Good contract protocol Polkadot’s DOT token and funds protocol Terra’s LUNA are the “most promising” tokens as we enter 2022, in response to crypto funding fund Pantera Capital CEO & founder Dan Morehead.
Talking in an interview on CNBC this week, Morehead stated that he’s a powerful believer in a multi-blockchain future, and that this is likely one of the the reason why he’s so bullish on Terra.
“I feel we’re all coming to the conclusion that there received’t be just one blockchain sooner or later, there will probably be possibly 10 or 20 crucial blockchains,” Morehead stated.
He added that that is the place Polkadot’s power is, because it “will assist transfer worth from one [blockchain] to a different,” noting that the protocol’s first decentralized finance (DeFi) initiatives ought to go reside within the first quarter of 2022.
“We see an enormous quantity of momentum there,” Morehead stated concerning the Polkadot ecosystem.
Commenting on Terra, Pantera’s founder stated that many individuals are simply discovering LUNA.
“It has a [USD] 31 billion market cap proper now, so it nonetheless has loads of room it could develop,” Morehead stated.
Additionally, he added that the protocol now has the third-largest stablecoin, UST, constructed on it, and that it’s rising at “a really, very speedy fee.”
UST, ranked twentieth by market capitalization (on Coingecko), reached USD 10bn capitalization this month, in contrast with lower than USD 200m in January this yr.
Lastly within the interview, the Pantera boss additionally pointed to 1 coin from the insurance coverage area of interest inside DeFi, saying he’s “very excited” about Danger Harbor, a decentralized market for danger administration.
“All of those various kinds of insurances that we’d like in the actual world, and specifically proper now for the DeFi ecosystem, can all be carried out in a decentralized means on Danger Harbor,” Morehead stated.
He added that whereas {the marketplace} is concentrated on DeFi for now, “it may broaden out to all types of insurance coverage merchandise sooner or later.”
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