287.46. TRX is also down 1.17% 0.026861.
In the interview, Saunders continued with recommending top gaming projects such as Enjin (ENJ) and the virtual reality platform Decentraland (MANA) to investors.
Furthermore, the crypto trader also advised investing in DWeb projects. Confident in the decentralized web, Saunders noted that Dweb is “going to become such a bullish narrative next year.”
Already, Saunders has invested in obscure gaming, DeFi, dApp, and NFT incubator, RedFOX Labs.