I’ve been under the assumption that people know what is and isn’t a good buy… boy was I wrong.
This isn’t financial advice but here’s what my portfolio has consisted of outside of ETH & BTC:
LUNA (bLUNA and wLUNA)
ATOM
DOT
SOL
FTM
MATIC
AVAX
MINA
OHM, TIME, & HEC (Reserve currency DAOs)
What’s hottest.
$LUNA — The project is called TERRA. It’s said to be the future of finance. And it’s extremely big right now, everyone is raving about it on twitter. It has grown by $100 in the last year, so why shouldn’t people be, but it is a great project that is at the top of this list for a reason. And it’s not “designed” to slow down. It’s a DeFi project that you could use to get 20% APY from staking your tokens. I hope to tell you more about this in the future and how it’s creating passive income.
Once you get LUNA, the best thing to do is to use in combination with Anchor Protocol or Pylon Protocol.
I’ll follow up with the steps to do this. But for now, start grabbing some LUNA.
$SOL — Solana blew up this last summer. It’s considered to be one of the blue chip blockchains up there with Ethereum and Bitcoin.
If you look for one thing in 2022, look for the bridges.
$ATOM — The project is called COSMOS. It’s building a bridge between blockchains. Not all blockchains but some of the big and important ones like Terra - Ethereum - Polkadot. And WE NEED BRIDGES. So if you want to invest in a bridge, grab some ATOM.
Follow the developers and builders.
$AVAX — Last month I used AVAX for the first time. There’s some cool projects going on there, the one that I was looking at was a DAO called Olympus DAO. In short, the Avalanche Network (AVAX token) lets you play on the network without all the extremely high gas fees that Ethereum makes you pay. I was able to buy and trade some gOHM, which is “wrapped staked OHM” on the AVAX network without a ton of gas fees aka I get the benefits of this token without having to use the ETH network just yet..
$FTM — The Fantom network is competing with the Avalanche network. I’m playing around on both of these. Just remember, developers and builders need a playground to create newer versions of things; in this case financial systems and services for individuals and organizations.
$MATIC — Polygon is the chain and it’s a “layer 2” on top of Ethereum. For this reasons alone, being bullish on Ethereum, it’s a smart play to bet that the best layer 2 will give you some great returns. Draft Kings is building on here and so are many other businesses. They trust Ethereum and they are using the layer 2 for tons of extra benefits.
Idk much about it, but my friends tell me to get it…
$MINA — we are hoping to see a big run up with MINA. It’s cheap right now which is why I bring it up for 2022.
A new economic model for decentralized reserve currencies.
$OHM — Olympus DAO launched this last year and took over crypto twitter. It introduced the idea of a decentralized reserve currency. Kinda groundbreaking stuff if you can imagine it. The reserve currency of the world is the dollar. But the blockchains are trying to avoid falling victim to the long standing historical failures of the fiat system. Look I’m not going to lie, I’m still trying to wrap my head around the idea that we can get out of the sink hole we’re in, but if there is one thing I am, it’s an optimist. As of now, an indefinite optimist. But I’m learning more and more to be a definite optimist. If there is one project I hope goes really really really well, it’s this one.
That’s it for today. Merry Christmas and have a happy new year.