Bitcoin, Cardano, Nexo, Ethereum, Polkadot
This is not financial advice.
**Be very careful and invest or trade responsibly with your own informed decisions. I have no idea what I am doing.
If you have been holding crypto or dabbling, welp congratulations! We have seen an explosion of interest in the space and much green in our bags if you’ve copied me. I expect this enthusiasm to continue and big corporate announcements to push us higher, though there will definitely be corrections and retracements, so take advantage and do not FOMO in. Relax, be rational, have a plan and make sound investing choices. And stop refreshing Coinbase.
This push into higher valuations will lead to extreme volatility (you ever take a ride in an industrial washing machine?) , so play accordingly. Remember if you are new or have limited budget to play with, you are swimming with veteran traders and whales that know these markets in and out; this isn’t day trading the S&P500. Dollar Cost Average, and investing consistently over time is still the best strategy in my opinion, and one that I use constantly, opinion: mine.
Our previous write-ups for projects like PHA, NEXO, POLKADOT, and really any of the projects we have mentioned have done very well.
I used the information in the above article and the follow up article to make some decisions; it went very well, though again, rising tide; all boats.
Bitcoin
Bitcoin continues to be a great store of value. Exchange inflows and outflows continue gyrating ferociously among other metrics seen on glassnode’s website. Obviously the Tesla news has been groundbreaking, and many expect an Apple announcement of an even greater purchase.
Ethereum
Ethereum is still the Defi movement headquarters despite expensive gas. I do see promise from several smart contract platforms, but ETH will remain a pillar of the industry. It is worth noting that Ethereum gas prices should be coming down with updates, and ETH2; there are several fixes in the works. High gas fees are a nuisance for people getting in. Also this should be taken as an opportunity and boon for the other smart contract platforms to get moving and make their products useable.
Nexo
Nexo has been on my radar as one of those already-working projects. I love when projects are working and have a product I can use, and even better, when it is actually really surprising and awesome. They have just recently added more utility to their token and operations other than crypto-fiat lending, where voting rights for governance of the company is being added, meaning users and holders will be able to steer the direction of the company, and capitalize on the growth with dividends paid to token holders, as well as discounts on interest for loans and repayment of loans.
Cardano (ADA)
Cardano (ADA) has been quietly developing a wonderful platform, and its codebase is said to be one of (if not the) cleanest around. Its price movement has recently caught up with the hype, I am certainly excited to see what niche Cardano carves out.
Polkadot
I am very enthusiastic about Polkadot, and the many amazing projects being built within and around it. In previous articles the private smart contract enclaves of Phala were detailed. Moonbeam is one very anticipated project, and the adjacent builds in the ecosystems are too numerous to mention.
We are very early still, and the majority of people, even those now paying attention because of Elon and Tesla have no idea what crypto is or how to participate, and they will probably forget about this again, and never buy a single satoshi. In 10 years they’ll be using blockchain without realizing it, and certainly without participating in the gains.
The Crypto Stew
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Stay focused. Stay stewing.