Sunday, September 19, 2021

My portfolio and reasoning

  1. Ergo coin (ERG), as all of you know I am an ergonaut. The coin is incredibly versatile, it has a strong team behind it, the coin is not yet top 100, and there are many events yet to happen which can cause growth in the coin.
  2. Ethereum (ETH), the deflationary pressure on ETH will only increase with the implementation of ETH 2.0 and I am a strong believer of ETH due to its utility value becoming the largest coin by market cap.
  3. Bitcoin (BTC), like it or not BTC will be the figure head of cryptocurrencies for years to come and any real world implementation will firstly occur with BTC, besides that BTC is also a holder of value and as inflation continues to rise world wide I believe populations will continue to turn towards BTC and its price should only rise.
  4. Polkadot (DOT), DOT is crucial to crypto becoming mainstream because the truth is the likelihood of a singular cryptocurrency becoming the only network for all transactions is zero, there will certainly be different cryptonetworks which need to communicate. However they are stubborn and struggle in this manner. This is where DOT steps in, DOT allows these alternative systems to communicate and is the adhesive between them.
  5. Cardano (ADA), the primary competition to Ethereum's utility and a team that has continued to impress as businesses become aware to the usefulness of smart contracts it is only a matter of time till ADA and ETH start soaring.
  6. Cosmos (ATOM), another coin aiming to fill the requirement of intercommunication between cryptocurrencies like DOT, but what makes it better than DOT imo is that it is a true cryptocurrency it is decentralised!
  7. Avalanche (AVAX), AVAX is a beautiful coin it is focused purely on transactions which make it incredible at what it does. Although cryptos usually struggle to scale AVAX is an exception it can scale to trillions of transactions a second. Also it too is a true cryptocurrency, it is decentralised, and incredibly secure.

Thats it! Although it is quite a long list I have seen consistent growth throughout my portfolio due to my diversification and I believe in the longterm these coins will stay despite the economic conditions.


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