Post
Topic
Board Altcoin Discussion
Re: How to Approach Alt-Coins in This Israel-Iran Pretended War News?
by
Juxoz
on 15/04/2024, 02:58:50 UTC
The cash flows that were supposed to go to MATIC Polygon went to Solana. Investors were interested in quick profits and cheap blockchain, which is what that blockchain provided them.

Being new to crypto back in 2022, I constantly saw negative news about Solana in certain circles. At the same time, I was seeing a lot of projects popping or growing around it, so didn't ignore it. As a matter of fact, Solana has become #1 in my portfolio, even surpassing ETH. Don't ask me how. I still think Polygon will find its place, so not unloading its position (#6 or #7 right now).

Curve, ALGO, and AVAX are pumped based on Ethereum. If something happens to the Ethereum blockchain, they will be pumped, but there is news that there may be an Ethereum ETF.

Curve is a liquidity-focused protocol. I think when the demand in liquidity grows exponentially during euphoria stage of bull run, the demand might spike rapidly. Of course, since it operates on the Ethereum blockchain, those lovely ETFs will mostly boost its position in near future, but I am just aiming for small cycles during the bull run with this account. But point is taken.

DOT will turn into a little-used blockchain, and I do not advise you to invest in it.
I believe one of its main goals is interoperability between chains. If you recall, back in 2022-2023, interoperability was the frothiest space in crypto (not being taken over by AI). Hence my interest. I only got 70% return from mid last year till its recent high. With other coins being more volatile, and not being interested in a long-term investment, I think I'll shelf this one for now.

DOGE may start pumping again if Musk starts tweeting again, but invest in it, who knows what will happen in the future.

Being after short-term volatility, you would think I'll be interested in a memecoin like DOGE, but I've always had an uncomfortable with these type of coins. I feel like they can't be tamed, lol.

MANA Decentraland I've never heard of it before.

A virtual reality BS, lol!