Altcoin Buzz analyst Stu L. has released a portfolio update. He points out that his own portfolio has been “hit by the SEC bullshit.” But the important thing, according to the analyst, is to stay on course and work on your plan. “My plan is to add 2 coins to my portfolio that will quickly pick up and go 20x from there in the next bull run,” Stu L. says. Which are these coins? Let’s take a look at the 50x portfolio.
Altcoin analyst reveals the latest status of his portfolio
As we reported as Kriptokoin.com, the FUD surrounding the SEC lawsuits against Coinbase and Binance does not affect Bitcoin and Ethereum much. However, most of the rest of the market is suffering from this very short-term news event. Yields since September are still positive but less so than in April. The analyst currently tracks Bitcoin and Ethereum. Bitcoin and Ethereum have achieved 32% and 35% ROI since the end of September. “We’re still positive, but we’re only at 7.36% right now,” Stu L. says. It also says the following:
Binance lawsuit news is hurting our position at BNB for now. However, we think this is temporary. MATIC is on the SEC’s list of tokens that it considers a security, so it may soon be removed from US exchanges. We will see that. So where are we now? How did we get here and what do we intend to add in the future?
What are the losers and winners?
Currently, only 3 out of 11 positions are profitable. These 3 are in order of ROI: Lukso, Bitcoin and The Graph. According to the analyst’s last update in April, the biggest change occurred in 2 of the top 3 positions. BNB and MATIC. It went from making money to losing 6.1 and 1.1 percent, respectively. It has returned all those profits (for now) and is at a slight loss on these positions. The analyst says:
Our biggest loss is 38 percent, and the most worrying is Moonbeam. While we don’t see anything wrong with its fundamentals, it has been nothing but a drop since the day we added it. In fact, momentum is on the rise for Polkadot projects. But Moonbeam has yet to take advantage of it. We still like it, but we watch and wait. It’s hard to write anything about crypto without talking about Ordinals and BRC-20 tokens this spring. We are not adding yet. We’re watching the industry to see how it’s doing. Meanwhile, we watch ORDI and The Council (CNCL). These are new to our radar.
The Council is a group of over 28 founders and investors in the Bitcoin and BRC-20 ecosystem. They are behind Toshipad, the first BRC-20 launchpad. They are also working on an airdrop and CEX listing to make purchasing easier. With a super limited supply of just 10,000 units, not many hit the market in the top 2 BRC-20 markets at any given time. The market cap is just over $2 million, so it’s definitely a high risk/high reward game but a good bet on the success of BRC 20. That’s why it’s on our radar. We’ll see how it performs in the coming weeks.
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