This bull market may be the last of its kind before the big money comes in and brings stricter regulations. It's the wild volatility that has allowed us crypto degenerates to 300x, 400x, even 500x our portfolios...but not all in one cycle, of course. If you can 15x your bag in a single run, trust me, you're sitting pretty. Compare that to traditional finance where a 0.2x gain is considered amazing. For the math-challenged, that's 1500% versus 20%.

The Psychology

Cheap tokens give off this illusion of being more affordable and accessible, especially for those of us with limited capital. This perceived affordability can fuel impulsive buys without proper research or risk assessment. Many investors see cheap tokens as undervalued, believing they have greater potential for price appreciation compared to pricier ones. This perception of being "early" and capitalizing on future growth is alluring. Social media and online communities can amplify a herd mentality around cheap tokens, creating FOMO pressure to participate and avoid feeling left out. Witnessing others profit from low-priced tokens can trigger a strong fear of missing out (FOMO), driving hasty investment decisions fueled by anxiety and the desire to avoid regret.

The Task

While preferring cheap tokens isn't inherently wrong, it's crucial for retail investors to exercise caution, conduct thorough research, and manage their psychological biases effectively. Relying solely on token prices without considering fundamentals, risk management, and a well-diversified portfolio can lead to suboptimal investment decisions and potential losses. The crypto-YouTube mantra is DYOR (Do Your Own Research), but they never specify how. Well, the "how" is convoluted and time-consuming, but all you have to do is review the whitepaper, analyze the team, understand the tokenomics, evaluate the use cases, study the roadmap, analyze market trends, engage with the community, review code and security audits, monitor price and trading activity, and seek insights from respected industry experts. Each DYOR task has its own list of requirements and understandings the retail investor must accomplish. After six years in this crypto space, I just learned about impermanent loss, which is a fancy way of saying "you just got wrecked."

Get Grass, Earn Crypto

The List

Since I know you retail noobs won't DYOR, and the door to get altcoins at an investment entry is closing fast, here are some of my high-conviction plays. I say "some" because most inexperienced traders won't have a self-custody wallet. They'll trade solely on a centralized exchange like Coinbase. I know this because that's what I did years ago. That's not necessarily a bad thing. Usually, only quality projects are allowed on the big exchanges. However, that does limit the selection of tokens into which you're able to invest. This portfolio is for the Coinbase-captured kittens counting coins less than $1. And remember, narrative is everything. Trade well, take profits!

AIOZ - narrative: A.I.
GRT - narrative: Decentralized Physical Infrastructure Networks (DePIN)
AXL - narrative: cross-chain interoperability, Layer 1
CELR - narrative: layer-2 scaling
IOTX - narrative: Internet of Things (IoT)
HBAR - narrative: enterprise blockchain
SEI - narrative: parallelized EVM
SKL - narrative: layer-2 scaling
XYO - narrative: real-world data oracle