Altcoin Daily cryptocurrency analyst and moderator Aaron Arnold lists 9 crypto assets he will invest in and hold over the next half decade.
Aaron speak that he will allocate half of his portfolio to Bitcoin (BTC) as this is the gold standard for open blockchains.
“The first $ 500 of my $ 1,000 goes into Bitcoin. It may not be the fastest coin, it may not have the bells and whistles as Altcoins, but it is the most decentralized, it has the strongest censorship resistance.
Arnold said he would allocate a fifth of his portfolio to the second largest cryptocurrency by market capitalization, citing an increasing number of mainstream companies adopting the Ethereum (ETH) blockchain as managers.
“My next $ 200 goes straight to Ethereum. Goldman Sachs has just started trading on JPMorgan’s blockchain repo network and although it is a private blockchain, it is based on the Ethereum blockchain.
Arnold said he will also invest a tenth of his existing funds in a pool of crypto assets, including the smart contract blockchain Cardano (ADA), Polkadot (DOT) and Kusama (KSM).
“My next $ 100 will be invested in Ethereum competitors like Cardano, Polkadot and Kusama (Polkadot Canary Network).”
Aaron also said he will be putting a tenth of his investable funds into the blockchain-based gaming platform Enjin (ENJ) and entertainment-focused Blockchain Flow (FLOW), based on new opportunities created by the growing popularity of non-fungible tokens (NFTs ) arise).
“My next $ 100 will be invested in top altcoins to take advantage of the NFT / Virtual World craze.”
For the remaining tenth of the investable amount, Arnold said he will split half of that into the Dogecoin (DOGE) mem and the other half into the XCAD Network (XCAD) platform.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to Dailyhodl