Navigating The Altcoin Maze
In recent months and years, I began preparing for the bull market in which we now find ourselves in the heart of. This is a tricky endeavor when it comes to trades, as finding hidden gems so early on in the journey is no small feat! For me, the majority of my strategy revolves around coins and tokens that can earn ongoing passive income but I also like to have a small allocation set aside for venture capital. Finding and investing in that 100X project is simply too life changing to simply ignore and so I enjoy researching and investing a very small allocation into projects that are unknown. Projects that have the potential of skyrocketing!
Not all of these allocations are risky but rather have a high probability of significant price appreciation and adoption. One such project is ETH, which I am glad to say has performed extremely well for me in the past year or so.
Ethereum - 16X
March 2020 brought an absolute collapse to pretty much every market, including gold and Bitcoin. At the same time, such events also create amazing buying opportunities. As blood flows down the streets, the masses offload their assets in an absolute frenzy fueled by fear and desperation. This is the moment that I picked up a fresh bag of ETH. I simply could not pass up on the massive bargains that were on offer. I managed to pick up my new position at approximately $110 and almost instantly began to experience significant growth.
Considering that ETH is currently trading at approximately $1700 to $1800, I have managed to secure a 16X return at this stage and am expecting this to grow quite significantly in the coming years, as I have no intention of surrendering my entry at just over $100 by selling for an immediate profit.
Kusama - 15X
Kusama and the entire Polkadot ecosystem was an avenue that I studied quite extensively very early on. As I mentioned before, I felt that I was actually too late to move on KSM and so put it off until my desire to own this project overpowered my own criteria and approach. I always look to front run the market significantly and if I am unable to do that, it is quite likely that I will pass up on the project all together. However, this time I bit the bullet and bought KSM at $9, which has since proved to be a reasonable entry.
Kusama is now trading between $126 and $135, which puts me at a 15X return to date. Kusama can also be staked, so I am sure you guessed that I will not be selling this either. I am currently hodling a number Polkadot projects, with many being significantly in profit at this point. Many have been discussed and addressed in earlier articles and reviews.
The Best For Last
Unibright is a project that I acquired in late 2019 and has taken me completely by surprise. I am disappointed that I did not monitor this holding more aggressively. Had I been more attentive, the chances are that I would have increased my position significantly. Front running the market to such a point, that I was able to pick up my UBT at $0.01 put me in an amazing position as UBT has traded as high as $1.09 in recent days. Had I chosen to cash out at this point, I would have secured a 109X!
Once you have secured such an entry, you do not surrender it for any amount of profit unless the project is showing signs of prolonged future weakness or failure. Unibright already has some great partnerships and has a tiny market cap of $123 million, which is still rather insignificant when considering what UBT has to offer.
I am definitely looking forward to monitoring the future performance of these projects in this bull run and continue to be on the lookout for future game changers. Keep hodling the gems!