Coin Bureau analyst has unveiled its updated crypto portfolio in perspective of the leading altcoin Ethereum’s Merge upgrade taking place today. Although the analyst is confident of a smooth Ethereum upgrade, he has increased his stake in altcoins that protect against Ethereum.
“A successful upgrade will be monumental to Ethereum”
As you follow on Kriptokoin.com, Ethereum Merge was successfully completed today. This upgrade triggered a wave of optimism not only for the native token ETH, but also for a number of associated altcoins.
In a recent video, the Coin Bureau YouTube host and market analyst discussed some of the altcoins he supports for the post-Merge rally. Also, the analyst shared his updated portfolio, which provides a hedge against a failed Ethereum Merge.
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
— vitalik.eth (@VitalikButerin) September 15, 2022
The analyst is clear that a successful upgrade will be monumental to ETH. He notes that two other associated tokens, namely Lido (LDO) and Lido Staked Ethereum (stETH), are set to follow the direction of ETH. According to the analyst, Polygon (MATIC) will also be the biggest beneficiary of a smooth transition. Meanwhile, leading altcoin Ethereum is expected to complete the full deployment of Merge in 2023. The analyst says that this layer 2 network will continue to be the leading scaling solution in Ethereum. The expert expects these tokens to increase in the hours and days after the Merge.
“These 3 altcoins will go to the moon after Merge: SOL, DOT and ATOM”
It is worth noting that the analyst created the video before Merge. Now, post-Merge, the market has witnessed a lag in price movements. Despite Merge running smoothly, ETH is only marginally negative. Investors are likely to have taken a ‘wait and see’ approach to the upgrade.
Not surprisingly, some analysts were worried that the upgrade would fail. Some still continue to worry. A few days ago, the CEO of BitMEX warned that he did not expect Merge to happen. However, despite this, the year-end ETH price prediction of $3,000 remained.
With this in mind, the Coin Bureau analyst stated that he has adjusted his portfolio to include altcoins he believes can be hedged against Ethereum (ETH). Mainly, it is increasing its allocation on Solana (SOL). He says he is confident in the long-term outlook of the project, despite the recent setbacks. Even if the upgrade goes smoothly, the analyst is still confident that SOL will continue on an upward trajectory.
“Basically, Solana is a project that I believe in despite its recent struggles. “I wanted to provide a little more protection against potential Merge issues,” he says. Also, in addition to Solana, the analyst’s portfolio consists of Polkadot (DOT) and Cosmos (ATOM), which are expected to act as hedges. Besides, the analyst says he always has dry powder on hand in case he gets a buying opportunity. It holds USD Coin (USDC) for it.
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