Popular cryptocurrency analyst Coin Bureau details its 2022 crypto strategy and shares the altcoin projects it bought during the market-wide drop this month. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Coin Bureau: I bought from these 4 altcoin projects in the fall!
Coin Bureau, a million-dollar subscriber analyst, announced the altcoin projects it bought on the decline. The analyst says the buyout round boosted Cosmos Network to 4.5% of its total portfolio. Coin Bureau adds the following to their statement on the subject:
The crypto market basically crashed in December, so I did what any rational person would do in such a situation: I bought at the bottom. I gravitated towards BTC, ETH, MATIC, FTM and ATOM. If you’re wondering why, ATOM is the interoperability hub for cryptocurrency and some of the biggest cryptocurrency blockchains have been built using the Cosmos SDK (Software Development Kit)…
Coin Bureau shared altcoins in its portfolio
The analyst then further clarified his portfolio, with 31% on ETH, 21.5% on BTC, 13% on smart contract platform Solana (SOL), 9% on interoperability blockchain Polkadot (DOT). and 3% in Helium (HNT) and 3% in the gold-backed cryptocurrency PAX Gold (PAXG).
The analyst later said that his trading strategy for 2022 is to start accumulating cryptocurrencies that provide infrastructure for NFTs, apart from smart contract platforms like Ethereum, for two main reasons. Coin Bureau adds the following to their statement on the subject:
My plan in 2022 is to start taking on crypto projects that provide infrastructure for NFTs and related niches beyond smart contract cryptocurrencies like ETH, and there are two reasons for this. First, I truly believe NFTs will play a critical role in the future of cryptocurrency, especially when it comes to decentralized digital identities… The second reason I am planning to buy NFT coins is because of regulations. As I mentioned earlier, the FATF (Financial Action Task Force) has finalized its crypto recommendations and does not recognize NTFs as digital assets, which means all the brutal and dystopian things FATF wants countries to enforce do not apply to NFTs.
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