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Messari reveals seven top analysts' bullish projects: Bitcoin, Ethereum, and YFI rank top three.

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Messari reveals seven top analysts

Recently, research firm Messari released its 2021 industry paper, which not only mentioned the founder Ryan Selkis' extreme dislike for certain cryptocurrencies but also listed the cryptocurrency projects that all members of the research team are bullish on.

Previously reported, the industry report titled "Crypto Theses for 2021" was delisted by the exchange and sponsor Bitstamp on December 10 due to subjective criticism in the report. In the report, founder Ryan Selkis directly referred to XRP and XLM as "Toxic Waste."

However, in addition to the criticism, Selkis also listed the asset allocations of all research team members, including himself.

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HODL

Selkis states clearly in the "Assets We Like (HODL)" section:

Don't tell me what you think, just show me your asset allocation.

He points out that a traditional analyst might be dissatisfied with Messari's risk coverage of the assets listed below, but Messari has no intention of imposing such tedious trading restrictions on researchers and believes it will backfire. Selkis emphasizes:

If you are not truly involved in the protocol (holding), then how deep is your understanding of the project?

The following will list the cryptocurrency assets held and favored by seven researchers, including Selkis, excluding Bitcoin and Ethereum.

Founder Ryan Selkis

  • Ren REN
  • NXM NXM
  • Zcash ZEC
  • Filecoin FIL
  • Terra LUNA
  • Aragon ANT
  • yearn.finance YFI
  • Siacoin SC: FIL competitor
  • Litecoin LTC: Grayscale Trust Fund, not spot

Senior Researcher Ryan Watkins

  • Terra LUNA
  • Helium HNT
  • Aragon ANT
  • PowerPool CVP
  • Rocket Pool RPL
  • yearn.finance YFI
  • THORChain RUNE
  • Cream Finance CREAM

Summary: Bullish on DeFi, bullish on Ethereum, bullish on governance startups.

Senior Researcher Wilson Withiam

  • Helium HNT
  • Uniswap UNI
  • Kusama KSM
  • Polkadot DOT
  • THORChain RUNE: Cross-chain liquidity protocol
  • Rocket Pool RPL: ETH 2.0 staking protocol

Summary: Polkadot's "Initial Parachain Offering" model is expected to replicate the ICO of 2017, while Kusama KSM as Polkadot's experimental network is poised for success.

Data Analyst Aidan Mott

  • Ren REN
  • yAxis YAX
  • Zcash ZEC
  • Hegic HEGIC
  • PowerPool CVP
  • Chi Gastoken CHI: Project optimizing Ethereum gas fees
  • Axie Infinity AXS: Combination of mysterious love cats and electronic pets, how can you not love it?

Research Analyst Mason Nystrom

  • Uniswap UNI
  • Helium HNT: Main chain with specific applications
  • Aragon ANT: Bullish on ANJ and ANT merger
  • Axie Infinity AXS: Same reasons as Aidan Mott
  • yearn.finance YFI: Bullish on YFI developer Andre Cronje's project
  • Rarible RARI, Audius AUDIO: Own trading market and on-chain network
  • Chiliz CHZ: Token with practical applications, collaboration, and NFT properties like "NBA Top Shot"

Summary: Rarible RARI is a digital collection and trading platform for NFTs; Audius AUDIO is a decentralized streaming media platform.

Senior Researcher Jack Purdy

  • Helium HNT
  • Hegic HEGIC
  • yearn.finance YFI
  • Perpetual Protocol PERP
  • Alpha Finance Lab ALPHA

Summary: Perpetual Protocol, a decentralized derivatives trading platform, has gained attention but has yet to be widely adopted, expecting to shine in 2021.

Market Data Vice Manager Eric Turner

  • Zcash ZEC
  • Melon MLN
  • PowerPool CVP
  • yearn.finance YFI
  • THORChain RUNE

Summary: Bullish on projects that integrate liquidity, governance, and earnings, making it easier for users to participate.

2021 Star Project Statistics

Summarizing the asset lists of the analysts, the projects mentioned two or more times are as follows:

  • Ethereum: 7
  • Bitcoin: 6
  • yearn.finance YFI: 5
  • Helium HNT: 4
  • Zcash ZEC: 3
  • Aragon ANT: 3
  • PowerPool CVP: 3
  • THORChain RUNE: 3
  • Ren REN: 2
  • Terra LUNA: 2
  • Uniswap UNI: 2
  • Hegic HEGIC: 2
  • Rocket Pool RPL: 2
  • Axie Infinity AXS: 2

Surprisingly, Messari analysts favor Ethereum slightly more than Bitcoin, but both are favored by all analysts, except Ryan Watkins, who only lists Ethereum and ignores Bitcoin.

And this year, the developer wizard Andre Cronje, known to everyone through yearn, has also become a reason why all analysts continue to favor YFI, albeit falling behind Bitcoin by one vote.

ZEC also receives high support, but in reality, privacy-focused privacy coins like Zcash (ZEC), Monero (XMR), and Dash (DASH) may be seen as having a higher money laundering risk by regulatory agencies, including South Korea, which has previously legislated to ban exchanges.

However, no matter how analysts view projects, it is essential to manage your asset allocation well and establish profit-taking and stop-loss strategies before investing.