My Top 5 Altcoins And Why I am Hodling Them To 2021!

My Top 5 Altcoins And Why I am Hodling Them To 2021!

By Sapphire | Sapphire Crypto | 23 May 2020


Diversification Is As Ancient As Time

Since the inception of the idea and practice of investing, diversification has been a trusted strategy to guarantee return and protect against loss. Firstly, I should just point out that there are different motivations supporting these choices.

The strategy is not as simple as a hope in an altcoin bull run and general appreciation of the altcoin market. So without any further delay let's investigate my Top 5 plays to hodl over the next 2 years!

The Most Obvious Hodl Choice - ETH

I think most or at least many portfolios are looking to Ethereum to produce stellar gains over the next 2 years. Ethereum was the star performer during the last bull cycle in 2017 and seems to be primed to be a strong performer once again. It is important to remember that Ethereum was heavily punished in 2018.

The ICO phase did a significant amount of damage to the ETH price, as tokens were ETH based. ICO's began offloading their ETH and subsequently pushed the price of ETH lower and lower.

With the advancement of Defi and staking, people have begun to accumulate significant amounts of ETH. One of the biggest success stories over the last months has been Tezos. More than 90% of the total Tezos circulating supply is currently locked up in the staking protocol.

This dynamic has been a huge catalyst in the Tezos price surge, as only a small amount of supply is available to be traded. This increases demand as the supply is so very low. Ethereum is likely to benefit from a similar dynamic.

BTT And The Compounding Effect

Justin Sun has incorporated BTT into many projects and not just Bittorrent, making it more attractive to accumulate as the use cases increase. The BTT price appears to have bottomed recently at approximately 2.6 sats and looks inviting at current levels. A double bottom pattern can be seen in the graph below, which is generally a strong reversal pattern, hinting that BTT could be heading for a meaningful price surge!

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Considering that accumulating and hodling BTT has extra incentives such as staking, it makes for a great strategy! As an investor you can enjoy up to 40% APR. Bankroll Boost is a dapp I utilize to gain an extra 30% per annum while I hodl.

In many cases TRX and BTT can be used in conjunction on the TRX ecosystem. Tronlink opens up a world of opportunities in the form of dapps and smart contracts. Tewkenaire is a high interest TRX smart contract system that I have recently added to my arsenal of tools.

The LBRY Token Known As Libry Credits

Even though Libry has a few issues regarding long-term adoption and survival, I firmly believe that it will do really well over the next 2 years or so! The token price has been absolutely punished, considering the all time high is well over $2! For readers on Publish0x, remember you can earn between 1 to 100 LBRY per day for viewing one video!

Considering the recent price surge of the LBRY token, it serves to prove that the price can increase significantly. The price increased approximately 400% in a matter of weeks.

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The daily chart above shows the significant price surge that began mid April and is still showing a degree of strength. I hodl LBRY because I see the possibility of meaningful increase in both userbase and price.

Secondly, I do not have to purchase LBRY credits as I earn them on the Libry platform. I am already sitting on around 4x with my LBRY stack, so a 20x to 30x by the end of 2021 is a very likely scenario.

Unibright

Unibright create solutions for companies entering blockchain, specializing in smart contracts and tokenization. There is a Unibright focussed blog right here on Publish0x if you wish to dig deeper into the project. Viewing the price action in the graph below, one can see the parabolic rise since January this year.

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Unibright has secured a number of impressive partnerships and has been identified by a few Crypto traders and analysts in recent months. For me, Unibright is a fairly longterm hold as I managed to start accumulating UBT about 6 months ago, so I am pretty deep in profit currently.

I will continue to hodl and buy any severe dips, choosing to offload my UBT for BTC late 2021. If you are looking to buy UBT, Hotbit has significant daily volume with 3 trading pairs.

The Unexpected Choice

The final coin I will be addressing is actually a stable coin and not an altcoin, known as Dai. Many will most likely wonder why on earth I would be hodling a coin that has no potential upside whatsoever?

The short answer is that I am actually hodling Dai for downside and not upside. In simple terms it is a BTC play! For those who were around in the 2017 bull run, you will remember the massive pullbacks.

Retracements of 30% and more were a very common occurrence in 2017. To think that even in a bull run you will not see heavy dumps is unrealistic and a missed opportunity if you do not prepare for them. I will be waiting with Dai on the sidelines to pick up BTC during heavy selloffs.

Profits are realized almost immediately as dips are short lived as the price continues to head north. Anyway those are my top 5, definitely not all my plays but maybe I will address more in time to come. Thanks for reading and stay safe! 

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Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.

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