In the crypto money market, where many altcoin projects take place, investors are curious about the portfolio of the analysts they follow. The host of Coin Bureau, a cryptocurrency channel, is revealing the current content of its crypto portfolio. Here are the details…
Here is the altcoin portfolio of the Coin Bureau server
Coin Bureau’s pseudonymous server is revealing the current content of its crypto portfolio. In a new YouTube update, the closely followed analyst known as Guy tells his audience how he reorganized his portfolio following the recent meltdown of cryptocurrencies. According to the analyst, BTC and ETH are the main pillars that the crypto markets need to cling to in times of uncertainty.
“Most of the profits from altcoins were transferred to BTC and ETH. My positions in these two coins make up almost 70% of my entire portfolio for two main reasons. First, I firmly believe that Bitcoin and Ethereum will continue to be the two pillars of the crypto market for the foreseeable future. BTC will remain a cryptocurrency and will only solidify its status as digital gold. Ethereum will continue to be the primary layer-1 platform and base layer for countless projects and protocols.”
Analyst also invests in ETH competitors
Despite investing heavily in Bitcoin and Ethereum, Guy is diversifying his portfolio for projects he believes to be the multi-chain of the future. Guy revealed that he has deposited funds in three ETH competitors, Solana (SOL), Polkadot (DOT), and Cosmos (ATOM). The analyst used the following statements:
I believe the future is multi-chain. Yes, Ethereum will still be the biggest. However, this does not mean that other smart contract platforms will not play a role in the future of crypto. As a result, Solana’s SOL, Polkadot’s DOT, and Cosmos’ ATOM are my next top three positions. Together they make up almost 14 percent of my portfolio.
Latest situation in the market
As we reported on Kriptokoin.com, Bitcoin dropped over $ 12,000 last Sunday to $ 17,500, an 18-month low. This caused other altcoins to drop as well. While some thought the crypto space was over, analysts such as Coin Bureau argued that they had a buying opportunity. After the mid-month massacre, it recovered over $4,000 last week. Afterwards, the coin remained relatively calm. It held steady at around $21,000. It even managed to stay just above $21,800. It even rose to a ten-day high but was stopped there.
In the following process, the cryptocurrency started to lose value gradually. It eventually found itself falling below $21,000. The daily low came in around $20,500. But the community’s fears that it would drop to $20,000 did not materialize. The largest cryptocurrency is currently at $20,175 and is trying not to go below $20,000.
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