The head of research at an $800 million crypto asset manager explains how he studies altcoin projects before picking winning bets, and shares the 3 altcoins on his uptrend radar.
The story of going down the crypto rabbit hole
Katie Talati was working with venture capitalists and early-stage fintech startups when she discovered cryptocurrencies and digital assets in 2014. But it wasn’t until the furious bull market of 2017 that crypto fell. deep down the rabbit hole. Suddenly, every fintech company he worked with wanted to add a token strategy to their line of business. In an interview, Talati says:
I have assisted several companies with their token strategy or designed how to apply token strategy to their overall business. That’s when I went down the rabbit hole and started learning more about digital assets.
Through his fintech consulting work, Talati met the founders of Arca, another startup working to create enterprise-grade digital asset investment products. Today, he leads a team of four analysts as head of research for the crypto asset manager, which has raised over $800 million since its launch in 2018.
But the first step always starts with testing the usability of a product. At this stage, Talati aims to find out if the product is easy to use, if it requires linking tokens to another Blockchain or setting up another wallet, and if the approval period is delayed.
After that, he looks at tokens from the project that could shed light on how the altcoin might perform in the future. A project’s tokens typically include the total token supply, circulating supply, issuance, ownership, and distribution.
However, some analysts point to the risk of stETH leaving Ethereum or losing value if Ethereum’s Proof of Stake (PoS) transition is delayed or user confidence in “The Merge” is lost. According to Bloomberg, Lido claims that the token’s liquidity will help it withstand any selling pressure for a long time.
Talati is also positive about Maple Finance (MPL), a decentralized lender that counts quantitative trading outlet Alameda Research, Amber Group and venture capital firm Framework Ventures among institutional borrowers on the platform.
cryptocoin.com As we covered in its news, Maple Finance raises capital from hundreds of lenders who invest their cryptos in a diverse pool to earn interest on the pool’s liquidity. Before borrowers get their loans, they go through a pool-specific underwriting process specified in the USD stablecoin (USDC).
Also on Talati’s radar is Trader Joe (JOE), the main decentralized exchange of Avalanche (AVAX). According to DeFi Llama, the one-stop decentralized trading protocol has grown rapidly since its launch in June last year, with a total value locked of $1.24 billion. Talati highlights two symbolic changes implemented by Trader Joe’s as positive catalysts.
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