My Crypto Bets

A very happy Diwali 2021 to each one of you and I hope you and your dear ones have a fantatsic year ahead.

Before we begin please understand that Crypto is a very new,volatile and speculative asset class, it is not uncommon for prices of some tokens to rise 1000% and then drop 99% in matter of days and minutes

Picture source – Twitter @tanayj

Two more things

  1. All together these Crypto bets are less than 2% of my family’s networth so even if all of them of go to zero it will not create financial ruin for me
  2. I am constantly evaluating new projects and crypto moves at 10x speed compared to equity markets so many bets would be dropped off and many others would be added as my knowledge of the ecosystem improves

Now onto bets

Ethereum (ETH)

By the far the biggest network in crypto space the adoption has seen insane, Ethereum is a supercomputer. Ethereum uses blockchain technology to decentralize every piece of technology or app that we currently use. The much needed move to POS (proof of stake) upgrade is coming to network next year and to me it remains a top project to track

Binance Coin (BNB)

The coin that powers agruably the biggest crypto exchange in world, My reason to hold BNB is also linked to the fact any new coins coming from their launchapad ecosytem needs BNB to particiaptae in ICOs. I also use Binance as primary platform to execute transactions. You can use my referral to join

Axie Infinity (AXS)

Axie infinity is the biggest play to earn cyrpto project, In regions like Southeast Asia, specifically in the Philippines and Vietnam, Axie Infinity is fueling a digital economy based on crypto assets. While it is scary that people are leaving real jobs and earning income by playing games

Solana (SOL)
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The most performant blockchain today, The project has likelyhood to become a default choice where speed is a neceessity for success. Their hackathons are getting huge developer interest, this is another great project to track progress in 2022

Sovryn (SOV)

In short Sovryn is adding ETH functionality to Bitcoin i.e. ability to run smart contracts on Bitcoin. The Bitcoin ecosystem is biggest and crypto and any adoption of smart contracts on Bitcoin will push adoption of Sovryn currently one of the most active projects in this space

Chiliz (CHZ)

The world’s leading blockchain fintech provider for sports & entertainment, As more sport teams use their platform to tokenize their popularity the project’s inhouse currency CHZ should propel to newer heights

Helium (HNT)

Helium is the fastest growing peer to peer communcation network, you can read more about the project in this post

Bitcoin (BTC)

Who can ignore the big daddy? read my initial attempt on its valuation here

Arweave (AR)

Arweave enables you to store documents and applications forever, it can potentially replace likes of dropbox if it succeeds. Cheaper and permanenet storage solution

 

 

This post is not a financial advise and you should not add these coins blindly to portfolio, I shared my bets to improve my learning from interaction that I will have with all of you.

What are your top bets ?  leave in comments

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