Here it is - Finally!

In the light of my setting of new and more focussed targets, as illustrated in my post of a few days ago, I have decided to have a race – just for fun between two tokens that I am staking up for free – namely Solana and LiteCoin as you probably surmised from my title 😊

I am doing this with an eye on the 2030 figures that I have produced in recent posts which should ultimately lead to greater profit (eg $450-$600 for LiteCoin and conservatively $500-$600 for Solana).

The race of course is to see for which I can acquire an entire token the fastest.

As things stand LiteCoin has an advantage over Solana in that I am currently holding 0.58 LIteCoin and a mere 0.16 Solana. Theoretically, it should be an easy race for LiteCoin to win. LiteCoin’s lower price will also help support its acquisition based on the conversion rate with the USD. However, having said that, I think this will balance out in the end in what might well be a crypto version of the tortoise and hare as I will strictly adhere to the following set of rules for the acquisition of each token.

For LiteCoin

• Trading, so long as it is sourced from what I am already holding (eg 0.58 LiteCoin), which risks loss as well as gain.
• DutchyFaucet (LiteCoin only), Cointiply and CoinPayU; however if we are entering a bull run (as it seems we might be doing), the latter two will not be converted too quickly as token acquisition is based on the price of the USD and I will be looking to maximise my gains which will be dependent on the current token price.
• Staking not currently available but will be utilised if the situation changes.

For Solana

• Staking on Coinbase at 4.16% and knowing them they could drop this at any time.
• As with LiteCoin, trading, so long as it is sourced from what I am already holding (eg 0.16 Solana) although I would need to unstake first and Coinbase which can take up to five days, during which time market conditions may well change and make it not worth the time.
• Dutchy Faucet – however in addition to any directly acquired Solana, any USDC will be added (previously when stakeable I was adding this to my stack of USDC) as will the Coin of the Month unless it adds value to my portfolio in its own right (eg this month it is BitCoin which I am just going to keep hold of). Due to DutchyCorp’s abandonment of swapping which I posted about yesterday, this will have to happen elsewhere after it has been drawn upon.
• Publish0x USDC. On the last Monday of each calendar month I am aiming to draw any USDC acquired through Publish0x and then commit half of that amount* to the nearest $0.50 rounded down to my Solana stockpile (eg if I draw $5.03 then £2.50 goes on Solana and likewise if I receive $4.97 then only $2.00 is used for acquiring more Solana). However, with it being USD based and in a similar way to my Cointiply and CoinpayU funding of LiteCoin, I will choose carefully when I utilise and buy Solana based on market conditions although,  the ongoing staking will be part of my strategic decision.

* I still want to continue building up my USDC fund to maintain my upward, no matter what momentum, and this is why I am splitting it and while I will take the USDC on the last Monday of the month I may draw on it sooner in the previous week so my figures are more like $5.03 than $4.97. In December for example it was $10.01.

And so, in conclusion, I really do think that it is case of the tortoise and hare. At the moment LiteCoin has a significant lead and is holding all of the advantages, but I think in the end the Publish0x factor is likely to be the most significant factor and it will be a very close-run thing but either way I aim to achieve this by the end of the year (which tbh I think is an easy target unless prices significantly increase) and have some fun on the way.

You can even look at it as you being involved in the race too with your tips and ongoing support of my blog.

I will keep you posted my friends and as always stay safe my friends.