Here are the top 10 crypto assets to hold when market volatility shifts into overdrive, according to trader Tyler Swope
Crypto trader Tyler Swope reveals its top 10 assets to hold when volatility returns to crypto markets.
In a new video, Swope tells its 259.00 YouTube subscribers that number one on its list is the decentralized oracle network Chainlink (LINK).
While LINK is at the top of the trader’s list, Swope says it actually reduced its holdings in the crypto asset from 40% in October 2020 to just 24% this month, pointing out that other altcoins are making bigger profits.
Number two is the non-fungible token (NFT) Project Alchemist (MIST). Swope says he had no MIST exposure in October, but that changed as he says the small cap crypto asset is now 20% of that portfolio.
Swope’s third coin is Bitcoin. According to the analyst, he increased his holdings in the leading cryptocurrency from 17% to 19% after BTC rose over 229% in eight months.
Fourth is Ethereum, which Swope said rose from $ 375 in October to over $ 2,000. Despite the sharp increase, the crypto trader emphasizes that it has slightly reduced its holdings in the second largest crypto asset.
“But during the hype cycle in early 2021, I took ether and put it in some of those altcoins like Alchemist and more. Thus, despite the stellar price increase, Ethereum has slipped a bit compared to the last time, from 12% back to 11% of my portfolio. ”
The cloud-based integration program Unibright (UBT) lands in fifth place. Swope says that with UBT rallying over 300% over the past few months, the crypto asset is now 7% of its portfolio.
Energy Web Token (EWT), a utility token for the energy sector, is in sixth place. Swope notes that EWT has fallen from $ 6.92 in October to $ 5.20 this month, an 18% depreciation. Amid the drop in prices, Swope says he is still amassing the crypto token and it now accounts for 5% of his holdings.
In seventh place on the Swope list Kusama (KSM), a sandbox for Polkadot (DOT) projects.
“Kusama was sitting at $ 29.50 on October 16. Since yesterday, [it’s] $ 181.21, an increase of 514%. This has increased it by two percentage points from just 3% of my portfolio last time to just over 5% today. “
Eighth place goes to Sora (XOR), an autonomous economic platform that decentralizes the concept of a central bank. Swope says he increased his holdings in the crypto asset by converting the Sora Validator Token (VAL) he received from the Sora Airdrop to XOR. With the trade, XOR now accounts for 3% of its crypto portfolio.
The staking protocol Rocket Pool (RPL) comes in ninth.
“On October 16, the RPL was $ 2.92. Yesterday the price was $ 11.92. This was a percentage multiplier of 286%, which has increased Rocket Pool from just 2% of my portfolio to now 3%. “
The last one is the Decentralized Financing Project (DeFi) REN. According to Swope, the REN has fallen 11% from $ 0.36 to $ 0.32 since October 16. The decline, Swope says, pushed REN down from 6% to 1% on its holdings.
Don’t Miss A Beat – Subscribe to crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the daily Hodl mix
Check the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that you are responsible for any losses. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / ParabolStudio
Comments are closed.