Pantera Capital Bullish on Stacks and dYdX as Standout Altcoins With Long-Term Potential
• Pantera Capital analysts optimistic about Stacks (STX) and its mission to bring innovation to Bitcoin and smart contracts. As a first mover layer-2 for Bitcoin, it has a competitive edge.
• Pantera also positive on decentralized exchange dYdX (DYDX) due to its inflection to positive unit economics over past year, earning fees from trade commissions.
• dYdX now distributing profits to token holders, making token value accrual more concrete.
• The analysts believe projects with product-market fit, strong teams and sustainable economics will outperform.
• DYdX and Stacks named as two altcoins with potential to do well this market cycle.