The host of the popular cryptocurrency channel Coin Bureau, nicknamed Guy, has revealed its altcoin portfolio. There were also coins in the analyst’s portfolio that were expected to be affected by Ethereum’s Merge update. Here are the details…
Coin Bureau announces its altcoin portfolio
As we have reported as Kriptokoin.com, Ethereum Merge took place around 09.43 CET today. Coin Bureau host Guy also appears to have updated his crypto portfolio to Merge. The analyst said that although Merge did not go as planned and took precautions, he was still confident that it would happen. The merge went smoothly, as the analyst expected. He announced that he has added Lido DAO (LDO) and Lidi Stake Ethereum (STETH) to his holdings in the last few weeks, due to his belief that there will be no shortage.
They stated that these only make up three percent of their portfolio. In the analyst’s portfolio, ETH remains the largest individual asset with a weight ratio of just under 41 percent. Now, he says, a successful merge is good news for LDO, STETH and ETH. But he says he won’t sell unless prices “really, really” rise.
Analyst is also optimistic about Solana
The Coin Bureau server then points to ETH competitor Solana (SOL) as the best layer-1 protection against any problems in the ETH network. The analyst states that the focus is always long-term. “To be honest, I’ve never really been a trader,” he says. But just in case, he said he was acting “as any responsible crypto owner should.” He stated that he maintains the stablecoin to consider the possibility of finding a buying opportunity.
“Now, I hold my stablecoins in USD Coin (USDC). I recently decided to use some of that to buy some more SOL,” he said. Basically, the analyst says he believes in Solana’s recent struggles. Solana aims to provide decentralized finance (DeFi) solutions. It is a highly functional open source project based on the permissionless nature of blockchain technology. Ideas and first studies on the project started in 2017. However, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland.
At the time of writing, SOL is changing hands at $34.65, up 4.5 percent. The cryptocurrency had recorded daily lows of $32.88 in the last 24 hours. Meanwhile, after Ethereum Merge, the value of ETH did not change much. ETH is up 1.4 percent. Currently, it is changing hands at $1,631.
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