There are several crypto assets that I’m either holding, or watching and I wanted to write one-liner on each one of them. I may be holding some of them for the short-term and some for the long-haul. Others, I may just be observing from the sidelines. Also as fundamentals change, some of these projects will no longer be in my portfolio or watchlist.
Please do your own research and do not consider this to be a financial advice as I’m not qualified to give any financial advice.
$BTC – best monetary policy, no pre-mine, largest, most-secure, simplest, best, deserves largest allocation in each portfolio.
$ETH – most popular infra-layer. Attracting most innovation. Dapps built on ETH will likely replace banks, financial institutions and many fintech apps and neobanks.
$SOL – the most likely contender to compete with ETH. Fastest, cheapest, a little bit more centralized. Supported by the best institutional investors in the crytpo space.
$AXS – play to earn game. Gaming is no longer a pastime activity but a job. Crazy fundamentals. Axie earns $150 million dollars per month and AXS is trading at PE ratio of only 7.
$FTT – native token of the best derivates exchange. Can go wild like BNB (but not as much).
$PERP – largest DEX for perpetual contracts.
$RUNE – one of its kind decentralized exchange that enables trading of non-synthetic assets. All other dexes e.g Uniswap, Pancakeswap use synthetic tokens for assets from other chains.
$MKR – DAO behind largest (partially) decentralized stablecoin DAI
$LUNA – Powering largest (fully) decentralized stablecoin UST
$STX – Just in case, Bitcoin wins DeFi infra layer too. Smart-contract platform secured by Bitcoin’s hashpower.