5 Cryptos I'm Selling Right Now (What I'm Buying Instead)

VirtualBacon
7 Dec 202422:09

Summary

TLDRIn this video, the creator shares insights on the current crypto bull run, focusing on which altcoins to avoid and which have higher growth potential. While many cryptos will rise due to Bitcoin's dominance, the video recommends selling overhyped coins like XRP and Stellar in favor of undervalued alternatives such as Ethereum, Solana, and Algorand. It also explores the rise of the AI and RWA sectors, emerging gaming projects like xborg, and highlights legacy altcoins like Chainlink as key picks. The video provides crucial advice on making strategic portfolio adjustments for maximum returns during this cycle.

Takeaways

  • 😀 Focus on altcoins that are fairly launched, as they tend to have stronger community support and higher upside potential during the bull run.
  • 😀 Avoid coins with high Fully Diluted Valuation (FDV) and long VC lock-ups, as these may be manipulated by early investors selling into the market.
  • 😀 Crypto gaming is a high-potential sector, with tokens like xborg, SeedWorld, and Super Champs being strong candidates due to their fair launch model and growing communities.
  • 😀 Layer 1 altcoins like XRP, Stellar (XLM), and Bitcoin Cash should be avoided as they are unlikely to perform well during this bull cycle.
  • 😀 Focus on established blockchain networks like Ethereum, Solana, and Avalanche, as they offer scalability, mainstream adoption, and strong ecosystems.
  • 😀 Projects like Algorand (ALGO) and Chainlink (LINK) are solid investments due to their ongoing development and real-world use cases in the blockchain space.
  • 😀 Legacy coins like Litecoin and Ethereum Classic are considered outdated and have little innovation, which makes them poor choices for long-term investments.
  • 😀 Meme coins and AI-related projects have gained significant traction during the bear market, and they could present strong upside potential as the retail market enters these sectors.
  • 😀 The metaverse narrative is no longer the hot trend it once was, and older projects like Decentraland and Sandbox may no longer be the best options for investment.
  • 😀 To maximize returns, rotate out of outdated altcoins and into newer, high-potential projects with active development and strong community support.

Q & A

  • What is the main focus of the video?

    -The video focuses on identifying altcoins that are popular during the crypto bull run but may no longer have strong upside potential. The creator advises on which altcoins to sell and suggests better alternatives to consider for higher returns or lower risk.

  • Why does the creator emphasize selling certain altcoins despite their current popularity?

    -The creator emphasizes selling certain altcoins, such as XRP and Stellar, because their prices have already surged significantly, and they are less likely to outperform other projects with higher potential. The video suggests focusing on altcoins with more room to grow.

  • What are the expected returns for Bitcoin, Ethereum, and Solana in this bull run?

    -The creator expects Bitcoin to achieve a 2x return, Ethereum to see a 3x to 4x return, and Solana to follow a similar trajectory. For mid-cap altcoins, the expected return is around 6x, and for high-risk low-cap coins, the return could be up to 20x.

  • What is the rationale behind the creator's advice on avoiding certain older altcoins like Bitcoin Cash and Litecoin?

    -Bitcoin Cash and Litecoin are considered legacy altcoins with limited innovation. Despite being adopted by institutional investors, these coins do not offer much technological advancement. The creator recommends selling them in favor of projects like Chainlink, which continues to push technology forward.

  • Why does the creator suggest selling XRP at this point in the bull run?

    -XRP has already seen significant price gains, making it less likely to continue its upward trajectory. The creator advises selling XRP and rotating into Ethereum, Solana, or Algorand, which have more potential for future growth based on their fundamentals and market position.

  • What is the significance of the ISO 20022 standard in crypto, and which altcoins align with it?

    -ISO 20022 is a communication standard between financial institutions, and several altcoins, including XRP, Cardano, Stellar, Quant, Algorand, and others, adhere to this standard. The creator believes that these altcoins, especially Algorand, have the potential for high upside in the context of financial system integration.

  • Why does the creator recommend focusing on newer projects like Algorand instead of older coins in the ISO 20022 category?

    -Algorand is recommended over older coins like XRP and Cardano because it still has a significant amount of potential for growth. It has strong fundamentals, excellent tokenomics, and is listed on major exchanges. Furthermore, Algorand's tokens have already been fully vested, meaning there is no risk of future supply overhang.

  • What are the creator's views on the crypto gaming sector and the most promising gaming projects?

    -The creator highlights that the crypto gaming sector has a lot of potential but advises against investing in older gaming coins like Axie Infinity, Engine Coin, and Gala. Instead, the creator recommends newer projects like xborg, Seedworld, and Super Champs, which have strong community support and fair token launches.

  • What is the importance of 'fair launches' for new crypto projects, especially in gaming?

    -Fair launches, where tokens are first listed on decentralized exchanges and distributed to community members early, are important because they ensure a strong, supportive community that holds tokens for the long term. The creator sees fair launch projects as having more potential for success compared to those with high initial valuations or lengthy VC lockups.

  • Which projects does the creator suggest for exposure to gaming and the metaverse, and why?

    -The creator suggests looking at Wilder World for metaverse exposure, as it has been building consistently and is far ahead of competitors like Sandbox and Decentraland. For gaming exposure, the creator recommends xborg, Seedworld, and Super Champs, due to their fair launches, strong communities, and promising future in the crypto gaming space.

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الوسوم ذات الصلة
Crypto Bull RunAltcoins to SellInvestment StrategyEthereumSolanaXRPCrypto AlternativesBlockchainCrypto TipsCrypto TrendsRisk Management
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