Popular Cryptoanalyst Explains His Current Altcoin Investment Strategy Involving $Ada, $DOT and Others
Popular cryptocurrency analyst and YouTube personality Guy Turner, host of Coin Bureau, has explained his current altcoin investment strategy in a recently published video, which involves investing in several altcoins, including Polkadot ($DOT), Cardano ($ADA) and others.
In the newly shared video, Turner revealed that he plans to add to his portfolio the top two digital assets mentioned above, as well as Avalanche ($AVAX), which recently entered into a huge partnership to help it onboard 50 million users, Cosmos ( $ ATOM) and Monero ($XMR).
In the video, he discussed how he plans to allocate the over a third of his portfolio currently in the popular stablecoin USDC, noting that he keeps an eye on the altcoin market and that he is looking at various such currencies.
However, he revealed that he currently holds DOT and ATOM and is considering allocating more funds to them due to their promising prospects. He also expressed interest in expanding his portfolio by increasing exposure to tier-1 tokens such as ADA.
He added:
I may buy back into Avalanche at some point. I just never quite timed the transition to AVAX quite well, so maybe this time I’ll get it right.
Commenting on other altcoins, the YouTuber mentioned privacy-centric digital asset Monero as a potential investment, but said there are “lots and lots of different alts that I’m going to look at.”
However, he cautioned against jumping into the altcoin market at the moment, citing current market conditions. The cryptocurrency analyst added that he also plans to add more BTC and ETH in the future when prices fall.
As CryptoGlobe reported, DOT, a blockchain network often described as a “blockchain of blockchains,” has maintained its position as the leading cryptocurrency network by development activity. It is followed by its pre-production network Kusama and smart contract platform Cardano (ADA).
Development activity, it’s worth noting, is a metric that measures development activity in projects’ public GitHub repositories, and does not include private repositories’ work.
Cardano came third in the ranking, ahead of Internet Computer ($ICP), Decentraland ($MANA), Ethereum ($ETH) and Cosmos ($ATOM). Status ($SNT), Vega Protocol ($VEGA) and Filecoin ($FIL) also made the top 10.
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