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Altcoin

Coin Bureau Host Previews Updated Altcoin Portfolio As Ethereum Merge Approaches

The pseudonymous host of a well-liked blockchain YouTube channel is letting subscribers in on his crypto portfolio.

With Ethereum (ETH) set to merge within the coming days, Coin Bureau host Guy is updating his crypto assortment.

“Although I’m hedged towards the merge not going completely to plan, I’m nonetheless assured that, properly, it should. ‘Vitalik be upon us.’ As such, over the previous couple of weeks, I’ve added some LDO [Lido DAO] and a few STETH [Lido Staked Ether] to my holdings.

They now account for simply shy of three p.c of my portfolio. ETH, after all, stays my greatest particular person holding at slightly below 41%. Now, a profitable merge must be excellent news for LDO, STETH, and ETH, although I doubt I’ll really promote a lot except they actually, actually pump.”

The Coin Bureau host then factors out ETH rival Solana (SOL) as the most effective layer-1 hedge towards the merge failing.

“My focus has all the time been long-term and, to be trustworthy, I’ve by no means actually been one to commerce. But, as any accountable crypto holder ought to, I’ve all the time saved some dry powder readily available simply in case I spot a shopping for alternative. Now, I hold mine in USDC [US Dollar Coin] and I lately determined to make use of a few of that as a way to purchase some extra SOL.

Basically, Solana is a challenge I imagine in regardless of its latest struggles and I needed to hedge a bit extra towards any attainable merge points. Even if the merge goes easily, I nonetheless suppose SOL has room to develop.”

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Featured Image: Shutterstock/eliahinsomnia/AtlasbyAtlas Studio

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