With so many cryptocurrencies currently in use by investors, it is obviously a lot of work filtering the list and choosing the best ones. To make the selection process easier, Aaron Arnold, renowned dealer and host Altcoin daily, recently listed a number of altcoins he will invest in over the coming years with a capital of $ 1000 and HODL.
Arnold confirmed that he will allocate 1/5 of his portfolio to the largest altcoin – ETH. The trader’s main reason cited the increasing adoption of the asset’s blockchain by mainstream companies. At the same time, he also pointed out another reason:
“My 200 dollars are being spent on ETH. Goldman Sachs has just started trading on JPMorgan’s blockchain repo network and although it is very private it works on the Ethereum blockchain.
As Cointelegraph reported, the Israeli central bank will reportedly use Ethereum’s blockchain technology to implement its digital shekel project. In short, with all the recent developments, ETH is the analyst’s choice.
Regarding the altcoins that represent the present and future of smart contracts, Arnold said:
“My next $ 100 will be invested directly in inter-Ethereum operators who are making advances like ADA, DOT and KSM.”
Based on the support of other development activities in the ecosystem, Polkadot has recently gradually separated from the general market. In addition, the first Parachain auction in Kusama did not have a positive effect on the price.
In fact, at the time of writing, KSM is trading at $ 178.21 after seeing a weekly drop of nearly 35%. However, the trader insists that KSM is worth it for the long term.
KSM / USD | Source: Tradingview
According to the dealer, Cardano’s partnership with Orion is like notification from IOHK seems to be “very cool”. Therefore, the future of ADA looks bright. It should also be noted that the Cardano ecosystem has been constantly evolving and updating recently.
Next, Arnold says that he will allocate 1/10 of his investable funds to the entertainment-focused blockchain-based gaming platform Enjin (ENJ) and Blockchain Flow (FLOW). Traders agree that the increasing acceptance and popularity of NFTs (non-fungible tokens) will have a positive impact on these tokens. In fact, the NFT Rarible site raised $ 14.2 million and recently announced his latest partnership with Blockchain Flow.
Although the dealer made it clear that he did not believe in DOGE’s long-term prospects, he felt this was the right time to “have a little more fun”.
“I don’t own DOGE now or in the past, but as long as Elon Musk continues to drive prices like this, there will be progress.”
No portfolio would be complete without Bitcoin. According to the analyst, King Coin is the best choice at all times.
“$ 500 of my $ 1,000 goes into Bitcoin. It might not be the fastest, it doesn’t have all of the great features of other altcoins, but it’s the most decentralized and censorship-resistant.
Overall, the ideal allotment plan for Arnold’s $ 1,000 investment would be as follows:
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.
Minh Anh
According to AMBCrypto
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