A crypto analyst remains highly bullish on several altcoins despite waiting patiently for better entry points before buying. According to the analyst, projects like Monad and Canton are among the strongest long-term plays if Bitcoin revisits lower support zones near the 200-week moving average.
One of the main projects on his radar is Monad, a heavily backed Layer-1 blockchain currently sitting near a $310 million market cap.
The analyst noted that Monad’s chart structure looks surprisingly healthy compared to many VC-backed Layer-1 launches that often collapse after launch. He compared it to projects like ICP, which saw huge post-launch crashes, while saying Monad’s price action has remained relatively organic despite launching near the end of the bull cycle.
He also highlighted Monad’s strong financial backing, with the project raising roughly $431 million, even slightly more than Sui raised before its major breakout cycle.
The Monad price today stands near $0.028240 with a 24-hour trading volume of roughly $130.8 million. The token is also up around 3.77% over the past 24 hours.
The second project he wants to stack is the Canton Network.
According to him, Canton has one of the strongest institutional backing lists in crypto right now, including support tied to Goldman Sachs, Citigroup, Nasdaq Ventures, Samsung Ventures, Binance Labs, and S&P Global.
The analyst says Canton could become a major tokenization play for the next cycle, particularly as Wall Street continues pushing blockchain-based financial infrastructure.
The Canton price today stands near $0.154547 with a 24-hour trading volume of roughly $30.4 million. The token is also up around 1.10% over the past 24 hours.
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