Alt Coin

Coin Bureau Buys Two Ethereum Challengers, Unveils 2022 Crypto Strategy and Updated Portfolio

The host of the favored crypto outlet Coin Bureau is detailing his 2022 crypto technique and says he purchased in the course of the market-wide dip this month.

In a brand new video to his 1.78 million YouTube subscribers, pseudonymous dealer Guy says that he went in on Ethereum (ETH) opponents Polygon (MATIC) and Fantom (FTM), king crypto Bitcoin (BTC), altcoin Cosmos Network (ATOM), and ETH itself during the latest crypto market pullback.

“The crypto market basically collapsed [in December], so I did what any rational person would do in such a situation: I bought the dip. I leaned into BTC, ETH, MATIC, FTM, and ATOM.”

Guy says that his round of purchases pushed Cosmos Network up to be 4.5% of his overall portfolio.

“If you’re wondering why that’s simply because ATOM is the interoperability hub for cryptocurrency and some of the largest cryptocurrency blockchains were built using the Cosmos SDK (Software Development Kit).”

ATOM is exchanging hands at $28.21 as of writing, a 25.5% decrease from its seven-day low of $20.95.

Guy then further reveals his portfolio, saying that its comprised 31% of ETH, 21.5% of BTC, 13% of smart contract platform Solana (SOL), 9% of interoperable blockchain Polkadot (DOT), 3% of decentralized network for the Internet of Things devices Helium (HNT), and 3% of gold-backed cryptocurrency PAX Gold (PAXG).

The host then says his trading strategy for 2022 is to start accumulating cryptocurrencies that provide infrastructure for non-fungible tokens (NFTs) other than smart contract platforms such as Ethereum for two key reasons.

“My plan in 2022 is to start picking up crypto projects that provide the infrastructure for NFTs and their related niches beyond smart contract cryptocurrency blockchains like ETH and this is for two reasons.

“First, I truly believe that NFTs will play a critical role in the future of cryptocurrency, especially when it comes to things like decentralized digital IDs…

The second reason as to why I’m planning on picking up NFT coins and tokens has to do with regulations. As I mentioned [before], the FATF (Financial Action Task Force) finalized crypto recommendations [and] it does not recognize NTFs as digital assets which means that all the draconian and dystopian stuff that FATF wants countries to enforce doesn’t apply to NFTs.”

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on
Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl should not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/PHOTOCREO Michal Bednarek/Alexxxey

Related posts

Top Ethereum Rival Could Become the ‘Visa’ of Crypto Assets, According to Bank of America Analyst

Crypto Advisor

This Top-10 Altcoin’s Future Is Now ‘Even Brighter’ Amid Explosive Growth, Says Terra (LUNA) Co-Founder Do Kwon

Crypto Advisor

Coinbase Adds Custody Support for 12 Altcoins As Crypto Markets Bounce Back

Crypto Advisor

Leave a Comment