Diversification with the state of the market.

With the recent happenings in the crypto space, projects crashing, rug pulls, and hacks, these events have made me realize diversification is a pretty good strategy to consider. Even so, it is equally not advisable to invest in any project without a good product in the current crypto market. It is crystal clear that it is the only thing that makes a crypto project relevant for the longer term. Look at LUNA, after investing a huge sum, following the hype, some months after, everything tanked. I thought that would be the end of it, eventually, lots of exploits happened, 3AC, Coinbase, Celsius, Harmony bridge hack, etc.

Would it not be more beneficial as a crypto enthusiast to invest in a project that offers a relevant service to space and people globally?. I’ve been keeping tabs on Ore Network, after I saw what the project is doing, even in the dip. It is no secret that the project offers a seamless way for people/users to migrate from web2 to web3 through their novel ORE ID product, which offers security, identity, and asset management. This has made their ecosystem growth relatively steady even with the dip.

Considering the increase in hacks and thefts ongoing in the space, the ORE ID is now a relevant product that most investors can't avoid because with the product your assets across all chains are secured and you can have access to them with a single login. I see the ardent need for crypto investors to take ownership of their assets in an ecosystem that is now plagued with enormous hacks and exploits that have seen lots of people lose their funds to bad actors and centralized wallet systems.

Sovryn(SOV) is another project I won't be giving up on, the project use case which is a non-custodial and permission-less smart contract-based system for bitcoin lending, borrowing, and margin trading is one that will definitely be highly utilized in a more stable market coupled with a very experienced team I would say SOV is worth the shot.

These are the low caps I’m currently keeping tabs on with the plan to keep buying down the line, DCA as we go lower to reduce my overall average entry price. Perhaps if anyone has an opinion on any other alts that are worth researching and putting some funds into, feel free to share in the comment section. Let’s make this bear season a rather profitable one where we stand the chance to make more from the market than lose money to it.