The Crypto Coins I’m Currently Investing In

Where Have I Been Putting My Money This Year in Crypto?

In this article, we will discuss the cryptocurrencies that I have been buying this year, the reasons behind my investments, and my plans for these investments. Please note that I own the coins mentioned in this article, and you can find a full disclosure statement in the video description.

bitcoin: The Start of a New Market Cycle

Bitcoin is the first cryptocurrency that we will discuss. Currently, we are at an interesting phase in the market, the start of a new market cycle. While there are still concerns about a U.S. recession later this year, I am cautiously optimistic. As long as Bitcoin trades under $30k, I am interested in stacking Bitcoin. However, if it goes over $30k, I may slow down or stop buying Bitcoin with fresh cash. I believe that Bitcoin has the potential to reach around $150k in the next cycle, which is a 5x return. During this time, I will still acquire Bitcoin through affiliate programs and by moving altcoin profits into Bitcoin. However, I will watch the market closely and take some profits off the table when Bitcoin is trading over $100k.

Avalanche: A Promising Investment

The next cryptocurrency we will discuss is Avalanche (AVAX). I have recently doubled my AVAX position, buying in around $18 with the intention to flip it at around $30. The recent developments and partnerships of Avalanche have caught my attention. There has been a significant increase in daily users and developer activity. The recent Evergreen subnet announcement allows institutions an easy path to build blockchain infrastructure on Avalanche. Additionally, Avalanche has formed partnerships with big Japanese gaming companies, entered the South Korean market, and partnered with Alibaba’s cloud service, Cloudverse. Moreover, Avalanche and ethereum now have a new non-custodial bridge solution for moving USDC back and forth across the chains. I believe that Avalanche is doing all the right things, and I hope it will make a significant impact in the current market conditions.

Arbitrum: A Blue Chip Quality Piece of Technology

Arbitrum (ARB) is another cryptocurrency that I have been consistently buying since it started trading on the open market. While the ARB token is a useless governance token, it can still pump and make money, just like other useless governance tokens. Arbitrum is exploding, with more transactions than Ethereum on most days. It is experiencing strong user growth and engagement. Builders are showing up to the Arbitrum Network, indicating serious interest. I believe that Arbitrum is a blue chip quality piece of technology whose token is currently undervalued. My intention with this investment is to at least double my money.

Spool: A Riskier Play with High Potential

Spool is a low-cap altcoin that I previously owned but capitulated on during the bear market. However, I am back on the Spool train and have made two new purchases in the last two weeks. While it is a riskier play, I believe it has high potential. I think a 10x return is not out of the question, but I am also prepared to lose my investment if the market decides otherwise. Spool has expanded onto the Arbitrum Network, which caught my attention as I have been using Arbitrum myself. Additionally, their V2 announcement sparked further interest. Spool focuses on institutional DeFi adoption for their crypto-native yield strategies. The app is user-friendly, allowing users to deposit stable coins into risk-adjusted pools and earn passive income. The Spool token is a real yield coin, with platform fees going largely to stakers.

Miria: A Bet on Gaming Infrastructure

Miria is a cryptocurrency that I invested in during the pre-sale last year. It is currently on my radar again as they are doing their public node sale, and the nodes will start generating income soon. Miria is a layer 2 Ethereum network purpose-built for gaming. It already has impressive user stats, with millions of registered users and over 250 different games building on their network. The network offers a zero gas fee experience for users, making gaming more enjoyable. The nodes I bought allow me to earn Miria tokens and/or NFTs for helping to secure the network. While the layer 2 space is getting crowded, I believe that owning nodes in a gaming ecosystem could be a better bet than investing in a particular game.

Sui: The New Kid on the Block

Sui is the newest blockchain that I am keeping an eye on for a potential flip. It was built by some of the people who worked on Facebook’s Novi before regulators shut it down. Sui is considered an Aptos sibling and is touted as a solana Killer. While Sui’s theoretical transaction speed of 297,000 transactions per second is impressive, I believe that the market may not currently prioritize this feature. However, I am interested in watching Sui for a potential flip. I am waiting for a more favorable entry price, ideally around $0.50, depending on market conditions. If the price reaches that level, I might consider investing in Sui, as I believe that VCs and whales will eventually drive up its value.

Frequently Asked Questions

1. Do you own the coins mentioned in this article?

Yes, I own the coins mentioned in this article. You can find a full disclosure statement in the video description.

2. What is your strategy for Bitcoin?

I am interested in stacking Bitcoin as long as it trades under $30k. However, if it goes over $30k, I may slow down or stop buying Bitcoin with fresh cash. I believe that Bitcoin has the potential to reach around $150k in the next cycle, and I will continue to acquire Bitcoin through affiliate programs and by moving altcoin profits into Bitcoin.

3. Why are you interested in Avalanche?

Avalanche has been making significant developments and partnerships recently. There has been a significant increase in daily users and developer activity. The recent Evergreen subnet announcement allows institutions an easy path to build blockchain infrastructure on Avalanche. Additionally, Avalanche has formed partnerships with big Japanese gaming companies, entered the South Korean market, and partnered with Alibaba’s cloud service, Cloudverse. I believe that Avalanche is doing all the right things and has the potential to make a significant impact in the current market conditions.

4. What is your strategy for Spool?

Spool is a riskier play with high potential. I believe that a 10x return is possible, but I am also prepared to lose my investment if the market decides otherwise. Spool focuses on institutional DeFi adoption for their crypto-native yield strategies. The app is user-friendly, allowing users to deposit stable coins into risk-adjusted pools and earn passive income. The Spool token is a real yield coin, with platform fees going largely to stakers.

5. Why did you invest in Miria?

I invested in Miria during the pre-sale last year because I saw it as a bet on owning a piece of gaming infrastructure instead of trying to bet on a particular game. Miria is a layer 2 Ethereum network purpose-built for gaming, with millions of registered users and over 250 different games building on their network. The nodes I bought allow me to earn Miria tokens and/or NFTs for helping to secure the network.

6. What is your strategy for Sui?

I am keeping an eye on Sui for a potential flip. While it is the newest blockchain, I am waiting for a more favorable entry price, ideally around $0.50, depending on market conditions. If the price reaches that level, I might consider investing in Sui, as I believe that VCs and whales will eventually drive up its value.