The host of the popular cryptocurrency channel Coin Bureau detailed his 2022 crypto strategy and said he bought cryptocurrency during the market-wide drop this month.
Trader using the nickname Guy, in a new video to 1.78 million YouTube subscribers, Ethereum rivals during the latest crypto market pullback. Polygon (MATIC) and Phantom (FTM), Ethereum (ETH) himself, the king crypto Bitcoin (BTC) and little-known altcoin to the Cosmos Network (ATOM) stated that he invested.
“Crypto market [Aralık ayında] collapsed completely, so it is rational in such a situation any I did what a person would do: I bought at the bottom. I turned to BTC, ETH, MATIC, FTM and ATOM.”
Guy can’t help but point out that his acquisition round in the last drop boosted Cosmos Network to 4.5 percent of its total portfolio.
“If you’re wondering why, it’s because ATOM is the interoperability hub for cryptocurrency and some of the largest cryptocurrency blockchains have been built using the Cosmos SDK (Software Development Kit).”
At the time of writing, ATOM is changing hands at $28.79, up over 25 percent from a seven-day low of $20.95.
Explaining his portfolio even more deeply, Guy; portfolio of 31 percentini ETH, 21.5 percentini BTC, 13 percentSmart contract platform Solana (SOL), 9 percentInteroperable blockchain Polkadot (DOT) and 3 percentHe said that it is created from the decentralized network Helium (HNT) for IoT devices and the 3% gold-backed cryptocurrency PAX Gold (PAXG).
The crypto analyst later said that his trading strategy for 2022 is to start accumulating cryptocurrencies other than smart contract platforms like Ethereum, which provides infrastructure for non-fungible yokes (NFTs) for two reasons.
“My plan in 2022 is to start taking on crypto projects that provide infrastructure for NFTs and related niches beyond smart contract cryptocurrency blockchains like ETH and there are two reasons for this;
The first is that 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 plan to buy NFT coins and tokens has to do with regulations. [Daha önce] as I mentioned, the FATF (Financial Action Task Force) finalized their crypto recommendations [ve] It does not recognize NTFs as digital assets, which means that all the brutal and dystopian measures that the FATF asks countries to implement do not apply to NFTs.”
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.