A popular analyst, known for his in-depth study of crypto projects, shared with his followers a few altcoins that he thinks could be the market’s jewels in the future, when the next bull market comes.
In a YouTube update, the Coin Bureau’s pseudonymous host known as Guy claims that he plans to carefully and safely navigate the expanded bear market that will shape what will be a major “crypto winter.”
“In terms of moves I can make in the coming weeks and months, I’m going to have a sit-down-style approach, to be honest.
These are difficult and very uncertain times, and so this process is much more appropriate to step back and take the time to identify potential future gems.”
As for the specific crypto projects on Guy’s radar, the analyst’s layer-1 smart contract platform Avalanche (AVAX), decentralized Internet of Things (IoT) network Helium (HNT) and lending and borrowing protocol AAVE (AAVE) appears to be interested.
“I’m a huge Avalanche fan and if the price drops to $10 I might be persuaded to buy some more AVAX.
I love Helium as a project and will try to add more to the HNT I used to have in the future.
Aave is also a great project and I follow the price action closely.”
Koinfinans.com As we have previously reported, the popular server, PAXG token backed by physical gold PAX GoldHe adds that he likes ‘ as a “safe haven” digital asset.
“If the world gets even more chaotic in the near future, I might consider buying some more PAXG. PAXG is tokenized gold and is a great way to get exposure to the bright yellow metal without actually having to buy physical gold.
I sold my PAXG a while ago to buy more BTC and ETH, but maybe consider going back to PAXG to diversify my portfolio a bit more.
Safe-haven assets like gold are always worth keeping in mind, and PAXG for me is a great combination of gold and crypto.”
The Coin Bureau host concludes by reiterating his belief that the crypto bear market will continue for some time, and therefore says it plans to do more research before making any future investment in the space.
“I believe it is too early to draw conclusions about what to buy before the next bull market.”
As I have said many times before, we will most likely be stuck in a bear market for the next months or even years.”
Earlier this week, Guy said that cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) make up 70 percent of his portfolio because these two crypto giants “will continue to be the two main pillars of the crypto market for the foreseeable future.”
The popular investor also explained how he diversified his portfolio by mentioning some altcoins that he says have the future.
“I believe the future is in multi-chain. Yes, Ethereum will continue to be the biggest player in the space, but that doesn’t mean other smart contract platforms won’t play a role in the future of crypto. As a result, Solana’s native cryptocurrency SOL, Polkadot’s DOT and Cosmo’s ATOM token are my next top three positions, and these altcoins together make up almost 14 percent of my portfolio.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.