Investing in crypto tokens is not easy. Generally, crypto experts think that coins named after dogs, frogs or cats will outperform tokens associated with legitimate projects. However, this strategy often leads to losses of up to 99%.
Pantera’s Investment Strategy
Portfolio manager Cosmo Jiang from Pantera Capital emphasizes the importance of fundamental investing in the crypto industry. Jiang states that an environment where fundamental analysis is missing will mean failure.
“If there is no fundamental analysis-backed investment in this industry, it just means we have failed.”
Jiang focuses on public tokens, with about $5 billion in assets under management at his firm, Pantera Capital. When determining investment criteria, it evaluates product-market fit and the team’s ability to realize its vision.
Solana and Ethereum Comparison
Jiang counts Solana (SOL) and Telegram’s TON tokens among his favorites, while Ethereum $3,701.1He thinks that (ETH) is not as attractive as it used to be. Solana has increased the number of daily active addresses more than Ethereum in the last six months.
“User growth determines the true value of a token.”
It was stated that Solana’s revenue increased by 180% in the last 30 days, while Ethereum increased by 37%. Although this has led to a narrowing of the annual revenue gap, Ethereum’s market cap is still four times that of Solana.
DePIN Projects and Investment Areas
Jiang also shows interest in DePIN projects. DePIN is a term that covers projects focused on building physical infrastructure with blockchain technology. Projects such as Render Network and Arweave are evaluated in this context and attract the attention of investors.
“DePIN projects attract investors’ attention because they are businesses operating in the real world.”
However, Jiang is not cautious about meme coins. Instead, he prefers to invest in projects that provide meme coin trading services.
Investment strategy for Bitcoin in 2024 
$97,963.4Although he could not achieve the 132% return of , he predicts that blockchain technology will provide higher returns in the long run as the number of users reaches billions.
Jiang thinks that on a multi-year compound basis, crypto investments will succeed and surpass Bitcoin as companies providing blockchain technology infrastructure grow.
The future of blockchain technology can be shaped by investors making decisions based on fundamental analysis. This approach is considered critical for sustainable growth.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
