Famous billionaire Kevin O’Leary shared in a recent interview that 20% of his operating company’s portfolio currently consists of 7 altcoin projects. He also remains bullish on crypto in 2022.
Famous billionaire shared his portfolio of altcoins including SOL and AVAX
Canadian entrepreneur and investor Kevin O’Leary, in an interview at Bitcoin Miami, used cryptocurrencies from 7% to 20% of his total portfolio. He said he took it off. O’Leary has announced a total of 32 positions in cryptocurrencies, with notable ones in Solana (SOL), Avalanche (AVAX) and Polylgon (MATIC) among other Ethereum competitors. O’Leary says Ethereum is too slow and shares his optimism about the potential of rivals Avalanche and Solana in light of recent updates and the potential of the projects.
20% of the portfolio of companies in which the famous billionaire operates is in crypto. O’Leary’s relationship with FTX introduced him to SOL, AVAX and MATIC, as well as Hedera and Helium. In 2022, O’Leary tracks higher institutional capital flows in crypto, regulatory clarity in the US, and growth in Ethereum’s rivals Solana and Avalanche. Finally, 20% of the Canadian startup portfolio is comprised of the following altcoin projects:
- Solana (SOL)
- Avalanche (AVAX)
- Polygon (MATIC)
- Helium (HNT)
- Hedera (HBAR)
Analysts assess SOL, MATIC and Ethereum price
FXStreet analysts Solana, Avalanche and MATIC price trends and believes the upside is limited for the Ethereum killer. Solana price is capped between the upside $102 and $122 resistance level as the altcoin prepares to rally.
As we have mentioned in the analysis ofKriptokoin.com, Solana price fell due to the increasing selling pressure among the exchanges. Also, NFT sales fell on OpenSea. The decline in NFT projects developed in Solana has a negative impact on the altcoin’s on-chain activity. NFT projects launched in Solana offer low-cost transaction processing on the Blockchain, as altcoin is considered a faster, cheaper and effective alternative to Ethereum. Among other factors, Solana price fell after its correlation with Bitcoin. Solana has witnessed an increase in the number of investors who see Blockchain as an Ethereum competitor.
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