A Difficult Decision – Time To Restructure Your Portfolio?
The Inevitable Adjustment
Something I have noticed while conducting my altcoin research is how many projects have rebranded, in terms of their focus and use case. This is something that took place during the previous bear market. Some projects managed to pull off a massive comeback, while others faded away into oblivion.
Once again, altcoin bag holders are faced with an important decision. This is perhaps not so much a scenario of rebalancing, but that of completely restructuring portfolios. Altcoins are the secret ingredient to bull market success. Being exposed to the “right” altcoins can be life-changing while being exposed to the wrong altcoins can be completely devastating.
This is the underlying dynamic that governs the art of Crypto investing. Get this recipe wrong and you will be fortunate to walk away with modest gains. However, execute it well, and you will be surprised at what is possible. I was studying some charts today and noticed that FTM hit a low of approximately $0.002 during the covid crash of 2020. It later peaked at approximately $3.46 in 2021.
This was a coin that was already in the Top 100. Now, consider for a moment what is possible regarding micro-caps. Unfortunately, there are also cases of coins and tokens that never revisited their previous all-time highs. This is an important aspect to take into consideration. One needs to revisit early investments and re-evaluate their relevancy. Top 30 and Top 20 projects have a fairly good chance of securing ongoing gains.
However, it’s not a given. One needs to look at how the market has matured over the past three years. What are the trends that are likely to dominate the next bull market? As mentioned in an article some months back, AI is likely to continue being a dominant sector. In my opinion, it will be similar to the DeFi effect of 2020 and 2021. An early spark, followed by a much larger wave of price appreciation and adoption.
How I Envision The Future
I have also been extremely bullish on the tokenization of RWA for several years now. Two of my primary investments in this particular sector are Ravencoin and Centrifuge. Realio is another project that seems to hold a fair amount of promise. Along with tokenization and AI is the blockDAG movement. The most prominent project of choice within this particular niche is Kaspa, which I addressed four months ago.
Then there is Taraxa, a project I envision doing great things in 2024 and 2025. Readers were given this coin as an altcoin pick at $0.001 in July of this year. Taraxa is currently trading at $0.01 at the time of writing. That’s already a 1000% return, and the bull market is only getting started. This one could be a life-changing investment for early investors. Not financial advice, of course.
There are a few other options. However, I am not convinced. At the end of the day, I can’t invest in something outside of conviction. Most investors make decisions based on what others are saying, implying a lack of conviction, knowledge, and understanding. I can’t do that. If that’s you, all the best to you. However, research should always follow a suggestion or mention, regardless of who makes it.
I have found this particular lack of personal responsibility to be at the heart of many an investment catastrophe. spend the time, do the research, and make well-informed investment decisions. It’s by no means a guarantee, but it’s the best way to go about investing. Any investor who avoids or ignores research is pretty much a gambler. Every Crypto investor needs to re-evaluate their portfolio, now, before it’s too late.
Final Thoughts
There are no guarantees, but it’s important to ensure that your portfolio is still relevant, and ultimately, primed for significant gains. I am currently doing a ton of research, and have several projects on my watchlist. I am also looking to identify projects with attractive entry points. Entering a position before a significant move aids in further accumulation and subsequently reduces risk.
Excitement is kicking in. The road ahead looks good! Even a correction, at this point, would be more of a blessing than a hindrance. Given the opportunity, a number of my altcoin positions could do with an additional injection of capital at discounted prices. Anyway, that’s it for this one. See you in the next one!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
