‘People should invest in all of the major layer-1s,’ says a veteran trader

Scott Melker is a veteran trader and pocaster who believes that all investors should have access to major layer-1 protocols. Melker believes it is more sensible to invest in the infrastructure that will enable these projects to succeed, rather than picking out individual crypto projects like NFTs and blockchain games.

“Any one of these small projects could go crazy. You’ll have difficulty choosing which ones. In an exclusive interview with Cointelegraph, he stated that you should only own layer 1 and the infrastructure on which they are built.

He said, “While you may not have a Bored Ape but Ethereum holders have definitely benefited from Bored Apes’ success!”

Melker said that approximately 65% of his portfolio assets are in crypto. Melker is very bullish on Ethereum, in addition to Bitcoin, which accounts for the bulk of his long term holdings.

“Nothing is going be able to destroy Ethereum. Ethereum will be around forever, I believe. He said that Ethereum is an important asset and should be available to everyone.

Melker believes that the Merge will give Ethereum a huge boost in price.

“This is a hugely positive event for Ethereum. (…) “I believe it will be an even better chain, more useable after this happens,” he stated. “Eventually, Ethereum will be available at $20K, $30K, and $40K.”

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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